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NewSpring Capital Logo

through their portfolio company

Magna5 logo

has acquired

SpinnerTech Logo

Dinan & Company initiated this transaction

Magna5 bolsters managed services business through acquisition of Spinnertech

Buyer

NewSpring Capital

A family of targeted private equity funds focused on the Mid-Atlantic region of the United States.

Portfolio Company

Magna5

Provides managed IT services, cybersecurity, private and public cloud hosting, backup and disaster recovery and other advanced services to mid-market and enterprise customers nationwide.

Seller

SpinnerTech

Managed IT services and cloud hosting company serving customers across a wide range of verticals.

Industry

Business Services
Technology

Sector

IT & Managed Services

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