September 27, 2022
Translink Corporate Finance in the US, Dinan & Company, acted as the advisor to Magna5, a portfolio company of NewSpring Capital, on the acquisition of Interphase Systems.
Magna5, a national provider of managed IT services and a NewSpring Holdings platform company, announced its acquisition of Interphase Systems, a Philadelphia-based managed IT services provider servicing businesses in the Philadelphia metropolitan region with a particular expertise in servicing the life sciences and financial services sectors. This is the fifth managed services acquisition for Magna5 and further strengthens the firm’s position as a formidable player in the Northeast and mid-Atlantic regions offering a wide range of managed IT services including network management, cybersecurity, data recovery and cloud services.
“We’re thrilled to join the Magna5 team and look forward to leveraging their sales and marketing expertise to expand our customer base in the Philadelphia region,” says John Biglin, CEO of Interphase Systems. “Our current customers will also benefit from Magna5’s broader set of capabilities and technical resources.”
“Our goal is to be a true business partner with our customers, helping them to scale their business operations efficiently and effectively by leveraging our portfolio of managed IT and cloud services,” says Bob Farina, CEO of Magna5. “We’re very excited to welcome the Interphase Systems team and expand our presence in the greater Philadelphia region.”
The demand for real-time cybersecurity protection, data backup/recovery, centralised network monitoring, cloud hosting and 24/7 help desk support combined with Magna5’s superior service offerings have the company on pace to record organic growth of over 20% year over year.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading national M&A and merchant banking services company with over 32 years of advisory experience dedicated to middle-market transactions.