Drake Star Partners Advises 3Cloud On Its Equity Investment From Gryphon Investors.

  • Year
  • Sector
    Digital Transformation Digital Services
  • Our Mission
    Exclusive Financial Advisor to 3Cloud

NEW YORK | SAN FRANCISCO | CHICAGO | July 8, 2020 – 3Cloud, a leading Microsoft Azure services firm, has announced a significant equity investment from Gryphon Investors. The investment will enable 3Cloud to accelerate its growth and scale to meet increasing demand for Microsoft Azure technology consulting and managed services.

Drake Star Partners acted as exclusive financial advisor to 3Cloud and its shareholders on this transaction.

3Cloud is a “born in the cloud” Gold-certified Microsoft Azure technology consulting firm and Azure Expert Managed Services Provider that provides cloud strategy, design, implementation, and managed services to clients across multiple industries. Founded in 2016, the firm has grown to 70 full-time employees with offices in Chicago and Dallas. In 2019, 3Cloud delivered Microsoft Azure services for 160 clients, more than doubling its number of clients from 2018.

“We are excited to be partnering with Gryphon on this next phase of our growth and believe we’ve found the ideal partner to help us further build on what we’ve accomplished to date.” said Mike Rocco, 3Cloud co-founder and Chief Executive Officer. “Drake Star was an invaluable advisor throughout this process and their team’s deep industry knowledge and commitment to the process allowed us to achieve our desired outcome.”

“Drake Star’s expertise in the cloud IT services market made them an invaluable partner”, said Jim Dietrich, 3Cloud co-founder and President. “I greatly appreciate the insight and dedication Drake Star’s team showed in helping us successfully navigate and complete this transaction – enabling us to launch into our next chapter with Gryphon as our strategic growth partner.”

3Cloud’s founders and executive sales leadership spent a combined 42 years in executive roles at Microsoft before launching 3Cloud, enabling the firm to develop a deep network of Microsoft sales and engineering relationships. In 2019, 3Cloud was a finalist for Microsoft’s Datacenter Migration Partner of the Year Award.

3Cloud’s current leadership team will maintain a significant ownership share in the company and continue to manage the firm with support from Gryphon. Gryphon representatives will join 3Cloud’s co-founders on its Board of Directors, along with seasoned services and Microsoft channel executives to be announced at a future date.

Jeff Baker, Managing Partner at Drake Star Partners, said: “We were excited to be part of this process for Mike, Jim and their employees and will be intently watching their continued success as the market for public cloud services continues to accelerate.”

Legal Advisor to 3Cloud: Epstein Becker Green (Partners: David E. Weiss, Michael Ferrell)


For further inquiries, please contact

Gregory Bedrosian 

Managing Partner & CEO | Drake Star Partners

gregory.bedrosian@drakestar.com, +1-203-524-5652 

About 3Cloud

3Cloud is a “born in the cloud” Gold-certified Microsoft Azure technology consulting firm and Azure Expert Managed Services Provider that provides cloud strategy, design, implementation, and managed services to clients across multiple industries. Founded by former Microsoft technology leaders, 3Cloud combines a team of highly experienced cloud architects and technologists with a strong network of Microsoft sales and engineering relationships to deliver the ultimate Azure experience for clients. 3Cloud is headquartered in Chicago, Illinois with offices in Dallas, Texas and supports clients throughout North America and Europe.

For more information, please visit www.3cloudsolutions.com.

About Gryphon Investors

Based in San Francisco, Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $5 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $100 million to $300 million in portfolio companies with sales ranging from approximately $100 million to $500 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise.

For more information, please visit www.gryphoninvestors.com.

About Drake Star Partners

Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.

Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.


*Partner Offices