NEW YORK | September 28th, 2022 – Drake Star is pleased to announce that it served as a financial advisor to Synoptek, Inc. (“Synoptek”), a leading global business and digital transformation advisory and consulting firm, on its majority investment from Quad-C Management. Synoptek was previously a portfolio company of Sverica Capital Management.
Synoptek is a global, full-service business and digital technology solutions provider and advisory firm that helps companies envision, transform, and evolve. As a systems integrator and managed technology group, Synoptek partners with organizations worldwide, helping them navigate the ever-changing technology landscape and build solid tech foundations for their businesses. With its comprehensive offerings, global workforce, and strategic technology partnerships, Synoptek helps companies grow their business while optimizing and protecting their IT ecosystem. With growth, ownership, inclusivity, and philanthropy embedded in its DNA, Synoptek is committed to delivering improved business results and unmatched service to all its stakeholders.
Synoptek employs more than 1,000 technology professionals spanning 12 offices across the globe. Increasing demand for the firm’s elite service offerings is fueled by its industry-agnosticism and the growing dependence that businesses have on technology, as well as the widespread adoption of cloud platforms, such as Microsoft Dynamics, Salesforce, ServiceNow, Azure, AWS, Microsoft 365, and Google G-Suite.
Synoptek’s former private equity partner, Sverica Capital Management, invested in the company in 2015 and has plans to remain a minority stakeholder moving forward. Sverica is a leading growth-oriented private equity firm that has raised more than $1.1 billion across five funds. The firm acquires, invests in, and actively builds companies that are, or could become, leaders in their industries. Sverica’s funding was a catalyst in the significant year-over-year growth that Synoptek has experienced since 2015. The full-service business technology and digital solutions provider anticipates Quad-C’s ownership will support continued organic and M&A expansion opportunities.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a mid-market private equity firm focused on investing in well-established business and consumer services, healthcare, industrial specialty distribution, and transportation/logistics companies. In its three-decade history, Quad-C has invested in excess of $3 billion of capital in more than 70 platform companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value.
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Drake Star is an award-winning global tech investment bank that has completed over 400 transactions since 2003. Drake Star team of over 100 senior professionals across offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Dubai*, and Singapore* focuses on mergers & acquisitions and corporate finance services worldwide in Consumer & Retail Technology, Digital Media, FinTech, Mobility & Sustainability, Software/SaaS, Digital Services, and Industrial Tech sectors.
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