NetTech Enters Equity Partnership with Best-in-Class Managed Services Provider, New Charter Technologies

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Jun 22, 2022, 08:44 ET

Focusing on Solving Business Challenges Through Strategic IT Investments

DENVER, June 22, 2022 /PRNewswire/ -- New Charter Technologies, a portfolio company of Palo Alto-based private equity firm Oval Partners, recently announced the partnership of NetTech, a managed IT provider serving clients throughout Louisiana and Arkansas. NetTech has been providing results to loyal customers since 2004 with a unique business-focused IT process.

When making the decision to enter the New Charter Technologies Equity Partnership, NetTech's ownership group consisting of Tom Bullock, Andy Martin, Ray Barnett, Aaron Paul, and Cody Davis, made the decision based on a desire to put people first – both clients and team members.

According to Mitch Morgan, CEO of New Charter Technologies, "NetTech has had such a strong presence in the communities they serve. The ownership group has established a great reputation for consistency, accountability, and quality for its clients. The company and its talented associates fit perfectly into our growing platform."

The ability to offer enhanced technical opportunities to clients, better customer service, and better geographical reach also interested the NetTech ownership group. These enhanced capabilities come from having access to 17 other highly collaborative Operating Company Partners within the platform that share best practices and the opportunity to leverage advanced technology services such as Microsoft Partner Programs, best-in-class cybersecurity offerings through Cyber74, and more.

"Becoming a New Charter Company allows us to offer our clients a level of product, service, and expertise that a company our size and in our location can't achieve on its own," said NetTech President Andy Martin. "In both the short and long term, those enhanced technology and service capabilities will lead to more business success for our clients, which is our main focus as a company. As such, we are incredibly excited about moving forward with our New Charter Technologies Partnership."

The unique partnership with New Charter Technologies will also provide NetTech's employees with the ability to share knowledge with their peers at other New Charter companies, as well as provide significantly greater career and growth opportunities. The partnership also satisfies the ownership group's desire to create a succession plan for the organization.

"The potential that will come from this partnership will create an opportunity-rich environment for our people to take advantage of," said NetTech CEO Tom Bullock. "This partnership also perpetuates the company beyond the life of the existing owners and creates longevity, opportunity, and collaboration for our employees."

NetTech is the 18th high-performing MSP to join the New Charter Equity Partnership. The team is looking forward to offering their clients additional advanced cybersecurity services and contributing to the platform through the sharing of best practices.

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MEDIA CONTACT:
Dan Escovitz
Oval Partners
[email protected]
312.375.0050

SOURCE New Charter Technologies