Seaport Capital acquires CyberlinkASP from Staple Street Capital
New York-based private equity firm, Seaport Capital, has finalized its acquisition of CyberlinkASP from Staple Street Capital, a renowned middle-market private equity firm. This deal, funded through Seaport Capital Partners VI, a $240 million private equity fund, marks Seaport’s sixth investment in the fund. Cyberlink, based in Dallas, Texas, is a prominent managed service provider (MSP) specializing in fully-outsourced IT management services for SMB and enterprise customers.
Cyberlink’s Comprehensive IT Management Services
Established in 1999, Cyberlink’s portfolio includes a full spectrum of IT management services, encompassing Desktop-as-a-Service (DaaS), application hosting, network management, disaster recovery, and cybersecurity. With over 100 hosted applications in public and private cloud environments, Cyberlink’s offerings cater to enterprises across various industries, including regulated sectors like healthcare, legal, and financial services.
Strategic Partnership for Growth
Chris Lantrip, CEO and co-Founder of Cyberlink, expressed optimism regarding the collaboration with Seaport Capital, stating, “After spending the last few months with the Seaport Capital team, we believe they are the right strategic partner for Cyberlink’s next phase of growth. I’m looking forward to executing key initiatives that will allow our business to continue to grow and scale to its full potential. Seaport’s sector experience in tech-enabled services and its approach to partnership give us confidence and enthusiasm as we enter this next chapter.”
Seaport Capital’s Vision for Cyberlink
Scott McCormack, Partner at Seaport Capital, acknowledged Cyberlink’s consistent customer focus, adding, “We’re excited to work with Cyberlink’s experienced management team and grow the business together through multiple avenues. The Company’s consistent focus on customer service has led to long-term customer relationships and strong customer retention.”
Additionally, Seaport Capital Partner Drew Meyers emphasized the promising partnership with Cyberlink’s management, citing both parties’ combined experience as a foundation for long-term success.
A Farewell Note from Staple Street Capital
The partners at Staple Street Capital reflected positively on their partnership with Cyberlink, expressing satisfaction with the company’s growth and leadership in the DaaS and MSP market.
The Bank Street Group LLC acted as the exclusive financial advisor to Cyberlink in this transformative transaction.