Press Releases

Portfolio Company UpdateSeptember 8, 2021Netrix Acquires PSC Group, a Provider of Cloud-Focused Application Development & Modernization Services

Netrix, LLC, a leading provider of managed and professional IT services, with a core focus on cloud, security, collaboration, ITSM and application development solutions, today announced it has closed the acquisition of PSC Group, LLC. The acquisition adds significant scale to Netrix’s cloud application development and data intelligence practices, leveraging both Microsoft Azure and Amazon...

Portfolio Company UpdateJuly 13, 2021Netrix Acquires Managed IT Services Business Unit from Contegix

Netrix, LLC, a leading provider of managed and professional IT services, with a core focus on cloud, security, collaboration, information technology service management (ITSM) and application development solutions, today announced the acquisition of the Managed IT Services business unit of Contegix, LLC. The acquisition significantly expands Netrix’s market presence in the Northeast and Mid-Atlantic regions,...

Portfolio Company UpdateMay 18, 2021Smartronix Announces Acquisition of C2S Consulting Group

Smartronix, LLC, a leader in next-generation cloud, C5ISR, and advanced engineering and IT solutions, today announced the acquisition of C2S Consulting Group (C2SCG), a pure-play, full spectrum cloud solution provider specializing in the transformation of government customers in data intensive environments through innovation, automation, and adoption of hybrid and multi-cloud solutions. Based in Herndon, Virginia,...

Portfolio Company UpdateJanuary 11, 2021Smartronix Announces the Acquisition of Datastrong

Smartronix, LLC, a leader in next-generation cloud, C5ISR, and advanced engineering and IT solutions, today announced the acquisition of Datastrong, a technology solution provider focused on data architecture, design and business analytics for government and commercial clients. Datastrong’s advanced technology offerings will enhance Smartronix’s position as a cloud leader and expand the company’s comprehensive solutions...

Portfolio Company UpdateDecember 22, 2020Netrix acquires the IT Services Business Unit of Prosum

Netrix, LLC, a leading, national provider of IT managed and professional services with a core focus on the Microsoft ecosystem, today announced the acquisition of the Microsoft Consulting and Managed Services Business Unit of Prosum, Inc. The acquisition expands Netrix’s presence on the West Coast, deepens its IT managed services business, and strengthens its Microsoft services...

Transaction AnnouncementAugust 6, 2020Netrix Recapitalized by OceanSound Partners

Netrix, LLC today announced that an affiliate of OceanSound Partners, LP has recapitalized the company. OceanSound is a growth-focused, middle-market private equity firm investing in technology and technology-enabled services companies operating in enterprise, government, and industrial end markets. Terms of the transaction were not disclosed.

Portfolio Company UpdateJuly 29, 2020OceanSound Partners Announces Appointment of Peter LaMontagne as CEO of Smartronix and Trident Technologies

OceanSound Partners, LP ("OceanSound") today announced the appointment of Peter B. LaMontagne as Chief Executive Officer (“CEO”) of Smartronix, LLC ("Smartronix") and Trident Technologies, LLC ("Trident") (collectively, the “Company”). He succeeds John Parris, who co-founded Smartronix in 1995, operated as CEO of Smartronix since 2007 and both companies since December 2019. Mr. Parris will serve as Vice Chairman of the Company going forward.

Transaction AnnouncementJanuary 17, 2020OceanSound Partners Announces Strategic Investments to Create Leading Government Technology Business

OceanSound Partners, LP (“OceanSound”), a private equity firm focused on making control investments in middle-market technology and technology-enabled companies, today announced the recapitalizations of Smartronix, Inc. (“Smartronix”) and Trident Technologies, LLC (“Trident”).

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