Bridgepointe Technologies announced a strategic growth investment led by Charlesbank Capital Partners, valuing the company at over $1 billion.
As an existing investor, Charlesbank will invest alongside Carlyle AlpInvest. According to Bridgepointe, the transaction is one of the largest recent investments in the technology services distribution market.
Since Charlesbank’s initial investment in December 2021, Bridgepointe has expanded through strong organic growth and acquisitions into a national platform that advises enterprises on telecom, cloud and IT infrastructure decisions, including supplier selection.
With additional capital, Bridgepointe is positioned to accelerate its growth trajectory, including pursuing strategic acquisitions, investing in technology and data capabilities and scaling its sales and go-to-market organization.
As part of the transaction, Carlyle AlpInvest is investing through a vehicle that enables Charlesbank to continue its investment while providing meaningful liquidity to existing investors and equity partners seeking to realize value on the company’s performance to date. The combined support of Charlesbank and Carlyle AlpInvest as long-term partners strengthens the company’s capital base for its ongoing development.
The transaction includes dedicated capital to continue to pursue strategic acquisitions, invest in technology and talent, and further enhance Bridgepointe’s operating capabilities – providing the financial flexibility to move decisively in a consolidating market.
Bridgepointe’s executive leadership team and board of directors are expected to remain in place following the transaction.
