Ropes & Gray advised LightBay Capital in a strategic investment and partnership with Centre Technologies, a leading Texas-based IT managed service provider. The partnership announced on June 24 provides Centre with additional capital and resources to enter new geographies and service lines, deepen its AI, cloud and cybersecurity offerings, and accelerates its acquisition pipeline. Financial terms were not disclosed. Centre serves more than 750 clients across Texas and Oklahoma.
The Ropes & Gray team included private equity partners Tim Castelli and Andrew Pomranke, finance partner Greg Bauer, tax partner Aaron Harsh, employment, executive compensation & benefits partner Jen Cormier, antitrust partners Nick Berg and Deidre Johnson, data, privacy & cybersecurity partner Ed McNicholas, IP transactions partner Emily Karlberg, private equity counsel Derek Yee, litigation & enforcement counsel Alison McLaughlin and tax counsel Ariella Mutchler.
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