Navigation Capital Partners, an Atlanta, GA-based lower middle market private equity firm, has formed Stratos Management Systems Inc.
Stratos is a platform designed to acquire and integrate IT solutions providers and managed services firms focused on building and maintaining hybrid IT environments, including private cloud, virtualization, storage, security and networking elements.
Stratos has completed its first acquisition, Nexus Information Systems, an IT provider of virtualization, storage and managed services.
Nexus, based near Minneapolis, provides a scalable platform to serve Fortune 1000 and mid-sized firms in the Midwest and beyond. It focuses on virtualization, data storage, disaster recovery, networking, servers and the technical and managed services surrounding each of these areas.
Nexus has expertise in the healthcare, manufacturing, professional services, technology, hospitality, local government and education segments.
NCP plans to enhance professional and managed services capabilities for the company’s existing customers.
It also intends to grow the Stratos platform through both organic development and additional acquisitions in new geographic markets. To this end, the firm has appointed Ron Farrell as chief executive officer, Bret Kidd as president and chief operating officer and Ken Brown as executive vice president of Stratos.