Gallant Capital Partners, a Los Angeles-based investment firm, completed a strategic growth investment in DynTek, Inc., a US-based professional IT services, cybersecurity, and risk management organization, and rSolutions Corporation, a Canadian-based cybersecurity firm.
The amount of the deal was not disclosed.
Gallant’s investment in both companies will support accretive growth through further innovation and development of technical offerings and cybersecurity services, operational enhancements that drive customer experience, and strategic acquisitions.
The investment was made in partnership with DynTek CEO Tim Montgomery, rSolutions CEO Richard Baker, and additional sellers and members of both executive leadership teams who collectively will remain material owners of the combined business.
As part of the deal, Gallant will unify both organizations under a single leadership structure and investment umbrella. The combined entities also announced that Paul Kerr has joined to serve as Chief Executive Officer to execute the combined strategic business goals. Kerr is a dynamic and seasoned executive with over 25+ years of experience in the information technology industry. He founded Scalar Decisions in 2004 and grew the company to over C$250M revenue before it was acquired by CDW in 2019.
DynTek is a national systems integrator and risk management partner that delivers cost-effective professional IT consulting services, end-to-end IT solutions, managed IT services, and IT product sales to state and local government, educational, healthcare and enterprise customers in the largest IT markets nationwide. Its broad range of technical expertise and vendor partnerships allow it to deliver solutions that support digital business transformation including IT Security, Managed Security Services, Microsoft, Digital Infrastructure, Modern Workplace, Data Center and Cloud solutions.
rSolutions delivers managed cybersecurity services, product sales and cybersecurity professional services to clients in many industry sectors including financial services, telecommunications, energy, government and retail from its owned and operated Security Operations Centres (SOCs) in Canada. rSolutions SOC offers a 24/7/365 fully Managed Security Services including Extended Detection and Response (XDR), Endpoint Detection and Response (EDR), managed Security Information & Event Monitoring (SIEM), Vulnerability Management Program services Security Awareness Training Services.
FinSMEs
16/08/2023