Le Lézard
Classified in: Science and technology, Business
Subject: FNC

CenterGate Capital Partners with Leading Outsourced IT Service Provider, Soroc Technology


WOODBRIDGE, Ontario, Dec. 28, 2020 /PRNewswire-PRWeb/ -- CenterGate Capital ("CenterGate"), an Austin-based private equity investment firm, announced today that its affiliate has made an investment in Soroc Technology ("Soroc"), a leading provider of outsourced IT services throughout North America.

Established in 1981 and headquartered in Woodbridge, Ontario, Soroc serves a blue-chip customer base in the financial services, technology, and retail industries across North America. Customers rely on Soroc's track record of quality IT services, including on-site and help desk support, procurement and deployment, professional services, recruiting, and business continuity and disaster recovery services. Founder & CEO Rudy Cheddie will continue to lead Soroc and serve as Chairman on its Board of Directors.

"We are excited about our partnership with CenterGate and what it means for our employees, customers, and vendors," commented Cheddie. "CenterGate's investment will provide us the capital and strategic resources to continue to grow our service offering while maintaining our focus on unparalleled customer service."

Tim Liu, Managing Director at CenterGate Capital, added, "Rudy and the entire Soroc team have an impressive track record of success, and we look forward to working with the team to continue that growth. Soroc has a reputation for the highest levels of customer service, which uniquely positions the company to be successful."

About Soroc Technology
Soroc Technology is a full-service IT firm that provides customers with end-to-end IT infrastructure lifecycle services, including on-site and help desk support, procurement and deployment, professional services, recruiting, and business continuity and disaster recovery services. Headquartered in Woodbridge, Ontario, Soroc serves as a leading outsourced IT services provider to customers throughout North America.

About CenterGate Capital
CenterGate Capital is a private equity firm focused on creating value for its stakeholders and investors by proactively partnering with management. CenterGate brings a balance of financial and operational experience and strategic insight to assist management in driving long-term sustainable growth in lower middle market companies. CenterGate focuses on investing in lower middle market companies with $20 to $250 million of revenue. For more information, please visit http://www.centergatecapital.com.

Media Contact

Media Queries, CenterGate Capital, (512) 717-7100, [email protected]

 

SOURCE CenterGate Capital


These press releases may also interest you

at 00:25
Shanghai Junshi Biosciences Co., Ltd ("Junshi Biosciences," HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial...

at 00:24
In the news release, Roborock Reports 2023 Full Year Financial Results, issued 28-Mar-2024 by Roborock over PR Newswire, we are advised by the company that in the first bullet point of "Growth across Product Categories", the USD amount should read...

28 mar 2024
Royal Bank of Canada ("RBC") today announced it has completed the acquisition of HSBC Bank Canada ("HSBC Canada"). "Today marks one of the most exciting times of our 155-year history and a pivotal milestone in our long-term growth story as we...

28 mar 2024
The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Boao, south China's Hainan Province on Thursday, with China's top legislator Zhao Leji stressing China's economic potential, appealing to international investors...

28 mar 2024
OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for March 29, 2024. OKX Ventures...

28 mar 2024
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear...



News published on and distributed by: