Berkshire Partners and Court Square Capital Partners have made a strategic investment in Thrive, a Massachusetts-based provider of cybersecurity and IT managed services. The deal, whose financial terms were not disclosed, brings together a new investor in Berkshire with additional funding from existing investor Court Square.
Thrive, which has completed 15 acquisitions since 2020, delivers technology outsourcing services to mid-market, small enterprise and SMB clients across financial services, healthcare, professional services and government sectors.
“Over the past decade, we’ve built a market-leading company with a wide array of technology capabilities,” Thrive president Bill McLaughlin said. “With the new strategic investment from Berkshire and Court Square, we will continue scaling to meet the complex needs of the industries we serve.”
