RECENT RELEASES
Service Express-
Business
Service Express is a leading third-party maintenance provider of hardware support for data center infrastructure focused on mission-critical server, storage, and network equipment. Service Express has a strong value proposition as it provides services that maintain and extend the life of mission-critical data center equipment at quicker response times and a lower cost versus post-warranty support offered by OEMs.
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Harvest Partners Investment
In November 2019, Harvest acquired Service Express in partnership with management. To fund the acquisition, Harvest provided equity capital and arranged the debt financing. In addition, Harvest arranged equity co-investment capital.
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Investment Thesis
- Leading player in a large, growing and fragmented end-market
- Mission-critical service with a clear and compelling value proposition
- Strong track record of organic growth and accretive tuck-in acquisitions
- Attractive financial profile with recurring revenue, industry and geographic diversification and strong free cash flow generation
- Downside protection and recession resiliency
- Strong management team with track record of execution
