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Warburg Pincus LLC acquires Service Express from Harvest Partners, LP

Aug 15, 2024•11 months ago

Acquiring Company

Warburg Pincus

Acquired Company

Service Express

New YorkGrand RapidsFinancial ServicesConsultingInternet Services

Description

Harvest Partners, LP has announced the completion of the sale of Service Express, a leading provider of data center services, to Warburg Pincus LLC. Service Express, known for its third-party data center maintenance services and managed services, will now be under the ownership of Warburg Pincus as it continues its global expansion and growth.

Company Information

Company

Warburg Pincus

Location

New York, New York, United States

About

Warburg Pincus LLC is a leading global growth investor. The firm has more than $73 billion in assets under management. The firm's active portfolio of more than 235 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 20 private equity and 2 real estate funds, which have invested more than $100 billion in over 1,000 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com. Follow us on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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