ICS Completes Acquisition of TechMD

Endicott, NY October 18, 2022 – ICS, a portfolio company of ClearLight Partners and leading provider of Information Technology (IT) Managed Services, has acquired TechMD, a provider of Managed IT Services to small to medium businesses, headquartered in Orange County, California.

Under the stewardship of Mark Perez and Sebastian Igreti over its twenty-year history, TechMD has helped small-to-medium sized businesses and organizations in the greater Los Angeles and Orange County metro areas by providing IT managed services, cybersecurity services, technical services, cloud solutions and product procurement.

Kevin Blake, CEO of ICS, commented: “The TechMD team is terrific – they share our values and our dedication to customer service. We look forward to working with them and continuing to be a positive force for our customers, our employees and for the communities we serve.”

“We have known Kevin and the ICS team for a long time. We are excited about the future and the opportunities this creates to better serve our clients, and for our employees to grow in their careers,” said Mark Perez, TechMD’s co-founder. David Bryden, TechMD’s CEO who will continue to lead the region remarked, “ICS puts clients first and we are thrilled about the opportunity to expand and enhance the services we offer clients. This is an important step for all of us.”

Kyle Burke, a Partner at ClearLight said, “Kevin Blake and the ICS team have been great partners. We continue to see strong secular tailwinds in the IT managed services space and believe TechMD provides us with an excellent opportunity to drive growth in the attractive Southern California region.”

Embarc Advisors was the exclusive advisor to TechMD.

About ICS

ICS is a provider of IT Managed Services, cybersecurity, cloud migration and implementation services for small to medium-sized businesses. The company offers on-site and remote support to customers in the Northeastern US (United States), with an emphasis on cybersecurity, risk management and a remote workforce. ICS was founded in 1986 and is currently led by 20+ year industry veteran Kevin Blake.

For more information, please visit www.icscomplete.com

About ClearLight Partners

ClearLight Partners is a private equity firm in Southern California that invests in established, profitable middle-market companies with significant growth potential. Since its inception, ClearLight has raised $900 million in capital across three funds from a single limited partner. The team at ClearLight has extensive operating and financial experience and has a history of successfully partnering with owners and management teams to drive growth and create value.

For more information, please visit www.clearlightpartners.com