New York, NY
Lightview Capital (“Lightview”) has announced a significant investment in Buchanan Technologies, Inc. (“Buchanan” or “the Company”), a leading provider of IT support and services for corporations around the world. Buchanan employs diverse and experienced consultants, engineers and architects that consistently deliver cutting-edge solutions for its clients using their global delivery footprint.
With Corporate headquarters located in Grapevine, Texas, and Canadian headquarters in Mississauga, Ontario, Buchanan has been a steady force in the managed services / technology services space since 1988, with recognition that has included multiple Inc. 500 awards, 2019 Top MSP 501, the Elite 150 in the 2019 CRN MSP 500 and both Microsoft Business Productivity Innovation HDI Pinnacle of Excellence awards. Buchanan leverages best-in-class tools and processes to deliver essential technology management services to enterprises seeking flexible solutions. The Company leverages its proprietary robotic process automation (RPA) tool “Abbey” to provide clients with a more enhanced and operationally efficient service offering by independently managing repetitive and labor-intensive managed services tasks.
Buchanan’s services include Cloud Services, Digital Transformation, Managed Services, Support Operations, Service Desk, Professional Services, On-Site Field Services, Depot Services and Technology Consulting, and has been helping clients successfully navigate the tremendous shifts in enterprise technology for three decades
The partnership with Lightview will provide both incremental resources and capital that will allow Buchanan to continue to drive expansion and better serve customers. “We chose Lightview because of their deep MSP sector knowledge, shared values, and a strong common vision for our growth”, said James Buchanan, CEO and Founder of Buchanan Technologies.
“Buchanan’s North American presence, scale, and reputation as a leading managed IT service provider offers a strong platform for continued expansion. The MSP sector is an attractive area for investment and an area we have significant expertise and experience in. Buchanan’s technology suite and operations platform coupled with strong recurring revenue and customer retention made this a compelling opportunity to partner with Jim and his team.” said Rich Erickson, Co-founder and Managing Partner of Lightview Capital.
The investment in Buchanan is consistent with Lightview’s strategy of investing in business services organizations that provide specialized domain expertise, strong recurring revenue and ability to benefit from Lightview’s collaborative investment approach.
About Lightview Capital
Lightview Capital is a leading private equity firm investing exclusively in business services sectors across the lower middle market. Lightview is focused on providing its portfolio companies deep industry knowledge, insightful experience, and active resources to unlock growth and drive value. Lightview Capital’s approachable investment style combines deep operational and financial experience with an entrepreneurial spirit that delivers measurable results.
Headquartered in New Jersey and founded in 2012, Lightview Capital founders have successfully led direct investments and acquisitions of more than 50 growth companies. To date, more than half of those investments have led to IPOs or strategic exits yielding a combined enterprise value of nearly $2 billion. Over the course of their combined 50+ years of experience they have founded and managed both operating businesses and investment firms where they were instrumental in raising over $1 billion in capital from leading institutional investors that included university endowments, pension funds, family offices and funds.
For more information on Buchanan Technologies or Lightview Capital, please contact Jake Sichenzia at email@example.com.