AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger of a unitranche debt facility to support the acquisition of Coretelligent by Norwest Equity Partners (NEP). AB-PCI worked with NEP to craft a scalable solution, leveraging significant shared expertise related to managed service providers (MSPs).
Headquartered in Westwood, MA, Coretelligent’s differentiated solutions are designed to secure and enhance an organization’s IT operations for optimal business performance.
Coretelligent serves as an outsourced solution for most, if not all, of a client’s IT spend on storage, compute capacity, security, and computer software and hardware while wrapping these solutions with around the clock, white-glove, technical support.
With offices in Minneapolis, MN and West Palm Beach, FL, NEP has been investing in growing, profitable and scalable middle market companies for more than 60 years. NEP has deep experience working with IT services companies.
Coretelligent fits well with NEP’s and AB-PCI’s key investment themes in the space, including best-in-class solutions, a high-recurring revenue base, and both organic and inorganic growth opportunities.
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