Highstreet IT Solutions, LLC
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Highstreet IT Solutions, LLC - overview
Established
1996
Location
Rockville, MD, US
Primary Industry
Business Support Services
About
Based in Maryland, US, and founded in 1990 and led by CEO Nick Magliato, Highstreet IT Solutions, LLC operates as a provider of cloud-based services and enterprise software in-the-cloud and enterprise software to-the-cloud to middle-market and larger clients. In February 2024, CIVC Partners, along with the company's management, acquired Highstreet IT Solutions, LLC from Transition Capital Partners and Petra Capital Partners. Highstreet IT Solutions, LLC offers various services including Oracle Cloud Solutions, which help businesses stay ahead of the technology curve. The company also provides Managed Services, allowing clients to focus on their core business, and supporting with software maintenance and support.
It offers health check and cloud journey assessments, change management and user readiness programs, and specialized iPaaS solutions through their bridge's platform. As of 2024, the firm provides its services to a diverse range of industries including education, financial services, government and transportation, healthcare, non-profit, and commercial sectors.
Current Investors
Petra Capital Partners, Transition Capital Partners
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Data Centers, Analytics & Performance Software, Application Integration Software
Website
www.highstreetit.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Highstreet IT Solutions, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Graviton Consulting Services | - | ||||||||
| Secondary Buyout | Completed | Highstreet IT Solutions, LLC | - | ||||||||
| Recapitalisation | Completed | Highstreet IT Solutions, LLC | - |
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