Citizens Financial : Advises Edafio Technology Partners on its Recapitalization by M/C Partners

01/18/2022

PROVIDENCE, RI - Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Edafio Technology Partners, Arkansas' largest IT managed services provider, on its recapitalization by M/C Partners, a Boston-based private equity firm focused on businesses in the digital infrastructure and technology services sector. M/C Partners' investment represents the first institutional capital raised by the company and will help fuel its continued growth in the IT managed services industry.

Edafio Technology Partners was founded in 1999 and provides a full suite of IT management and technology consulting services for customers in central and northwest Arkansas, including engineering services, cloud & infrastructure and hardware & software. The company has industry-leading certifications in cloud applications and enablement, Microsoft 365, networking, cybersecurity and healthcare.

Kenny Kinley, president and chief executive officer of Edafio Technology Partners, said: "Being able to talk with the right investment partner at the right time involves a lot of connection points, and that's where working with Citizens made a big difference. The Citizens team listened to our goals and we were quickly connected with the right partner in a process that was well-thought-out and moved at a great pace."

Don Holbrook, managing director of Citizens, said: "Edafio has built one of the top regional MSP platforms in the southwest United States. Coupled with M/C Partners' track record of scaling regional MSPs, Edafio will continue to grow its presence in the southwest U.S. and become one of the dominant platforms in the market."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 130 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

# # #

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.