NewSpring Holdings Platform Company Magna5 Expands National Footprint, and Strengthens Managed IT Services Offerings Through the Acquisition of FullScope IT

<!DOCTYPE html> <html class="no-js" lang="en"> <head> <meta charset="utf-8" /> <meta http-equiv="x-ua-compatible" content="ie=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>NewSpring Holdings Platform Company Magna5 Expands National Footprint, and Strengthens Managed IT Services Offerings Through the Acquisition of FullScope IT - NewSpring Capital (en-US)</title> <link rel="home" href="https://newspringcapital.com/" /> <link rel="icon" href="/assets/img/favicon.png"> <script src="https://use.typekit.net/yvj1alm.js"></script> <script>try{Typekit.load({ async: true });}catch(e){}</script> <link href="https://fonts.googleapis.com/icon?family=Material+Icons" rel="stylesheet"> <link rel="stylesheet" href="/assets/css/app.css"> <script> if ((navigator.doNotTrack != "1" && 0) || !0) { window.addEventListener("load", function(){ window.cookieconsent.initialise({ "palette": { "popup": { "background": "#02549f", "text": "#ffffff", "link": "#ffffff" }, "button": { "background": "block" === "wire" ? "transparent" : "#ffffff", "text": "block" === "wire" ? "#ffffff" : "#4a4a4a", "border": "block" === "wire" ? "#ffffff" : undefined }, "highlight": { "background": "block" === "wire" ? "transparent" : "#02549f", "text": "block" === "wire" ? "#02549f" : "#ffffff", "border": "block" === "wire" ? "#02549f" : undefined } }, "position": "bottom" === "toppush" ? "top" : "bottom", "static": "bottom" === "toppush", "theme": "block", "type": "opt-out", "content": { "message": "This website uses cookies for analytics purposes to help us understand how our visitors interact with the website and improve the user experience. ", "dismiss": "Got it!", "link": "View our Cookie Policy.", "href": "/privacy", "allow":"Allow cookies", "deny":"Decline", "target":"_blank" }, "revokable":0 === 1 ? true : false, "dismissOnScroll":0 > 0 ? 0 : false, "dismissOnTimeout":0 > 0 ? (0 * 1000) : false, "cookie": { "expiryDays":365 !== 0 ? 365 : 365, "secure":0 === 1 ? true : false }, onInitialise: function (status) { var type = this.options.type; var didConsent = this.hasConsented(); if (type == "opt-in" && didConsent) { // enable cookies if (typeof optInCookiesConsented === "function") { optInCookiesConsented(); console.log("Opt in cookies consented"); } else { console.log("Opt in function not defined!"); } } if (type == "opt-out" && !didConsent) { // disable cookies if (typeof optOutCookiesNotConsented === "function") { optOutCookiesNotConsented(); console.log("Opt out cookies not consented"); } else { console.log("Opt out function not defined!"); } } }, onStatusChange: function(status, chosenBefore) { var type = this.options.type; var didConsent = this.hasConsented(); if (type == "opt-in" && didConsent) { // enable cookies if (typeof optInCookiesConsented === "function") { optInCookiesConsented(); console.log("Opt in cookies consented"); } else { console.log("Opt in function not defined!"); } } if (type == "opt-out" && !didConsent) { // disable cookies if (typeof optOutCookiesNotConsented === "function") { optOutCookiesNotConsented(); console.log("Opt out cookies not consented"); } else { console.log("Opt out function not defined!"); } } }, onRevokeChoice: function() { var type = this.options.type; if (type == "opt-in") { // disable cookies if (typeof optInCookiesRevoked === "function") { optInCookiesRevoked(); console.log("Opt in cookies revoked"); } else { console.log("Opt in revoked function not defined!"); } } if (type == "opt-out") { // enable cookies if (typeof optOutCookiesRevoked === "function") { optOutCookiesRevoked(); console.log("Opt out cookies revoked"); } else { console.log("Opt out revoked function not defined!"); } } } }); }); } else if (0) { // disable cookies if (typeof optOutCookiesNotConsented === "function") { optOutCookiesNotConsented(); console.log("Opt out cookies not consented"); } else { console.log("Opt out function not defined!"); } } </script><link href="https://newspringcapital.com/cpresources/dde3f89f/css/cookieconsent.min.css?v=1726634876" rel="stylesheet"></head> <body class="news"> <a id="top"></a> <nav id="top-nav"> <div class="grid-container" style="overflow: hidden;"> <div class="grid-x"> <div class="cell"> <div class="title-bar" data-responsive-toggle="main-menu" data-hide-for="large"> <a href="/" class="brand-logo"><img src="/assets/img/logo_newspring_color.png" alt="NewSpring"></a> <button class="menu-icon" type="button" data-toggle="main-menu" style="margin-right: 1rem;"></button> </div> <div class="top-bar stacked-for-medium align-top" id="main-menu" data-animate="slide-in-down slide-out-up"> <div class="top-bar-left show-for-large"> <a href="/" class="brand-logo" style="padding-top: 0.3rem; padding-bottom: 0;"><img src="/assets/img/logo_newspring_color.png" alt="NewSpring"></a> </div> <div class="top-bar-right"> <ul class="dropdown menu vertical large-horizontal" id="main-nav" data-responsive-menu="dropdown" data-close-on-click-inside="false"> <li> <a href="/about">Who we are<span class="navarrow"></span></a> <ul class="menu subnav vertical large-horizontal large-text-right"> <li><a href="/about">About NewSpring</a></li> <li><a href="/team">Our team</a></li> </ul> </li> <li> <a href="/approach">Our approach</a> </li> <li> <a href="/funds">Our strategies<span class="navarrow"></span></a> <ul class="menu subnav vertical large-horizontal large-text-right"> <li><a href="/funds">Overview</a></li> <li><a href="/funds/growth">Growth</a></li> <li><a href="/funds/healthcare">Healthcare</a></li> <li><a href="/funds/mezzanine">Mezzanine</a></li> <li><a href="/funds/holdings">Holdings</a></li> <li><a href="/funds/franchise">Franchise</a></li> </ul> </li> <li> <a href="/companies">Our companies</a> </li> <li> <a href="/news">News<span class="navarrow"></span></a> <ul class="menu subnav vertical large-horizontal large-text-right"> <li><a href="/news">News</a></li> <li><a href="/newsletter">Subscribe</a></li> </ul> </li> <li style="line-height: 0.3; margin: 0.4rem 0.6rem;"> <a href="https://newspringcapital.altareturn.com/" target="_blank" style="margin: 0; padding: 0; border-bottom: none;"><button class="button" style="padding: 0.4rem 1rem;">Investors</button></a> </li> <li id="searchlink"> <a class="light-blue"><i class="material-icons">search</i></a> <ul class="menu subnav"> <li> <div class="grid-container"> <div class="grid-x"> <form action="/searchresults" style="width: 100%;"><input type="search" name="q" placeholder="Search NewSpring..."><input type="submit" style="display: none"></form> </div> </div> </li> </ul> </li> </ul> </div> </div> </div> </div> </div> </nav> <section class="pagecontent"> <article class="newsarticle modular"> <div class="grid-container"> <div class="grid-x grid-margin-x align-top"> <div class="cell large-2"> <p class=""><a href="/news" class="black" style="font-size: 18px;"><i class="material-icons blue" style="margin-top: -3px;">arrow_back</i> Return to News</a></p> </div> <div class="cell medium-10 large-8"> <div class="grid-x grid-margin-x align-center"> <div class="cell small-12"> </div> </div> <div class="grid-x grid-margin-x align-center"> <div class="cell medium-10"> <p class="tags status">Transactions & News</p> <h1 class="title">NewSpring Holdings Platform Company Magna5 Expands National Footprint, and Strengthens Managed IT Services Offerings Through the Acquisition of FullScope IT</h1> </div> <div class="cell medium-10"> <div class="grid-x align-justify align-top"> <div class="cell medium-6"> <p class="postdate dark-gray">September 18, 2024</p> </div> <div class="cell medium-6"> <ul class="sociallinks horizontal menu align-right align-middle"> <li><a href="https://www.linkedin.com/shareArticle?mini=true&url=https://newspringcapital.com/news/2024/newspring-holdings-platform-company-magna5-expands-national-footprint-and-strengthens-managed-it-services-offerings-through-the-acquisition-of-fullscope-it&title=NewSpring Holdings Platform Company Magna5 Expands National Footprint, and Strengthens Managed IT Services Offerings Through the Acquisition of FullScope IT&summary=&source=" target="_blank"><i class="fa fa-linkedin white"><span class="show-for-sr">Share on LinkedIn</span></i></a></li> <li><a href="https://twitter.com/intent/tweet?text=https://newspringcapital.com/news/2024/newspring-holdings-platform-company-magna5-expands-national-footprint-and-strengthens-managed-it-services-offerings-through-the-acquisition-of-fullscope-it NewSpring Holdings Platform Company Magna5 Expands National Footprint, and Strengthens Managed IT Services Offerings Through the Acquisition of FullScope IT" target="_blank"><i class="fa fa-twitter white"><span class="show-for-sr"> Share on Twitter</span></i></a></li> <li><a href="mailto:?&subject=&body=https://newspringcapital.com/news/2024/newspring-holdings-platform-company-magna5-expands-national-footprint-and-strengthens-managed-it-services-offerings-through-the-acquisition-of-fullscope-it NewSpring Holdings Platform Company Magna5 Expands National Footprint, and Strengthens Managed IT Services Offerings Through the Acquisition of FullScope IT" target="_blank"><i class="fa fa-share white"><span class="show-for-sr">Share on Email</span></i></a></li> </ul> </div> </div> </div> </div> </div> </div> </div> <div class="grid-container"> <div class="grid-x grid-margin-x align-top"> <div class="cell medium-10 large-8 large-offset-2"> <div class="grid-x grid-margin-x align-center"> <div class="cell medium-10 maintext"> <p>NewSpring Holdings Platform Company Magna5, a leading provider of managed IT, cybersecurity, and cloud solutions for small to mid-sized businesses is pleased to announce its acquisition of FullScope IT (“FullScope”), a managed IT services business with a strong presence in the eastern and southwestern United States. This strategic acquisition will enhance Magna5’s ability to deliver comprehensive support and protection to its clients while expanding its reach across the United States.</p> <p>With the acquisition of FullScope, Magna5 will significantly increase its operational density in the northeast corridor from New York to Virginia, while also establishing an important foothold in the southwestern U.S. with FullScope’s Arizona operations and regional customer footprint from which to expand further. Integrating FullScope’s capabilities into Magna5’s portfolio will provide the ability to deliver even greater value to existing and future clients, who will benefit from a broader range of services and the robust infrastructure of a larger, more mature managed IT and cybersecurity services provider.</p> </div> </div> </div> </div> </div> <div class="grid-container"> <div class="grid-x grid-margin-x align-top"> <div class="cell medium-10 large-8 large-offset-2"> <div class="grid-x grid-margin-x align-center"> <div class="cell medium-10 maintext"> <div class="subscribe mobile"> <a href="/newsletter"> <h4>Get the latest NewSpring news</h4> <p><i class="material-icons blue">arrow_forward</i>Subscribe</p> </a> </div> </div> </div> </div> </div> </div> <div class="grid-container"> <div class="grid-x grid-margin-x align-top"> <div class="cell medium-10 large-8 large-offset-2"> <div class="grid-x grid-margin-x align-center"> <div class="cell medium-10 maintext"> <blockquote> “Acquiring FullScope is a significant milestone for Magna5 as we continue to outpace the industry with growth and expand our national presence. FullScope’s strong reputation, combined with their expertise in regulatory compliance, aligns perfectly with our mission to be a mission-critical partner to our clients by providing comprehensive IT and cybersecurity solutions to businesses in uptime-dependent industries. We are excited to welcome the FullScope team into the Magna5 family, working together to deliver unparalleled service to our clients, keeping their operations seamless and secure.” <footer>— Bob Farina, CEO of Magna5</footer> </blockquote> </div> </div> </div> </div> </div> <div class="grid-container"> <div class="grid-x grid-margin-x align-top"> <div class="cell medium-10 large-8 large-offset-2"> <div class="grid-x grid-margin-x align-center"> <div class="cell medium-10 maintext"> <p>FullScope has made significant investments working towards Cybersecurity Maturity Model Certification (CMMC) L2 compliance, a critical requirement for supporting cybersecurity efforts within the Defense Industrial Base (DIB) and the Department of Defense (DoD). This expertise will seamlessly integrate into Magna5’s security portfolio, further solidifying Magna5’s commitment to delivering cybersecurity solutions to the most mission-critical industries.</p> <p>Bob Priest, CEO of FullScope, expressed enthusiasm about the acquisition, stating, “We are thrilled to join forces with Magna5. Their strong reputation in the marketplace, expanding national coverage, and unwavering commitment to safeguarding customers’ data and security make this combination a perfect match. Our clients will continue to receive the same high-quality service they expect but with the added benefit of a larger, more resource-rich organization. Together, we will be able to offer an even greater level of protection and support to businesses across the country.”</p> <p>This acquisition follows Magna5’s award-winning year. The company has been recognized by national publications, including Inc. 5000 for robust growth and USA Today Top Workplace for outstanding culture, innovation, and leadership. Industry accolades include recognition by CRN for Elite MSP 500 and Tech Elite 250 and recognition from Channel Futures for the prestigious MSP 501 ranking. </p> <p><strong>About Magna5</strong></p> <p>Magna5, a NewSpring Holdings platform, provides <a href="https://www.magna5.com/managed-it-services/" target="_blank">managed IT services</a><strong>, </strong><a href="https://www.magna5.com/cybersecurity/" target="_blank">cybersecurity</a><strong>, </strong><a href="https://www.magna5.com/cloud-services/" target="_blank">private and public cloud hosting</a><strong>, </strong><a href="https://www.magna5.com/backup-and-recovery/">backup and disaster recovery</a>, and other advanced IT services to SMB, mid-market and enterprise customers, including leaders in education, healthcare, government, financial services, manufacturing, and other industry segments. Headquartered in Pittsburgh, PA, Magna5 has customers nationally. For more information, visit <a href="https://www.magna5.com/" target="_blank">www.magna5.com</a>. </p> <p><strong>About NewSpring Holdings</strong></p> <p>NewSpring Holdings, NewSpring's dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $3.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.</p> </div> </div> </div> </div> </div> </article> <section class="bg-gray news" style="padding-top: 2rem; overflow: hidden;"> <div class="grid-container"> <div class="grid-x align-center"> <div class="cell small-12 medium-8 large-6"> <h2 class="text-center" style="font-size: 16px; font-weight: bold; margin-bottom: 2rem;">Related Articles</h2> </div> </div> </div> <div class="grid-container oversized newslist" style="margin-bottom: 0;"> <div class="grid-x align-center"> <div class="cell small-12 large-10"> <div class="grid-x newsborder"> <div class="cell small-12 medium-6 newsitem business-services holdings "> <div class="header"> <p class="title">NewSpring Announces Acquisition of Radar Systems & Solutions Provider C Speed</p> <div class="excerpt">RADNOR, PA – October 8, 2024 - NewSpring ("the Firm"), a family of private equity strategies, today...</div> </div> <div class="indicia"> <p class="tags status">Transactions & News</p> <p class="date">October 08, 2024</p> </div> <a href="https://newspringcapital.com/news/2024/newspring-announces-acquisition-of-radar-systems-solutions-provider-c-speed" class="black"><span class="show-for-sr">Read more</span></a> </div> <div class="cell small-12 medium-6 newsitem holdings "> <div class="header"> <p class="title">Mission Solutions and the Impact on Federal Law Enforcement - Market Trends and Observations</p> <div class="excerpt">As the digital age progresses, crime has evolved alongside it, with cybercriminals leveraging...</div> </div> <div class="indicia"> <p class="tags status">PE Perspectives/White Papers</p> <p class="date">September 05, 2024</p> </div> <a href="https://newspringcapital.com/news/2024/mission-it-and-the-impact-on-law-enforcement-market-trends-and-observations" class="black"><span class="show-for-sr">Read more</span></a> </div> </div> </div> </div> </div> </section> <div class="subscribe widget"> <a href="/newsletter"> <h4>Get the latest <br />NewSpring news</h4> <p><i class="material-icons blue">arrow_forward</i>Subscribe</p> </a> </div> <script> (function() { document.addEventListener("DOMContentLoaded", function() { var articleElement = document.querySelector('article'); var subscribeWidget = document.querySelector('.subscribe.widget'); window.addEventListener('scroll', function() { if(window.innerWidth > 1024) { let boundingClientRect = articleElement.getBoundingClientRect(); if(-boundingClientRect.top > 0 && -boundingClientRect.top < (boundingClientRect.height - window.innerHeight) + 300) { subscribeWidget.classList.add('active'); }else{ subscribeWidget.classList.remove('active'); } }else{ subscribeWidget.classList.remove('active'); } }); }); })(); </script> <section class="cta newsletter"> <div class="grid-container"> <div class="grid-x grid-padding-x align-middle align-center"> <div class="cell large-9 align-middle"> <div class="contentwrap"> <h2 class="black">Get the latest news delivered to your inbox</h2> <p><a href="/newsletter" class="black"><i class="material-icons ">arrow_forward</i> Subscribe now</a></p> </div> </div> </div> </div> </section> </section> <footer class="bg-black"> <div class="grid-container" style="overflow: hidden;"> <div class="grid-x"> <div class="cell large-12"> <p><a href="/" class="brand-logo"><img src="/assets/img/logo_newspring_white.png" alt="NewSpring"></a></p> </div> </div> <div class="grid-x"> <div class="cell large-10"> <nav id="footer-nav"> <ul class="menu vertical large-horizontal"> <li> <a href="/about">Who we are</a> <ul class="menu subnav vertical">  <li><a href="/team">Our team</a></li> <li><a href="/careers">Careers</a></li> </ul> </li> <li> <a href="/approach">Our approach</a> </li> <li> <a href="/funds">Our strategies</a> <ul class="menu subnav vertical">  <li><a href="/funds/growth">Growth</a></li> <li><a href="/funds/healthcare">Healthcare</a></li> <li><a href="/funds/mezzanine">Mezzanine</a></li> <li><a href="/funds/holdings">Holdings</a></li> <li><a href="/funds/franchise">Franchise</a></li> </ul> </li> <li> <a href="/companies">Our companies</a> </li> <li> <a href="/news">News</a> <ul class="menu subnav vertical"> <li><a href="/newsletter">Subscribe</a></li> </ul> </li> </ul> </nav> </div> <div class="cell large-2"> <nav id="footer-nav-secondary"> <ul class="menu vertical"> <li><a href="/contact">Contact</a></li> <li><a href="/terms">Terms</a></li> <li><a href="/privacy">Privacy</a></li> </ul> <ul class="align-middle sociallinks horizontal menu"> <li><a href="https://www.twitter.com/NewSpring_PE" target="_blank"><i class="fa fa-twitter white"><span class="show-for-sr"> Twitter</span></i></a></li> <li><a href="https://www.linkedin.com/company/650292/" target="_blank"><i class="fa fa-linkedin white"><span class="show-for-sr"> LinkedIn</span></i></a></li> </ul> </nav> </div> </div> <div class="grid-x"> <div class="cell large-12"> <p class="small" style="margin-top: 1rem;">© 2024 NewSpring Capital</p> </div> </div> </div> </footer> <script src="/assets/js/app.js"></script>  <script async src="https://www.googletagmanager.com/gtag/js?id=G-7RGDG5QVL6"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-7RGDG5QVL6'); </script> <script src="https://newspringcapital.com/cpresources/dde3f89f/js/cookieconsent.min.js?v=1726634876"></script></body> </html>

CINXE.COM

NewSpring Holdings Platform Company Magna5 Expands National Footprint, and Strengthens Managed IT Services Offerings Through the Acquisition of FullScope IT - NewSpring Capital (en-US)