Agellus Capital Unites CompassMSP and BlackPoint IT Services to Create a Scaled, Market-Leading IT and Cybersecurity Managed Services Platform

Agellus Capital Unites CompassMSP and BlackPoint IT Services to Create a Scaled, Market-Leading IT and Cybersecurity Managed Services Platform

CompassMSP:
Stephanie Broyles
Chief Marketing Officer, CompassMSP
marketing@compassmsp.com

Agellus:
Jeremy Milner
BackBay Communications
jeremy.milner@backbaycommunications.com

Agellus Capital is accelerating its growth in the IT services industry with the acquisition of CompassMSP, LLC (“CompassMSP”) further strengthening its platform investment as a leading force in managed IT and cybersecurity solutions. Following its acquisition of BlackPoint IT Services (“BlackPoint”) in September 2024, this latest investment expands Agellus’ vision of building a nationwide, best-in-class Managed IT Services (MSP) and Managed Security Services (MSSP) platform.

CompassMSP will combine with BlackPoint, creating a robust, multi-regional platform to deliver unparalleled value to customers and the market. This strategic combination aligns with CompassMSP’s long-term vision of becoming a national IT and cybersecurity managed services leader.

CompassMSP, headquartered in West Hartford, CT, serves small and mid-sized enterprises in the Midwest and Eastern U.S., offering a comprehensive suite of IT and cybersecurity solutions, including managed services, network monitoring, compliance, and cloud solutions.

BlackPoint, based in Seattle, WA, expands the platform’s strong presence in the Pacific Northwest and Mountain region with its service excellence.

The integration of CompassMSP and BlackPoint brings together complementary expertise and capabilities, enabling the combined organization to deliver enhanced IT and cybersecurity solutions to a broader customer base. The shared commitment to innovation, reliability, and service excellence ensures clients receive industry-leading support to meet their evolving technology needs.

“By joining forces with BlackPoint and Agellus, we will harness our combined strengths in people and technology to deliver even greater value to our clients and the market,” said Ari Santiago, CEO of CompassMSP, who will lead the combined platform. “The remarkable growth of CompassMSP since 2016 has been driven by the dedication of our Navigators, the loyalty of our clients, and the support of our suppliers and capital providers in particular Webster Bank and Route 2 Capital Partners. This newly united platform reflects the shared vision of CompassMSP and BlackPoint to provide cutting-edge IT and cybersecurity solutions, empowering businesses to securely thrive in today’s rapidly evolving digital landscape.”

James Watson, CEO of BlackPoint, added, “Joining forces with CompassMSP allows us to amplify our expertise and provide an unmatched range of services to our customers. The collaboration between our teams will drive growth and innovation while positioning us as a leader in the industry.”

Beau Thomas, Co-Founder and Managing Partner at Agellus Capital, emphasized, “Our investment in CompassMSP and BlackPoint creates a powerful platform for growth and value creation. With a strong leadership team and complementary capabilities, we’re excited to accelerate acquisitions, enhance and invest in talent and infrastructure, and deliver best-in-class solutions to customers nationwide.”

Terms of the transaction were not disclosed. Fredrikson & Byron P.A. served as legal counsel to Agellus Capital. Houlihan Lokey served as financial advisor to CompassMSP, with Shulman Rogers providing legal counsel.

About CompassMSP

CompassMSP delivers best-in-class IT and cybersecurity services solutions to small and mid-sized businesses across the Eastern US. Founded in 2016, Compass is a leading provider of Cloud, Security, Compliance and Managed IT infrastructure services. With over 200 employees serving seven states and counting, Compass has the expertise, scale, and resources to solve the diverse technology challenges of its growing customer base. To learn more, visit compassmsp.com.

About BlackPoint IT Services

BlackPoint simplifies IT for its clients by aligning its services and technology expertise with its customers' business objectives to deliver best-in-class solutions. Founded in 1977, BlackPoint is now a leading provider of Cloud, Security, and Managed IT infrastructure services in the Pacific Northwest and Mountain West. A business built on ethics and personal touch, BlackPoint is steadfastly committed to giving back to its clients and its community. To learn more, visit blackpoint-it.com.

About Agellus Capital

Founded in 2024 and based in Clayton, Missouri, Agellus partners with founders, families, and management teams to drive transformational growth in non-discretionary, essential services businesses in the United States and Canada. Agellus targets platforms of $2 million to $20 million of EBITDA in large, fragmented markets and aims to be the partner of choice in the middle market for its portfolio companies, investors, and people. For more information, visit agellus.com.