Holland & Knight Advised M|C Partners in Equity Investment in Steel Root and C3 Integrated Solutions
BOSTON (November 17, 2022) – Holland & Knight represented M|C Partners in its substantial equity investments in Virginia-based C3 Integrated Solutions and Massachusetts-based Steel Root, two information technology (IT) and cybersecurity leaders that specialize in securing the nation's defense industrial base (DIB).
C3, a full-service IT provider specializing in cloud-based solutions including Microsoft 365 GCC High, and Steel Root, a cybersecurity services provider specializing in Cybersecurity Maturity Model Certification (CMMC) compliance, merged in connection with the investment from M|C Partners and will operate under the C3 Integrated Solutions name. The combined company will provide defense contractors end-to-end managed services that streamline the technical and administrative burden of regulatory compliance, offering comprehensive DIB solutions anchored around a CMMC-centric managed services platform.
M|C Partners is a private equity firm focused on small and mid-size businesses in the digital infrastructure and technology services sectors. For more than three decades, the firm has invested $2.4 billion of capital in over 140 companies. M|C Partners is currently investing its eighth fund, partnering with promising companies and leadership teams to support, scale and improve operations and maximize value.
Holland & Knight Partner Rebecca Wilsker and Associates Tony Boswell and Matt Zawislinski led the firm's representation of M|C Partners. They were supported by Partners Daniel Barsky, Brandon Bloom, Erin Estevez, Elizabeth Schartz and Andrew Silvia, and Associates Catherine Barbaree, Ji Mao, Jackson Oliver and Douglas Sweeney.
More information about the transaction can be found here.