Harvest Partners LP has announced the sale of Service Express, a provider of data center services, to the private equity firm Warburg Pincus. Service Express, based in Grand Rapids, Michigan, specialises in third-party, post-warranty maintenance and managed services for data centers, serving clients across six continents. The sale took place on August 15, though the companies did not disclose the terms of the deal.
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Service Express's Growth
Service Express offers services that maintain and extend the life of mission-critical data center equipment. With locations across the United States and Europe, Service Express serves end customers on six continents.
Harvest Partners said under its ownership since 2019, Service Express has significantly expanded its global reach through a combination of organic growth and acquisitions, including a major expansion into Europe. The company has also broadened its service offerings to include hybrid cloud solutions.
Strategic Move
"We are excited to partner with Warburg Pincus as we look to accelerate the growth of our business and meet the increasing demands of our client base," said Service Express. "We would like to thank Harvest Partners for their partnership over the past five years, helping us substantially grow our revenue and footprint through additional services and expansion across the US and into the UK."
"Service Express is an ideal fit within our portfolio as a scaled, best-in-class data center services platform within the growing market for mission-critical aftermarket services," said Warburg Pincus.
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Warburg Pincus
Warburg Pincus is an investor in commercial and technology services, with notable investments including Encora, Endurance International, eSentire, Evolution Data Centers, IONOS, Allied Universal, Aramark, Princeton Digital Group, and Service Logic, the official release said.
