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  • Monday, December 30, 2024

One Equity Partners Acquires Majority Stake in Public Sector IT Vendor MEG

One Equity Partners has made a majority investment in Mythics Emergent Group.

Virginia Beach, Virginia-based MEG has been providing information technology platforms, cloud-based software offerings, hardware and software licenses and managed services to customers in the federal and state, local and education sectors since 2000, OEP said Wednesday.

MEG founders and senior executives will keep a minority stake in MEG.

Paul Seifert, CEO of MEG, said OEP’s expertise in the IT services sector and operational support will enable MEG to further improve its offerings while supporting government agency clients in their IT modernization efforts.

“We are excited to partner with the founders and management team of MEG to help accelerate the company’s growth and enable MEG to enhance its position with transformational acquisitions,” said Carlo Padovano, a managing director at OEP.

Padovano added that the private equity firm expects MEG to be a key participant in the public sector’s transition to next-generation tech platforms.

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