M/C Partners
- Company typePrivate
- Founded1986
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What M/C Partners does
M/C Partners is a Boston-based private equity firm founded in 1986 that specializes in growth and control investments in the digital infrastructure and technology services sectors. The firm applies a thesis-driven approach to identify lower mid-market businesses — typically service-oriented rather than software or hardware — that provide mission-critical offerings in markets supported by durable secular tailwinds such as increasing data consumption and technology outsourcing. It targets individual investments of $10 million to $75 million and, over nearly four decades, has completed more than 150 investments across its eight institutional funds, accumulating roughly $3 billion in total capital raised.
The firm generates revenue through two primary streams: recurring management fees on committed or invested capital across its funds, and performance-based carried interest from successful portfolio company exits. M/C Partners sources deals primarily through direct outreach to founders and management teams, augmented by industry networks, conference relationships, and thought leadership content distributed via its website, Medium, and LinkedIn channels. Its portfolio spans managed services (Thrive, Ascend Technologies, Carbon60, Edafio), cybersecurity (Arcova/MorganFranklin Cyber, Consortium Networks, C3 Integrated Solutions), communications and fiber (Celito, QOS Networks, Everstream, Zentro/BAI Connect), Oracle ERP services (Denovo, DAS42), and adjacent technology-services businesses (i4cp, AccessParks).
The investment team is led by four Managing Partners — Gillis Cashman, Brian Clark, Travis Keller (promoted January 2023), and Ryan Carr (promoted June 2026) — supported by Partners including Julia Senior and Abhishek Rampuria, Vice President Arvind Viswanathan, and CFO/CCO Edward J. Keefe. Notable recent exits include the sale of Thrive to Berkshire Partners and Court Square Capital (January 2025), Involta to Carlyle (December 2021), and QOS Networks to Zayo (January 2022); notable recent platform investments include MorganFranklin Cyber/Arcova (January 2025), Celito (May 2023), Zentro/BAI Connect (August 2025), and i4cp (April 2025). The firm operates under the legal entity TAC Partners, Inc. and is headquartered at 53 State Street, 26th Floor, Boston, MA 02109.
M/C Partners firmographics
Firmographics- Name
- M/C Partners
- Legal name
- TAC Partners, Inc.
- Website
- http://mcpartners.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
M/C Partners industry classification
Industry- Product category
- Private Equity Investment Services
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Telecom, Networking & Infrastructure Growth Equity (FSANACAJ)
- akta.pro secondary industries
- Business Services (B2B) Growth Equity (FSANACAD), Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where M/C Partners is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
M/C Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Management Fees: Private equity firms typically charge management fees on committed capital to cover fund operations and investment sourcing.
- Carried Interest: Performance-based carried interest from successful portfolio company exits and realizations.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
M/C Partners product offering
Product offeringCore offering
M/C Partners is a thesis-driven private equity firm that invests growth equity of $10 million to $75 million per transaction in lower mid-market businesses providing mission-critical digital infrastructure and technology services. The firm raises capital from institutional limited partners through successive funds (currently Fund VIII at a $350 million hard cap) and partners with company founders and management teams to scale operations, providing capital, network access, board-level engagement, and operational support through the investment period.
Product overview
M/C Partners operates as a private equity firm specializing in digital infrastructure and technology services investments. The firm applies a thesis-driven approach to identify investment opportunities in lower mid-market businesses that provide mission-critical services. Their investment strategy focuses on businesses benefiting from durable tailwinds such as increasing data consumption and technology outsourcing. The firm has invested over $2.5 billion in more than 150 companies over nearly four decades, currently investing from its eighth fund.
Differentiator
Problem solved
Functional benefit
Products and services
- M/C Partners Private Equity Investment Services
Quantifiable outcome
- 150+ successful investments over 39 years
- +2 more outcomes
Companies that use M/C Partners
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles2 records
M/C Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
M/C Partners partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and minor.
- Zentro and BAI ConnectcoreZentro and BAI Connect merged to create a leading multifamily ISP. M/C Partners portfolio company consolidation.
- MorganFranklin ConsultingcoreM/C Partners backed the management buyout of MorganFranklin Consulting's cybersecurity practice, which became MorganFranklin Cyber (now Arcova) as a standalone firm. M/C Partners holds majority ownership.
- CelitocorePortfolio company - communications and managed services provider based in Raleigh, North Carolina. M/C Partners made significant growth investment to support fiber network expansion.
- MorganFranklin Cyber / ArcovacorePortfolio company backed by M/C Partners with majority ownership. Arcova (formerly MorganFranklin Cyber) is a cybersecurity advisory and managed services firm headquartered in Charlotte, NC with 12 additional offices globally.
- C3 Integrated SolutionscorePortfolio company providing compliance-focused managed services for the Defense Industrial Base. M/C Partners made substantial equity investment supporting the merger with Steel Root.
- DenovocorePortfolio company - full-service Oracle ERP implementation, hosting, cloud computing, and managed services firm headquartered in Louisville, Colorado.
- Consortium NetworkscorePortfolio company offering CrowdStrike-centric security platform complemented by integrated point solutions for cybersecurity fragmentation challenges.
- AccessParksminorPortfolio company in the digital infrastructure and technology services ecosystem.
- i4cpminorPortfolio company focused on technology services; received strategic investment from M/C Partners in April 2025.
- ZentrocorePortfolio company - largest MDU-focused ISP in the Midwest serving 65,000+ subscribers, formed from merger of Everywhere Wireless and SilverIP. M/C Partners was lead investor.
- Edafio Technology PartnerscorePortfolio company - Arkansas' largest IT managed services provider with offices in Little Rock, Conway, and Rogers. M/C Partners made strategic investment for growth and regional expansion.
- Thrive NetworkscoreMajor portfolio company - premier provider of Cybersecurity and Digital Transformation Managed Services. M/C Partners supported multiple acquisitions and growth initiatives before successful exit to Berkshire Partners.
- EverstreamcoreFormer portfolio company - super-regional network provider. Investment recognized as Telecommunication Deal of the Year. Sold to AMP Capital in 2019.
- InvoltacoreFormer portfolio company - award-winning hybrid IT and cloud-forward consulting firm. Sold to Carlyle Group in late 2021.
- Carbon60 NetworkscorePortfolio company - managed cloud hosting service provider. M/C Partners supported acquisitions including OpsGuru to expand digital transformation capabilities.
- Ascend TechnologiescorePortfolio company - Midwest IT solution provider. M/C Partners supported multiple acquisitions since 2019 to build a leading regional MSP.
Scale indicators6 records
Recent moves1 record
Expansion highlights5 records
M/C Partners competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
M/C Partners social profiles
Digital presenceM/C Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
M/C Partners leadership team
Management profileNumber of profiles
Profiles9 records
M/C Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
M/C Partners M&A and investment
M&A and investmentM&A12 records
Investments54 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about M/C Partners
What does M/C Partners do?
M/C Partners is a thesis-driven private equity firm that invests growth equity of $10 million to $75 million per transaction in lower mid-market businesses providing mission-critical digital infrastructure and technology services. The firm raises capital from institutional limited partners through successive funds (currently Fund VIII at a $350 million hard cap) and partners with company founders and management teams to scale operations, providing capital, network access, board-level engagement, and operational support through the investment period.
Is M/C Partners a public or private company?
M/C Partners is a private company. It is classified as management employee owned and is currently operating.
When was M/C Partners founded?
M/C Partners was founded in 1986. It employs 11 to 50 people.
Where is M/C Partners based?
M/C Partners is headquartered in Boston, United States, in the North America region.
How does M/C Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Does M/C Partners have an API?
No public API is recorded for M/C Partners.
What industry is M/C Partners in?
M/C Partners's product category is Private Equity Investment Services. Its primary akta.pro industry code is FSANACAJ, Telecom, Networking & Infrastructure Growth Equity, with a secondary code of FSANACAD, Business Services (B2B) Growth Equity. Its NAICS code is 523940 and its SIC code is 6282.