Quest Technology Management of Roseville has received private equity investment from BBH Capital Partners of New York.
The investment will be used to expand Quest’s team and to grow the company, which offers outsourced technology management, support and cybersecurity.
“I am excited to partner with the BBHCP team as we continue to grow Quest. BBHCP’s reputation and experience working with founders and family-owned businesses was exactly what I was looking for when I began thinking about bringing on a partner,” said Quest founder Tim Burke, in a news release. “I am confident this relationship will help Quest further support and grow with our customers while also creating opportunities for our team.”
The companies are not releasing the value of the investment.
BBH is currently investing through two funds, BBH Capital Partners VI LP and CP Opportunities Fund LP. The first fund makes investments between $40 million and $150 million, and the second fund makes investments up to $30 million. BBH didn’t respond to inquiries about which fund made the investment.
“The increase in cybersecurity threats, the expanded complexity of IT ecosystems, and the challenges hiring and retaining IT talent create long term tailwinds for high quality outsourced IT services providers like Quest. We look forward to working closely with Tim and Quest’s management team on their next chapter,” said Matthew Salsbury, principal of BBH, in a news release.
Quest is a 40-year-old firm that started out as an outside sales operation for computer systems and supplies, and it has evolved with customer requests to offering cloud services, network and server management, security services and disaster recovery.
Last year, Quest Technology acquired Fore A Partners of Folsom. Both companies offer businesses hardware and software consulting, acquisition and operations.
BBH said Quest Technology is one of the largest founder-owned outsourced information technology service providers in the U.S. with thousands of middle-market customers across a range of end markets, including health care, education, aerospace, defense, finance and telecommunications industries.
BBH is the private equity division of New York-based private banking company Brown Brothers Harriman & Co.
“Tim and his management team have an incredible track record and we are thrilled they have chosen BBHCP as their partner,” said Brad Langer, managing director of BBH and co-manager of BBHCP, in a news release.
