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Newport Beach-based private equity firm L Squared Capital Partners said today its portfolio company, Netrio, has acquired Agio, a New York City-based managed IT and cybersecurity services provider.
The transaction represents a strategic step in Texas-based Netrio’s plan to build a scalable, tech-enabled managed services platform with specialized capabilities across targeted industry verticals, according to L Squared.
“Agio is a high-quality business that aligns directly with our investment thesis—partnering with companies that bring industry depth, recurring revenue, and differentiated technology,” said Sean Barrette, Netrio Board Member and Managing Partner at L Squared in a statement today.