The managed services industry has undergone consistent transformation over the past decade, driven by evolving demands for digital infrastructure and the growing reliance of small and midsize enterprises on outsourced IT solutions. In this environment, funding strategies have become increasingly critical to determining which firms can expand, scale, and compete at the national level. For many managed service providers (MSPs), capital has become as essential as technological expertise. The way a company secures and applies financial backing often dictates its ability to innovate, acquire, and maintain competitiveness across a rapidly consolidating sector.
ITPartners+, a U.S.-based MSP headquartered in Grand Rapids, Michigan, exemplifies how financial strategy can shape a company’s growth trajectory. Founded in 2019 by Kevin Damghani, the company provides co-managed and fully managed IT solutions, cybersecurity services, and cloud-based systems to clients and partners across North America. Over just a few years, it expanded operations into 39 U.S. states and established offices in Michigan, Minnesota, New Jersey, Florida, North Carolina, and the Philippines. Its operational model reflects a trend seen among midmarket MSPs: leveraging both internal growth and strategic mergers and acquisitions to build regional and national networks.
In June 2025, ITPartners+ secured a 30 million dollar funding facility from New York–based Metropolitan Partners Group, a move that marked a turning point in its evolution from a regional provider to a more expansive national player. According to trade reports from CRN and Yahoo! Finance, the funding was structured to support a long-term mergers and acquisitions (M&A) plan focused on integrating smaller MSPs with compatible service models. The financing aligned with Damghani’s “high-growth blueprint,” allowing the company to accelerate its acquisition pace and strengthen its operational infrastructure to support scale.
Industry analysts have noted that M&A has become a dominant strategy for MSPs seeking to expand quickly while maintaining service diversity. A 2024 report by Allied Market Research estimated that the global managed services market would exceed $ 400 billion by 2027, reflecting growing demand for outsourced IT management across multiple sectors. For MSPs such as ITPartners+, this competitive climate has made access to capital a prerequisite for staying ahead. The 30-million-dollar facility provided by Metropolitan Partners Group positioned the company to pursue its stated goal of completing several acquisitions per year across North America.
In the years preceding the 2025 funding, ITPartners+ had already completed several notable mergers. The 2023 integration of Minnesota-based Netrix IT added a new Midwestern footprint and operational capabilities in co-managed IT services. In 2024, the merger with New Jersey’s Trinity Worldwide Technologies strengthened the company’s East Coast presence. The 2025 merger with Cloud Server Techs, a North Carolina-based provider, further expanded coverage in the southeastern United States. Together, these transactions represent a pattern of strategic scaling that the funding from Metropolitan Partners Group was designed to sustain and multiply.
Reports from CRN and ChannelE2E indicated that Damghani’s leadership approach emphasized maintaining a founder-led culture even amid rapid expansion. The company’s financing strategy reflected that same mindset: instead of pursuing traditional venture capital or private equity buyouts, it opted for a structured lending arrangement that allowed it to retain operational control while fueling growth. This choice differentiated ITPartners+ within a sector where many MSPs have turned to private equity as an exit strategy rather than a scaling tool.
Trade publications also noted that the company’s M&A activity had broader implications for market consolidation trends. The managed services industry has been characterized by thousands of small firms operating independently, often serving specific regions or industries. As these companies face rising security requirements, compliance costs, and increasingly complex technology, consolidation has become an attractive path for both acquirers and sellers. ITPartners+’s capital-backed approach mirrored those of national MSPs seeking to unify service standards while expanding geographic coverage.
Financial analysts often describe structured funding facilities like the one ITPartners+ received as hybrid capital solutions that provide flexibility for acquisitions while mitigating dilution for company founders. In this context, Metropolitan Partners Group’s involvement added credibility to the company’s long-term positioning. The group’s experience in funding growth-oriented firms in business services and technology provided an institutional framework that complemented ITPartners+’s operational strengths. Reports suggested that the funding would support multi-year M&A activity with the expectation of expanding service offerings, cybersecurity capabilities, and customer reach.
The company’s financial moves also occurred against a backdrop of consistent recognition from industry benchmarks. Between 2020 and 2025, ITPartners+ appeared multiple times on the Inc. 5000 list of fastest-growing private companies, and it was also a recurring inclusion in CRN’s Managed Service Provider 500 list, particularly in the Pioneer 250 category. These rankings offered external validation of the company’s sustained growth before and after the funding round, reinforcing the notion that capital investment was aimed at scaling a proven business model rather than reversing stagnation.
In addition to market expansion, ITPartners+’s financing strategy reflected the broader evolution of MSP economics. As businesses continue to adopt hybrid cloud systems, demand for 24/7 managed cybersecurity and remote IT management has risen sharply. The company’s decision to invest in M&A rather than rely solely on organic growth positioned it to respond to these changing market needs more quickly and with greater expertise. By integrating firms with existing client bases and technical teams, it could increase national reach without compromising service delivery.
ITPartners+ has become part of a growing segment of MSPs preparing for potential private equity partnerships or partial buy-ins. However, Damghani and his leadership team publicly emphasized the importance of maintaining operational independence while pursuing scale. This stance aligned with the company’s founder-led approach, which prioritizes cultural continuity and partner retention even during structural changes.
The 30-million-dollar facility from Metropolitan Partners Group marked more than a financial milestone. It served as a strategic instrument for navigating a market increasingly shaped by consolidation and access to capital. In a sector defined by rapid technological shifts and escalating cybersecurity challenges, financial adaptability has become just as critical as technical innovation. ITPartners+’s approach reflected a broader narrative within the managed services industry: that long-term success often depends on balancing investment with operational consistency.
As of late 2025, ITPartners+ stood positioned within a competitive field that continues to merge financial planning with technological execution. While the company’s future acquisitions and expansion plans remain closely watched by industry analysts, its funding and growth strategy have already placed it among the MSPs actively shaping the next phase of managed IT services in North America. In doing so, Kevin Damghani and his leadership team have demonstrated how financial structure and strategic foresight can define an MSP’s journey from regional provider to national contender.
Disclaimer: This article is for informational and editorial purposes only. It does not constitute financial, business, or investment advice. Any references to companies, funding, or industry developments are based on publicly available information and are presented solely as part of a broader discussion about trends in the managed services industry.
