Lyra Technology Group, an Evergreen Services Group Company, Announces an Investment in Network Doctor LLC.
Englewood Cliffs, NJ—Lyra Technology Group, a family of leading managed IT services providers backed by Evergreen Services Group, announced today that it has made an investment in Network Doctor LLC. Network Doctor is a leading provider of IT consulting, management, and support services to businesses in North America. The company will continue to operate independently under its existing leadership team.
“We have known Paul and David for several years and have watched them continue to build Network Doctor into one of the nation’s leading MSPs. We could not be more grateful for the trust that they have put in us to be their partner in the continued success of Network Doctor and their team” said Elliott Hyman, CEO of Lyra Technology Group. “We are excited to support Network Doctor’s sustained growth as part of the Lyra Technology Group family.”
“We had a great experience working with the Lyra and Evergreen team during the deal process. They clearly had a deep understanding and the experience to navigate a complex transaction. We ultimately selected Lyra because we were attracted to their ‘business as usual’ strategy. They recognize the businesses they invest in are good at what we do and they allow us to continue to grow.” said David Birk, Co-Founder & Partner of Network Doctor.
“We wanted to continue to run our business and not have to worry about changes in our culture which Evergreen and Lyra completely understood. Their team did a great job of spelling everything out upfront and made the deal process simple for us. It’s really a win-win for our business – we are now a part of a national managed services provider in Lyra, but we didn’t have to go through a painful integration process.” said Paul Hilbert, Co-Founder & Partner of Network Doctor.
Lyra selected Network Doctor for investment due to their long track record of delivering quality work to customers, operational maturity, exceptional team, and the unique capabilities they have developed in meeting the needs of dynamic organizations. The company is headquartered in Englewood Cliffs, New Jersey and provides its services to clients across North America.
This investment will empower the Network Doctor management team to expand its customer base, double down on client satisfaction, and continue to build on its growth strategy. “Network Doctor is poised to become one of a very small number of MSPs in North America growing consistently at scale. We’re looking forward to supporting them in that endeavor,” added Elliott Hyman.
Lyra continues to actively invest in leading managed services providers throughout the United States and Canada, where it can serve as a long-term capital partner and support future growth.
About Network Doctor LLC.
Established in 2003, Network Doctor is an all-in-one IT consulting, management, and support specialist providing complete solutions to clients across the Northeastern United States and North America. We offer all-inclusive support agreements at a fixed monthly cost and project-based services and take a proactive approach with 24-hour monitoring, remote Help Desk services, and onsite support. Our goal is to partner with clients to maximize the speed and reliability of your network and make internal processes more efficient while maximizing employee productivity. For more information about Network Doctor, visit www.networkdr.com
About Lyra Technology Group
Lyra Technology Group is a family of industry leading technology service businesses. Our companies are operated independently by exceptional management teams. Lyra is a constellation that includes some of the brightest stars in the northern hemisphere. Like stars in a constellation, we partner with companies that shine on their own and come together to form something even greater. Companies that join our group retain the employees, name, and culture that have made them successful. As a platform of Evergreen Services Group, we never divest from the businesses we partner with and approach every decision with the goal of driving sustainable and healthy growth over the long term. For more Lyra Services Group news and information, visit www.lyratechgroup.com.
About Evergreen Services Group
Evergreen Services Group is a holding company of leading service companies. Owners and founders of service businesses trust Evergreen to help them achieve their long-term goals and to steward their legacy. Evergreen differentiates itself by providing a permanent home for founder-led businesses that care deeply about their customers and employees. For more Evergreen Services Group news and information, visit www.evergreensg.com
Lyra Technology Group
Elliott Hyman, 724-325-2900 x181
Evergreen Services Group
Ramsey Sahyoun, 415-591-1318
Head of M&A