Naperville, IL—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 Outsource IT Solutions Group (OSG). OSG is a leading provider of IT services to businesses in the Chicagoland area. The company will continue to operate independently under its existing leadership team.
“Don and Michael have built one of the leading managed services providers in the Chicagoland area” said Elliott Hyman, CEO of Lyra Technology Group. “We are excited to aid in OSG’s sustained growth as part of the Lyra Technology Group family. We have enjoyed working with Don and Michael since our first interaction and admire their deep commitment to their employees and clients.”
“When considering partnerships to accelerate OSG’s growth trajectory, it was important that there was a unified plan for the future of the business. Evergreen’s decentralized investment model and their commitment to preserving OSG’s culture and legacy set them apart as the clear choice to partner with to extend OSG’s success” said Don Sofolo, OSG’s Founder & President. Lyra selected OSG for investment due to their long track record of satisfying and retaining customers, operational maturity, and the unique capabilities they have developed in meeting the needs of underserved verticals. The company is headquartered in Naperville, IL and provides its services to thousands of users across the region.
This investment will empower the OSG management team to expand its customer base, double down on client satisfaction, and continue to build on its marketing strategy. “OSG is an exceptional company. Don and Michael have leveraged industry peer groups sponsored by Service Leadership and others to improve their business over time and the result of that work is evident in the business. We could not be more grateful that they chose us as their partner as OSG embarks on the next chapter of continued growth,” 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 Outsource IT Solutions Group
Outsource IT Solutions Group, Inc. is a full-service IT consulting, networking, and IT solutions firm serving customers in the Naperville, Aurora and Chicagoland area since 1998. We entered the market at the leading edge of modern networking and complex computer systems – and we’ve been there ever since. Our team of trained and certified technicians, engineers, and customer service representatives all work together to ensure that your needs are looked after at every level, from design and implementation to training and maintenance. For more information about OSG, visit www.osgusa.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