CenterGate Capital has made an investment in Woodbridge, Ontario-based Soroc Technology, a provider of outsourced information technology services. No financial terms were disclosed. Soroc founder and CEO Rudy Cheddie will continue to lead the company and serve as chairman on its board of directors.
Woodbridge, ON (December 21, 2020) – CenterGate Capital (“CenterGate”), an Austin-based private equity investment firm, announced today that its affiliate has made an investment in Soroc Technology (“Soroc”), a leading provider of outsourced IT services throughout North America.
Established in 1981 and headquartered in Woodbridge, Ontario, Soroc serves a blue-chip customer base in the financial services, technology, and retail industries across North America. Customers rely on Soroc’s track record of quality IT services, including on-site and help desk support, procurement and deployment, professional services, recruiting, and business continuity and disaster recovery services. Founder and CEO Rudy Cheddie will continue to lead Soroc and serve as Chairman on its Board of Directors.
“We are excited about our partnership with CenterGate and what it means for our employees, customers, and vendors,” commented Cheddie. “CenterGate’s investment will provide us the capital and strategic resources to continue to grow our service offering while maintaining our focus on unparalleled customer service.”
Tim Liu, Managing Director at CenterGate Capital, added, “Rudy and the entire Soroc team have an impressive track record, and we look forward to working with the team to continue Soroc’s growth. Soroc has a reputation for the highest levels of customer service, which uniquely positions the company to be successful.”
About Soroc Technology
Soroc Technology is a full-service IT firm that provides end-to-end IT infrastructure lifecycle services, including on-site and help desk support, procurement and deployment, professional services, recruiting, and business continuity and disaster recovery services. Headquartered in Woodbridge, Ontario, Soroc serves as a leading outsourced IT services provider to customers throughout North America.
About CenterGate Capital
CenterGate Capital is a private equity firm focused on creating value for its stakeholders and investors by proactively partnering with management. CenterGate brings a balance of financial and operational experience and strategic insight to assist management in driving long-term sustainable growth in lower middle market companies. CenterGate focuses on investing in lower middle market companies with $20 to $250 million of revenue. For more information, please visit www.centergatecapital.com.