UK-based private equity tech advisory expands Crosslake’s global capabilities
Crosslake Technologies, a leader in data-driven technology advisory services for private equity firms and their portfolio companies, announced the acquisition of Intechnica, a technology firm specializing in due diligence, value creation and bespoke digital products and solutions. Headquartered in Manchester, England, Intechnica will accelerate Crosslake’s global growth strategy.
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“Our mission is to help investors and management teams create value by providing the most relevant technology expertise, data and tools,” said Crosslake CEO, Barr Blanton. “Intechnica has built a stellar team with a similar vision and complementary capabilities. In addition to their incredible track record as advisors, Intechnica is also uniquely positioned to leverage its digital labs and data science expertise to help companies t********** on some of the most common tech challenges uncovered during diligence, accelerating the development of products and solutions that create lasting impact.”
“Together, the combined teams of Crosslake and Intechnica will become a leader in Europe, building on each other’s strengths and accelerating value creation for clients,” said Intechnica’s founder, Jeremy Gidlow. “Crosslake’s experience, data and expertise – especially in the areas of cybersecurity, engineering and enterprise systems – complements our current offerings and allows us to more fully create impact for clients. At the same time, we’re also able to leverage Crosslake’s global reach to expand the impact of our bespoke digital labs and data science services.”
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Crosslake is backed by Charlotte-based private equity firm Falfurrias Capital Partners, and the acquisition of Intechnica marks Crosslake’s fourth strategic growth investment since 2020. Over the last two years, Crosslake has augmented its capabilities with proprietary, data-powered technology due diligence platforms and expanded its offerings in the areas of cybersecurity, enterprise systems, integrations and carveouts.
“With a clear vision and a strong leadership team, Crosslake continues to solidify its position as the preeminent tech advisory firm for private equity investors and their portfolio companies,” said Wilson Sullivan, partner with Falfurrias Capital Partners. “They have a history of success in expanding their solution suite through acquisition of firms that share their commitment to client service and technology thought leadership.”
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