Fort Point Capital has sold Strata Information Group (SIG) to Ridgemont Equity Partners.
Strata Information Group (SIG) provides specialized IT services to colleges and universities, focusing on ERP, CRM, cybersecurity, software implementation, cloud migration, and ongoing IT support.
During Fort Point's ownership, SIG expanded its service capabilities through three add-on acquisitions, nearly doubling revenues and increasing EBITDA.
Ridgemont Equity Partners plans to accelerate SIG's growth in the higher education sector and support strategic acquisitions.