ServicePoint Invests in INNO4
ServicePoint Investment Supports the Continued Growth of INNO4
Pine Brook, NJ – November 21, 2023 – INNO4 LLC (“INNO4” or the “Company”), a leading nationwide technology integrator and solutions provider, announced a strategic investment by ServicePoint, a portfolio company of Mill Point Capital LLC (“Mill Point”).
INNO4 is focused on designing, installing and supporting custom technology solutions for large enterprise customers. The Company’s solutions include data infrastructure, audio visual, IT services and managed services, while its core focus is on mission-critical systems for sophisticated facilities and technology rollouts. Key end markets include e-commerce & retail, healthcare, real estate, technology and financial services, among others. The Company is headquartered in Boston, Massachusetts and operates throughout the United States.
With a talented management team, including Co-Founders Robert Feldman, Mark Rauch and Paul Manibusan, INNO4 will continue to build upon its strong track record of growth and reliable customer service. In addition, the INNO4 investment immediately expands ServicePoint’s geographical reach, service offering and ability to serve existing and new customers throughout the United States and Canada.
Jose Bernal, Chief Executive Officer of ServicePoint commented, “The INNO4 team has built an incredible business with a ‘customer-first’ approach and a culture of operational excellence. With the addition of INNO4 to the ServicePoint platform, we continue to add to our suite of services and execute our overall growth strategy.”
“We are excited to announce our partnership with both Mill Point and ServicePoint and look forward to embarking upon our next chapter of growth. This partnership creates a unique opportunity to capitalize on shared capabilities and resources, which will create tremendous value for our customers,” said Robert Feldman, Chief Executive Officer of INNO4.
“Robert and his team have built a special platform in INNO4. We look forward to partnering with the entire team to continue the Company’s track record of growth and world class service delivery. With this combination, ServicePoint will be one of the largest technology service businesses in North America,” added Jeff Leventhal, Mill Point Executive Partner and Executive Chairman of ServicePoint.
“We have been extremely impressed by the entire INNO4 team and the strong foundation they have built. We are excited to have management continue in their roles and look forward to executing on the numerous growth opportunities and strategic initiatives ahead,” said Brandon Sarno, Vice President at Mill Point.
About INNO4 LLC
Headquartered in Boston, MA, INNO4 is a leading technology integrator and solutions provider that focuses on data infrastructure, audio visual, IT services and managed services. Founded in 2010, INNO4 serves over 190 customers across various industries throughout the nation. For more information, please visit www.inno4llc.com.
About Mill Point Capital LLC
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the industrials, business services and IT services sectors. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.