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Capitala Group invests in technical product support provider

Private equity firm Capitala Group made a growth strategy investment in Source Support Services Inc.

Under the agreement, Capitala and members of Source Support's senior management team acquired business from founder Mark Oldfield.

Capitala's Jack Vander Leeuw, Adam Richeson and Jack McGlinn will join Source Support's board of directors.

7 Mile Advisors LLC was strategic adviser to Source Support.

Source Support is a provider of outsourced technical product support services for equipment manufacturers in industries ranging from information to industrial automation technologies.