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Pride Capital Partners backs management buyout of IT solutions provider

Private equity firm Pride Capital Partners closed the management buyout of BTC, alongside the IT solutions provider's management led by CEO Ray Kemp and CFO Frank Meerts.

BTC founders Dick Houtsma and Ronald Horn will remain minority shareholders in the company and are expected to join the advisory board in 2020.

BTC actively seeks strategic add-on acquisitions in a bid to support its strategy of merging IT and telecommunications.