New Era Technology Inc. received an undisclosed amount of investment from Sentinel Capital Partners LLC.
New Era's management team and existing backer Gemini Investors LLC partnered with Sentinel on the recapitalization. Sentinel and Gemini both specialize in lower-middle-market investments.
New Era provides collaboration, data networking and security and other IT solutions to customers in the U.S., U.K., New Zealand and Australia. It caters to healthcare, education, corporate, government, financial services and other end markets.
New Era CEO Joe Ewart said the new partnership with Sentinel should help his company advance its acquisition strategy to complement its organic growth.
Varagon Capital Partners is the administrative agent on a senior secured credit facility to support the recapitalization.
