SALT LAKE CITY — Nexus IT, a prominent Managed Services and Cybersecurity provider, has announced a significant $60 million capital commitment from Metropolitan Partners Group in collaboration with Diatonic Healthcare.
This investment is aimed at accelerating Nexus IT’s nationwide growth strategy and is particularly focused on acquiring managed service providers (MSPs) that align with its vision of exceptional client service and operational excellence in highly regulated sectors such as healthcare, finance, and legal.
The capital commitment represents a key milestone for Nexus IT as it embarks on its ambitious goal of establishing a next-generation mergers and acquisitions (M&A) platform.
Unlike traditional investor rollups that often prioritize rapid scale, Nexus IT is dedicated to a founder-led and mission-aligned model that emphasizes long-term value creation and cultural compatibility.
“The capital from Metropolitan Partners Group enables us to grow with intention—not just faster, but better,” said Earl Foote, Founder and CEO of Nexus IT.
He added, “We’re not chasing volume. We’re building a platform rooted in shared values, leadership continuity, and a belief in our Mission that the IT experience should be as exceptional as the technology itself.”
Metropolitan Partners Group offers not only financial support but also extensive operational expertise.
Their commitment to strategic alignment and values-driven growth makes them an ideal partner as Nexus IT expands its M&A strategies while maintaining the cultural identity and leadership integrity of the companies it acquires.
Richard Lin, Managing Director at Metropolitan Partners Group, commented on this collaboration: “We are excited to partner with Earl and his team at Nexus to grow a market leading MSP.
Nexus has created a scalable platform for multiple acquisitions, and we are impressed with the company’s focus on purposeful growth and track record of success.
It is exactly the type of founder owned and operated business that Metropolitan seeks to fund.”
In the pursuit of sustainable growth in the IT services industry, Nexus IT aims to create a new model where people, performance, and purpose guide each decision.
The company plans to utilize the investment to further acquire and integrate MSPs that are characterized by strong client and employee relationships, industry expertise, and a commitment to service excellence.
With several acquisition deals already in the works, Nexus IT expects significant expansion of its footprint across the United States over the next three years.
Nexus IT, founded in 1998, is a national provider of Managed Services and Cybersecurity, known for delivering world-class IT support, strategy, and security solutions to clients in compliance-driven industries.
With a reputation built on exceptional service and a people-first culture, Nexus IT is dedicated to fostering secure and resilient technology environments for its clients.
Metropolitan Partners Group, established in 2008, is a private investment firm that provides growth capital to non-sponsored businesses in the domestic lower middle market.
The firm has a track record of deploying over $3.1 billion across more than 160 transactions in various sectors, focusing on building lasting value while protecting its investors from downside risk.
For more information, visit www.metpg.com.
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