Ashland's ASH IP Invests in TekStream to Boost Digital Resiliency Services
- ASH Investment Partners invests in TekStream Solutions to enhance digital resiliency amid rising cyber threats.
- The collaboration aims to expand TekStream's services and operational effectiveness in digital security.
- ASH IP's investment aligns with its mission to deliver tailored digital solutions for modern infrastructure needs.
ASH Investment Partners Invests in TekStream Solutions to Enhance Digital Resiliency
ASH Investment Partners, LLC (ASH IP), a private equity firm located in Atlanta, announces its strategic investment in TekStream Solutions, LLC, a managed services provider known for its focus on digital resiliency services. Established in 2011, TekStream serves nearly 200 active customers across commercial and government sectors, offering a range of services that include cloud migration, managed detection and response (MDR), Security Operations Center (SOC) services, and workforce consulting. This investment is part of ASH IP's broader strategy to capitalize on the increasing demand for robust digital solutions amid escalating cyber threats, emphasizing the need for organizations to fortify their digital infrastructures.
Rob Jansen, TekStream's CEO and co-founder, expresses optimism regarding this partnership, highlighting the shared vision between TekStream and ASH IP for fostering growth and empowering both clients and employees. The collaboration aims to amplify TekStream's existing capabilities, enabling the firm to better address the evolving complexities of digital security and resilience. Jansen's commentary underscores a commitment to not only expanding TekStream's service offerings but also enhancing its operational effectiveness in a market increasingly characterized by sophisticated cyber challenges.
Andy Heyman, Managing Partner at ASH IP, reiterates the importance of TekStream's value-driven approach, which aligns seamlessly with ASH IP's mission to deliver tailored digital solutions. The investment, marking ASH IP's third platform investment from its $150 million digital services fund closed in 2023, highlights a strategic effort to bridge the gap between client demands for specialized digital services and the availability of skilled engineering teams. This partnership is poised to support TekStream's growth trajectory, ensuring it remains well-equipped to assist organizations in modernizing and securing their digital frameworks.
In addition to enhancing TekStream's service capabilities, this investment reflects a growing trend among private equity firms to engage with companies that prioritize digital resiliency. As cyber threats become increasingly sophisticated, the emphasis on secure and modernized infrastructures is paramount for organizations across various sectors. The collaboration between ASH IP and TekStream positions both entities to play a crucial role in addressing these pressing digital challenges.
Legal representation for the transaction is provided by Nelson Mullins for ASH IP and Reed Smith for TekStream, ensuring a smooth and compliant investment process. This partnership not only strengthens TekStream's operational foundation but also reinforces ASH IP's commitment to supporting the growth of innovative companies in the digital services landscape.