CHARLOTTE – Crosslake Technologies has bought Intechnica, a technology firm headquartered in Manchester, England, in a move designed to accelerate the company’s global growth.
Crosslake announced the deal in a statement on Wednesday. The firm is backed by Charlotte-based Falfurrias Capital Partners, a private equity firm founded by former Bank of America CEO Hugh McColl and former Bank of American CFO Marc Oken.
“Crosslake continues to solidify its position as the preeminent tech advisory firm for private equity investors and their portfolio companies,” said Wilson Sullivan, partner with Falfurrias Capital Partners, in a statement. “They have a history of success in expanding their solution suite through acquisition of firms that share their commitment to client service and technology thought leadership.”
The purchase is Crosslake’s fourth since 2020, according to a company statement. Last January, the firm bought Renna Partners.
Barr Blanton, Crosslake’s CEO, said that the latest acquisition means that the firm will be “uniquely positioned to leverage its digital labs and data science expertise” as the company continues its growth trajectory.
Falfurrias Capital Partners closed a fundraise of $850 million in September 2021. Prior reports state that Falfurrias acquired Crosslake in December 2020.
Financial terms of the deal between Crosslake and Intechnica were not disclosed.