Park Place Technologies
IT services and consulting
Year of Investment
2019
Sector(s)
Technology
Status
Current
Website
parkplacetechnologies.com(Link opens in new window)Headquarters
Cleveland, OH
Team
Park Place Technologies is a global data center and networking optimization firm, helping clients optimize data center budgets, productivity, performance and sustainability. From procurement to decommissioning, the company’s comprehensive portfolio of services and products helps companies optimize IT lifecycle management. The company has expertise across all major OEMs and supports more than 21,000 customers annually across the globe.
Investment Summary
Charlesbank tracked Park Place Technologies as an attractive investment opportunity for nearly two years. In 2019, we acquired a joint control interest in the company from GTCR, with whom we had developed a deep relationship over the years.