New Charter Technologies

New Charter Technologies

New Charter Technologies was formed in 2020 as a holding company designed to acquire and operate regional managed service providers, or MSPs. Cline, previously the president of a large Bay Area MSP, structured the firm as a partnership between his operating expertise and the capital of Oval Partners, a San Francisco-based private equity firm. The group targets profitable MSPs with established local client relationships and brings them under a shared operational framework, aiming to preserve their brand equity while layering centralized cybersecurity, compliance, and cloud engineering resources on top. The firm deploys capital exclusively into the IT services sector, acquiring majority stakes in companies that typically serve small- and medium-sized businesses. Its portfolio spans three broad capabilities: managed IT, which covers day-to-day helpdesk and infrastructure monitoring; cybersecurity and compliance, including SOC 2 readiness and MDR services; and cloud consulting, from Microsoft 365 migrations to Azure virtual desktop deployments. The geographic footprint stretches from the West Coast through the Mountain West, with confirmed past investments including ActiveCo Technology Management in Vancouver and Intelligent Technical Solutions, which has offices in Nevada and Illinois. Privately held and disclosure-light, New Charter does not report aggregate assets under management or total deployment to date. Industry press notes that the firm has completed more than a handful of acquisitions since launch, with at least one transaction closed in a given calendar year. The holding company does not maintain a public roster of its full partner roster, nor does it appear to operate adjacent vehicles such as a credit fund or philanthropic foundation. As of the latest available reporting, the firm continues to evaluate add-on acquisitions for its existing platform companies, with a particular interest in MSPs that have recurring-revenue contracts and a footprint in underserved secondary markets. Structurally, New Charter sits at the intersection of a traditional private equity platform and an operating company — its acquisitions are not passive fund commitments but integrated roll-ups where post-close centralization is the stated thesis. The firm's model competes directly with other MSP aggregators backed by institutional capital, yet its Oval Partners relationship provides a single-family-office style of patient equity rather than a blind-pool fund structure with fixed deployment timelines.