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New Charter Technologies
New Charter Technologies operates within the IT services sector, providing managed IT services, IT consulting, 24/7 IT support, IT outsourcing, managed cloud,...
New Charter Technologies
New Charter Technologies operates within the IT services sector, providing managed IT services, IT consulting, 24/7 IT support, IT outsourcing, managed cloud, and cybersecurity. The company serves sectors including healthcare, manufacturing, small and medium businesses, professional services, legal, government, and nonprofit organizations. New Charter Technologies was founded in 2018 and is based in Denver, Colorado.
General information
Firm type
Asset Manager
Year founded
2020
Location
Region
North America
Country
United States
City
Palo Alto
Corporate office
Palo Alto, CA, United States
Principals
Mitch Cline
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at New Charter Technologies?
Mitch Cline serves as CEO. He operates the platform in partnership with Oval Partners, a San Francisco-based private equity firm that provides acquisition capital.
What separates New Charter's model from other MSP aggregators?
The firm operates with patient equity from Oval Partners rather than a traditional blind-pool fund structure. Its acquisitions are full integrations into a shared operational platform, not passive roll-ups under a holding company with disconnected brands.
Which sectors does New Charter explicitly target?
The firm invests exclusively in the managed IT services sector, with a focus on companies offering cybersecurity, cloud infrastructure, and compliance capabilities to small- and medium-sized businesses.
What investment stages does New Charter typically target?
New Charter acquires majority stakes in profitable, established MSPs. It does not participate in seed, venture, or minority growth-stage investments.
Does New Charter fund passively or take an active operational role?
The holding company model is actively involved post-close. Portfolio MSPs adopt centralized cybersecurity, compliance, and cloud engineering resources while retaining local brand identity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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