Magna5, a managed IT services provider focused on SMB and mid-market customers, has received a majority investment from AEA Investors’ Small Business Private Equity team. The deal included a significant reinvestment from Magna5’s management team, and financial terms were not disclosed. Magna5 said the partnership is designed to support continued scaling of its national platform while expanding cybersecurity, compliance, and AI-enabled capabilities.
Headquartered in Canonsburg, Pennsylvania, Magna5 provides 24/7 IT and network support, advanced cybersecurity monitoring, cloud hosting, and compliance-driven technology services to more than 1,700 customers across industries including healthcare, financial services, manufacturing, legal services, construction, and education, with an emphasis on regulated environments. The company noted it has been expanding its network of local support centers to serve clients nationwide and positions itself as a long-term technology partner helping customers keep systems resilient, secure, compliant, and optimized amid evolving digital and regulatory demands.
AEA framed the investment around accelerating demand for full-stack managed service providers as cybersecurity risk increases and compliance requirements tighten for SMBs. Under the new partnership, Magna5 will continue to be led by CEO Bob Farina and its existing leadership team. Chris Claudio, an AEA SBPE Executive Partner and former CEO of Logically, will join Magna5’s board, bringing operating experience in managed IT and cybersecurity as the company continues to scale. Magna5 pointed to recent momentum including nine acquisitions over the past several years, its CMMC Level 2 certification, and the launch of its Pentaguard security framework, and said it plans to build on that progress with AEA’s support.
KEY QUOTES
“Magna5 is operating at the heart of one of the fastest-growing segments of the IT services market, where heightened cybersecurity risk and increasing regulatory requirements are driving accelerating demand for trusted full-stack technology partners. Magna5 has a track record of consistently delivering industry-leading outsourced security and compliance solutions at scale for SMBs, positioning the Company exceptionally well to address this growing market need. We look forward to supporting Bob and the entire Magna5 team as they continue building a premier national platform.”
Dan Schorr, Partner, AEA SBPE Team, AEA Investors
“We are thrilled to partner with AEA as we enter the next phase of Magna5’s growth. We have significantly expanded our platform over the past several years – welcoming nine new companies into the Magna5 family, growing our national footprint, earning CMMC Level 2 certification, and launching our Pentaguard security framework, among other meaningful milestones. With AEA’s support, we are well positioned to build on that momentum, enhancing our security and compliance offerings, broadening our AI-enabled capabilities, and continuing to deliver the reliable, high-quality support our customers expect.”
Bob Farina, Chief Executive Officer, Magna5
