Marks Another Successful Exit for MidOcean’s Business Services Vertical

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the sale of InterVision Systems, LLC (“InterVision” or the “Company”) to NWN Corporation (“NWN”). InterVision is a leading managed services provider helping mid-market, enterprise, and public sector organizations across the U.S. modernize and secure their IT operations. With deep expertise in cloud, AI, cybersecurity, and intelligent infrastructure, the Company delivers end-to-end solutions that drive innovation, resilience, and measurable business outcomes. Financial terms of the transaction were not disclosed.

With more than three decades of domain expertise, InterVision has become the trusted technology partner to over 1,000 enterprise and mid-market organizations. The Company delivers mission-critical solutions across IT infrastructure, networking, communications, and cybersecurity, backed by a consistent track record of enabling measurable outcomes. Its robust ecosystem of strategic partnerships—including Amazon Web Services, Microsoft Azure, Cisco, and Arctic Wolf—further enhances its ability to deliver tailored, best-in-class solutions at scale.

MidOcean executed a focused value creation strategy to build a scaled and diversified platform. During MidOcean’s ownership, InterVision transitioned into higher-margin, recurring-revenue services; completed targeted acquisitions to expand regional capabilities in the Mid-Atlantic, Southeast, and Northwest; and secured key enterprise relationships. These initiatives materially strengthened the Company’s growth trajectory and market positioning.

Elias Dokas, Managing Director at MidOcean, commented, “During our ownership of InterVision, the Company more than doubled its operating income as it expanded into new markets, broadened capabilities, and deepened customer relationships. We are proud of what the team has accomplished and grateful to Jonathan Lerner for his leadership, which enabled a successful collaboration.”

Joe Dentici, Vice President at MidOcean, added, “We identified a clear opportunity to create value through operational rigor and targeted scale. This exit reflects the power of disciplined execution and strong alignment between sponsor and management.”

Jonathan Lerner, CEO of InterVision, said, “It’s been a true pleasure working with MidOcean. Their strategic insight and operating support were instrumental in accelerating our growth. We’re excited to build on this momentum with NWN and continue delivering exceptional value to our clients.”

“We are thrilled to partner with the InterVision team and build on our momentum together in this next chapter,” said Jim Sullivan, President & CEO of NWN. “Integrating their innovative solutions into our AI-powered offerings platform will significantly accelerate our clients' digital transformation journeys, expand our footprint in the Midwest, and strengthen our presence in the Mid-Atlantic and Public Sector markets nationwide.”

Gibson, Dunn & Crutcher LLP served as legal advisor to MidOcean. Guggenheim Securities acted as lead financial advisor to InterVision, with Moelis & Company serving as co-advisor.

About MidOcean Partners

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. For more information, please visit: https://www.midoceanpartners.com.

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