BIRMINGHAM, AL. (December 3, 2024) – Founders is pleased to announce the sale of ThreatAdvice, a leading MSSP and provider of vCISO and Cybersecurity services, to Magna5, a portfolio company of NewSpring Holdings. ThreatAdvice was exclusively advised by principals of Founders Advisors, LLC (“Founders”) in this successful transaction.

Founded in 2017 and led by FinTech veterans David Brasfield, Russell Taylor, and Chris Sherman, ThreatAdvice provides comprehensive cybersecurity solutions for its clients, including managed security services (MSSP), Virtual Chief Information Security Officer solutions, and an innovative cybersecurity education software platform.  Serving financial institutions and numerous other end-markets, the acquisition will enable ThreatAdvice to continue to protect its customers from the ever-increasing risk of breaches and help them navigate complex security challenges.

The acquisition will expand Magna5’s growing footprint, adding strong local presence in the Southeast U.S. Headquartered in Pittsburgh, the addition of ThreatAdvice’s local operations in Birmingham and Mobile, AL, and Atlanta, GA, creates a footprint for Magna5 that extends along the entire Eastern Seaboard.

“ThreatAdvice’s reputation in the Georgia and Alabama markets and the depth of its cybersecurity expertise perfectly align with Magna5’s vision to build a highly resilient and geographically expansive managed security and IT services organization,” said Robert Farina, CEO of Magna5. “Their approach to managed security involves a customer-focused methodology that complements Magna5’s commitment to its clients.  Together, we are poised to lead the market in delivering security solutions that help clients reduce risk, streamline security programs, and focus on essential priorities to safeguard their companies.”

Russell Taylor, President of ThreatAdvice, expressed enthusiasm for the acquisition by Magna5, saying, “The combination of ThreatAdvice and Magna5 provides clients a broader suite of services, including 24×7 security protection and monitoring, backed by Magna5’s comprehensive managed IT services offerings. Together, the companies can deliver seamless, tailored security solutions that integrate deeply with clients’ operations and help them achieve their business goals.”

Chris Weingartner, Head of Founders’ Tech & Business Services Group, said, “It was great to work with the ThreatAdvice team and bring together a partnership of two industry leaders, both of whose primary focus is on serving customers. Having worked with many of the principals at ThreatAdvice on an earlier transaction, we value the continued relationship and trust they put in Founders to help them navigate the fragmented and consolidating IT Services M&A landscape.”

To view the full transaction announcement, please visit: Magna5 expands managed security services and geographic footprint with strategic acquisition of ThreatAdvice.

About Magna5

Magna5, a NewSpring Holdings platform, provides managed IT services, cybersecurity, private and public cloud hosting, backup and disaster recovery, and other advanced IT services to SMB, mid-market and enterprise customers, including leaders in education, healthcare, government, financial services, manufacturing, and other industry segments. Headquartered in Pittsburgh, PA, Magna5 has customers nationally. For more information, visit www.magna5.com.

About NewSpring Holdings

NewSpring Holdings, NewSpring’s dedicated holding company with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $3.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.

About ThreatAdvice

ThreatAdvice is a leading provider of comprehensive cybersecurity solutions and managed services, committed to helping businesses protect their digital assets through innovative technology and expert support. With a focus on education, prevention, and response, ThreatAdvice empowers organizations to mitigate risks and ensure business continuity. For more information visit www.threatadvice.com.

About Founders Advisors

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. To provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory is a wholly owned subsidiary of Founders Advisors. Neither Founders M&A Advisory nor Founders Advisors provide investment advice. For more information, please visit www.foundersib.com.