New State Capital Partners Acquired Agility Recovery Services

New State Capital Partners (New State), a middle-market private equity firm that partners with entrepreneurially minded management teams, announced its acquisition of Agility Recovery Services (Agility).

This latter serves as a transformative add-on to New State’s existing business continuity platform, which includes AFIMAC Global Inc. (AFIMAC), provider of staffing, emergency response, security, and risk management services.

Terms of the transaction were not disclosed.

New State initially invested in AFIMAC in August 2022.

Agility has served blue-chip customers in banking, insurance, government, healthcare, and professional services for over 3 decades. The company’s subscription-based services include priority access to backup power, temporary office space, network connectivity, and mission critical backup technology and equipment.

Daniel Han, senior principal, New State, said: “We are thrilled to add Agility to our BC platform. We believe Agility’s expertise in providing critical assets and infrastructure for its subscribers perfectly complements AFIMAC’s prowess in providing short-term security and personnel for its clients. The combined scale, breadth of offerings and reach of the two businesses offers our customers more solutions to address business disruptions, enhancing the value of the platform.”
 
New State also announced the appointment of Mark San Fratello as CEO of Agility, which brings over 2 decades of executive leadership in business services and emergency response.

“I am excited to join the Agility team and look forward to expanding the reach of the critical risk management services we provide. The opportunity to offer critical assets from Agility, combined with the staffing, emergency response and security services of AFIMAC, provides the most comprehensive set of business continuity services available in the marketplace,” he added.

Morgan, Lewis & Bockius acted as legal advisors, Raymond James provided financial advisory services and Piper Sandler provided debt advisory services to New State. Stifel acted as financial advisors for the Company.

About Agility Recovery Services
Headquartered in Atlanta, GA, it offers business continuity and disaster recovery equipment and services to help businesses mitigate the effects of business interruptions from natural disasters and other threats to operations. Services include temporary office space, cloud-based software solutions and networks, critical technology and equipment, data backup and recovery, power and fuel services, and workforce business continuity testing and training. The company works with its clients to provide an end-to-end BC solution in one platform through a single provider.