Congratulations to FPE Capital on the sale of TNP to Providence Equity Partners-backed Node4, a leading cloud-led Managed Services Provider.
FPE Capital acquired the leading Microsoft Dynamics 365 Partner back in 2018 and subsequently approached Directorbank’s George Heppenstall to source an experienced CFO to support the execution of TNP’s successful growth strategy. George placed Chris Powell in the role, a KPMG-qualified Chartered Accountant with significant sector and PE experience, including multiple successful exit processes.
Since FPE’s acquisition, and through significant investment in the team, product and sales capability, TNP has driven over 400% growth in profitability. The business has 230 employees, almost 40,000 user licenses under its care and nearly 550 customers.
TNP’s track record, skill set and experience will significantly enhance Node4’s end-to-end managed services portfolio and forms an important part of their ongoing growth strategy. We wish them all the very best with the next stage of their exciting journey.