New Charter Technologies is a private equity-backed MSP platform owned by Oval Partners that has completed at least six acquisitions since 2025, targeting regional managed service providers across multiple U.S. markets. Under CEO Peter Melby's leadership, the platform pursues both traditional MSPs and specialized technology providers, with recent deals spanning from the Northeast (ProTech IT Solutions) to the Midwest (Stronghold Data, Verus) and including AI-focused capabilities (Orchestrate AI Labs). The company operates as an active consolidator in the MSP space, with leadership indicating continued aggressive acquisition activity planned for 2026.
Company Overview
New Charter Technologies operates as the MSP platform company for private equity firm Oval Partners. The company is led by CEO Peter Melby, who has publicly discussed the platform's active acquisition strategy. The platform also recently appointed Michelle Curtis as Chief Revenue Officer, indicating organizational growth to support expansion.
The company provides managed IT support services across multiple markets, including Los Angeles and other major metropolitan areas. New Charter Technologies has been recognized on industry lists, including ranking No. 1986 on the 2025 Inc. 5000 list, suggesting meaningful revenue scale though specific financial metrics remain undisclosed.
Acquisition Strategy
New Charter Technologies pursues a multi-pronged acquisition approach focused on geographic expansion and capability enhancement. The platform targets established MSPs across diverse U.S. markets while selectively acquiring specialized technology providers.
Key acquisition criteria include:
- Geographic Diversification: Active in Northeast, Midwest, and West Coast markets
- Traditional MSP Services: Core managed services and IT support capabilities
- Specialized Technologies: AI-driven services and next-generation MSP offerings
- Regional Market Leaders: Established providers with local market presence
- Strategic Capabilities: Companies that enhance service portfolio breadth
The platform appears to prioritize deals that provide both geographic density and new service capabilities, as evidenced by the Orchestrate AI Labs acquisition specifically targeting "next-generation MSP services."
Deal History
| Year | Target | Type | Region | Notes |
|---|---|---|---|---|
| 2025 | Element Technologies | MSP | Bloomington | Traditional managed services |
| 2025 | Orchestrate AI Labs | Technology | Unknown | AI-driven MSP services |
| 2025 | ProTech IT Solutions | MSP | Northeast/New York | Regional IT services provider |
| 2025 | Stronghold Data | MSP | Midwest | Data-focused services |
| 2025 | Verus | MSP | Midwest | Regional managed services |
| 2026 | NetSource One | MSP | Michigan | IT provider acquisition |
What MSP Owners Should Know
As Gui Carlos, CFA observes from analyzing this platform's activity, several factors make New Charter Technologies a notable acquirer in the current market:
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Active Acquisition Timeline: With six deals completed in approximately 12 months, New Charter demonstrates consistent deal execution capability. CEO Peter Melby's public statements about an "active first half of the year" for 2026 suggest continued aggressive acquisition activity.
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Geographic Flexibility: Unlike platforms focused on specific regions, New Charter appears willing to pursue quality MSPs across diverse markets. This geographic flexibility may create opportunities for MSPs in markets with less PE platform presence.
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Technology Integration Focus: The Orchestrate AI Labs acquisition signals interest in next-generation capabilities beyond traditional managed services. MSPs with specialized technology offerings or AI integration may find particular interest from this platform.
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Operational Infrastructure: The appointment of a dedicated Chief Revenue Officer and continued organizational buildout suggests New Charter is investing in post-acquisition integration capabilities, which can benefit acquired MSPs through enhanced sales and marketing support.
Valuation Context
New Charter Technologies' valuation approach remains undisclosed, consistent with most PE platform transactions. However, the platform's active acquisition pace and PE backing suggest access to significant capital for deals.
PE-backed MSP platforms typically pay valuations ranging from 6-10x EBITDA for quality managed service providers, with premiums for specialized capabilities or strong market positions. New Charter's focus on both traditional MSPs and technology-enhanced providers suggests they may pay competitive valuations for the right strategic fits.
The Oval Partners backing provides New Charter with the financial resources to compete effectively in the current MSP M&A market, where quality platforms often face competitive bidding situations.
Sources
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New Charter Technologies - New Charter Technologies Welcomes NetSource One: https://www.newchartertech.com/new-charter-welcomes-netsource-one-michigan-it-provider/
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New Charter Technologies - New Charter Technologies on 2025 Inc. 5000 List Again: https://www.newchartertech.com/nct-ranks-no-1986-on-the-2025/
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Channel Futures - New Charter Adds New York-Based ProTech IT to Portfolio: https://www.channelfutures.com/mergers-acquisitions/new-charter-adds-ny-based-protech-to-portfolio
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CRN - New Charter Technologies CEO Peter Melby On M&A: https://www.crn.com/news/channel-news/2026/new-charter-ceo-peter-melby-active-first-half-of-the-year-ahead-after-netsource-one-deal
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New Charter Technologies - New Charter Appoints Michelle Curtis as CRO: https://www.newchartertech.com/new-charter-technologies-appoints-michelle-curtis-as-chief-revenue-officer/
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Solution Builders - Poor Support As A Result Of MSP Acquisition News: https://solutionbuilders.com/technology/poor-support-as-a-result-of-msp-acquisition-news/