North American private equity investor deploying capital from an active fund, seeking a defensible platform. Looking for it managed services (msp & it support) within business services with repeat revenues and a defensible market position. Investor is currently in fund with committed capital for near term execution. Previous acquisitions include buy and build programmes in established sectors, supported by operating partners. Valuation discipline will be applied, driven by cash generation and resilience through cycles. Prepared to keep leadership in place where continuity protects performance and relationships. North American buyer targeting.