Sole Source Capital has acquired Brite, a leading cybersecurity and IT managed services provider based in New York. The transaction represents the first platform investment from Sole Source's third fund, SSC Partners Fund III, and marks the firm's strategic entry into the cybersecurity and managed services sector, leveraging strong secular tailwinds driven by digital transformation and an evolving threat landscape.
Sole Source Capital acquires Brite, a cybersecurity and IT managed services provider.
This is the first platform investment from Sole Source's third private equity fund, SSC Partners Fund III.
Brite serves a diversified customer base in regulated sectors like finance, healthcare, insurance, and education.
The existing management team, including CEO Justin Smith and President Trevor Smith, will remain in place.
Sole Source sees significant growth opportunity in the fragmented cybersecurity and IT outsourcing market.
The firm plans to scale Brite through strategic expansion and add-on acquisitions.
The acquisition represents Sole Source Capital's deliberate move into the cybersecurity and managed IT services vertical. The firm is attracted by the sector's strong growth drivers, including the increasing complexity of cyber threats, the trend toward outsourcing critical IT functions, and the impact of AI and digital transformation. Scott Sussman, Chief Investment Officer of SSC, stated, “As organizations continue to outsource critical IT and security functions, we see significant opportunity to grow in this highly fragmented market and believe Brite’s capabilities and strong customer base create a differentiated platform to support strategic expansion.”
Founded in 1983, Brite has built longstanding customer relationships by providing reliable, mission-critical cybersecurity and IT solutions to organizations in highly regulated industries. This has resulted in a resilient business model with consistent recurring revenue. Following the transaction, the existing management team will remain to lead the company's next phase of growth. Justin Smith, CEO of Brite, said, “We look forward to working closely with SSC to rapidly scale the business and provide even greater value to our precious customers.”
Consistent with Sole Source Capital's buy-and-build strategy, Brite is expected to serve as a foundational platform in the cybersecurity services space. The firm's operational expertise and focus on thematic investments in fragmented industries position it to scale Brite through both organic initiatives and strategic add-on acquisitions, aiming to build a market-leading consolidator.
The acquisition of Brite by Sole Source Capital underscores the continued attractiveness of the managed cybersecurity services market to private equity. By combining Brite's established customer relationships and technical expertise with Sole Source's capital and strategic resources, the partnership is poised to capitalize on growing demand for outsourced security and IT management, aiming to build a larger, more comprehensive service provider.
About Sole Source Capital
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that invests thematically in industrial and business services sectors. The firm targets fragmented, high-growth markets shaped by secular trends and partners with founder-led businesses to build scaled consolidators. Leveraging operational expertise and disciplined M&A, Sole Source Capital creates market leaders that deliver lasting value. Headquartered in Dallas, the firm also maintains an office in Santa Monica.
About Brite
Brite is a trusted partner delivering integrated and scalable technology solutions that power safer, smarter, and more secure organizations and communities. Headquartered in upstate New York, Brite has satellite branches nationwide. Originally founded in 1983, Brite expertly leverages industry-leading technologies and solutions within IT services, cybersecurity, and public safety technology.
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