Niobrara Capital acquires MSP

● STRATEGIC | IT SERVICES · Managed Services (MSP)

SEPTEMBER 16, 2026

Niobrara Capital acquires MSP Corp. (Alfar +2)

TARGET

Pan-Canadian managed IT and cybersecurity services provider delivering outsourced IT infrastructure, MSSP, and cloud management to small and midsize businesses across 12 offices and six provinces.

EBITDA	~$20M
Ownership	PE-backed · Alfar Capital; Walter Capital Partners; BDC Capital (prior owner); Alfar Capital, Walter Capital Partners, BDC Capital
Headcount	~500 FTEs
Headquarters	Montreal, Quebec
Leadership	Habib Malik, Chief Executive Officer
Sell-side advisor	Canaccord Genuity; Canaccord Genuity (exclusive financial advisor to MSP Corp

ACQUIRER

Niobrara Capital

New York-based private equity firm focused on middle-market B2B technology and technology-enabled services companies

Ownership	—
Headquarters	New York, New York
Buy-side advisor	—

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Niobrara Capital -> MSP Corp.  (2026-09-18)
sponsor_exit | IT Services | closed
Target: Pan-Canadian managed IT and cybersecurity services provider delivering outsourced IT infrastructure, MSSP, and cloud management to small and midsize businesses across 12 offices and six provinces.
Website: mspcorp.ca
HQ: Montreal, Quebec | Ownership: pe-backed | Seller: Alfar Capital; Walter Capital Partners; BDC Capital
Advisors - Sell-side: Canaccord Genuity; Canaccord Genuity (exclusive financial advisor to MSP Corp
Source: Thematic - https://thematichq.com/software/d/niobrara-capital-msp-corp.html

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