ServicePoint, a Mill Point Capital LLC portfolio company, has officially acquired SmartSource LLC, a prominent provider of technology services nationwide.

This acquisition marks a significant step for ServicePoint, enhancing its operational scale and customer base across the United States.

SmartSource, headquartered in St. Charles, Illinois, specializes in IT staffing, multi-site deployment, and technical solutions, primarily serving Value-Added Resellers (VARs), Original Equipment Manufacturers (OEMs), Managed Service Providers (MSPs), and Systems Integrators.

The company has carved a niche in various key sectors, including financial services, hospitality, technology, and retail.

Under the continued leadership of Co-Founders Joe Iovinelli and Tony Iovinelli, SmartSource is poised to maintain its impressive growth trajectory and reputation for reliable service delivery.

The integration into ServicePoint’s platform is expected to unlock new opportunities and capabilities, fostering further expansion of the combined entity.

Jose Bernal, CEO of ServicePoint, praised the Iovinellis for their three-decade-long commitment to excellence, stating that the union with SmartSource will leverage shared resources to accelerate growth. Echoing this sentiment, the Iovinellis expressed enthusiasm for the partnership, citing shared values and a customer-centric approach as the foundation for future success.

Jeff Leventhal, Mill Point Executive Partner and ServicePoint’s Executive Chairman, commended the Iovinellis for establishing a business with unparalleled service delivery and industry expertise. Brandon Sarno, Vice President at Mill Point, also lauded the SmartSource team’s solid foundation, expressing eagerness to merge resources and operational capabilities to enhance the platform’s diversity and execute the Value Creation Plan.

This acquisition is a testament to ServicePoint’s commitment to innovation and excellence, promising an exciting new chapter of growth and service enhancement for both companies and their clientele.