Citizens M&A Advisory served as the exclusive financial advisor to Blue Mantis, Inc., a premier IT services provider with deep expertise in managed services, cybersecurity and cloud solutions, on its recapitalization by Recognize Partners.

Headquartered in Portsmouth, New Hampshire, Blue Mantis provides digital technology services and strategic guidance to ensure clients quickly adapt and grow through automation and innovation. The recapitalization will enable Blue Mantis to benefit from increased cybersecurity spending and focus on growing client demand for its expanding portfolio of services

Blue Mantis was previously backed by Abry Partners, a Boston-based private equity firm focused on investing in middle-market companies in the media, information and business services industries. Abry Partners will continue as a minority investor in the company.

Blue Mantis Chief Executive Officer Josh Dinneen said: "Attending the Citizens Engage conference led to an amazing transaction for Blue Mantis, Recognize and Abry. Don and his dedicated team were instrumental in identifying a tremendous opportunity and guiding the process that led to the next leg of our journey. We look forward to furthering our partnership with the Citizens team.”

Citizens Managing Director Don Holbrook said: “Blue Mantis has maintained a strong reputation as a next-gen IT services provider for 30-plus years due to its talented management team and differentiated capabilities. With Recognize, Blue Mantis is primed to unlock significant value in the next chapter of growth.”