Private equity firm Blackthorne Partners has acquired group:basis, a Wisconsin-based technology services provider supporting SAP enterprise resource planning, for $1.6 million. Based in Oak Creek, WI, group:basis plans to use the capital infusion toward advancing the company's capabilities in support of its current SAP client base and extend its services to cloud computing. Concurrent with the recapitalization, industry veteran Jack Gebhardt has joined the company as CEO. Based in nearby Mequon, WI, Blackthorne looks to invest in niche companies that are under the radars of traditional private equity firms.
