Houlihan Lokey Advises Nuspire
Houlihan Lokey is pleased to announce that Nuspire has been acquired by PDI Technologies (PDI). This combination will expand the technology and expertise of PDI’s cybersecurity and managed network services business segment while accelerating the delivery of innovative managed security services to convenience retail, QSR, automotive dealership, and adjacent industries. The transaction closed on June 20, 2024.
Nuspire delivers innovative managed security services, managed detection and response, endpoint detection and response, and consulting solutions tailored to clients’ needs. Nuspire’s technology-agnostic platform and data-driven intelligence seamlessly blend human expertise, advanced AI/automation, and advanced technologies to provide unprecedented visibility, control, and predictive intelligence across clients’ cybersecurity infrastructure. Nuspire’s experts and 24/7 SOCs empower clients to confidently navigate the evolving threat landscape.
PDI resides at the intersection of productivity and sales growth, delivering powerful solutions that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, as well as other specialty retail and restaurant environments like quick-service restaurants, fast casual dining, and more. By “Connecting Convenience” across the globe, the company empowers businesses to increase productivity, make informed decisions, and engage faster with their customers. From large-scale ERP and logistics operations to loyalty programs and cybersecurity, they’re simplifying the industry supply chain for whatever comes next. Today, the company serves over 200,000 locations worldwide with solutions like the Fuel Rewards® program and GasBuddy®, two popular brands representing more than 30 million users.
PDI’s acquisition of Nuspire reflects the commonalities between automotive dealerships and the convenience retail and quick-service restaurant sectors. These industries operate in fast-paced, high-volume, and complex connected environments across distributed networks where system reliability, customer satisfaction, and data security are paramount—and where vulnerabilities are abundant. By bringing Nuspire into the fold, PDI plans to extend its services, including introducing critical cybersecurity consulting for convenience retailers, thereby enhancing the support and capabilities across both customer bases.
Houlihan Lokey served as the financial advisor to Nuspire. This deal highlights Houlihan Lokey’s continued success as a leading advisor in the cybersecurity space and to the private equity community.
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