North Partners has agreed to acquire Intermedia Intelligent Communications. Intermedia offers services such as unified communications, contact center capabilities, Microsoft Teams integrations, business email, security, and productivity tools, and serves more than 150,000 business customers through a partner ecosystem of over 7,500 providers. The company generates more than $430 million in annual recurring revenue and has experienced growth as organizations continue migrating from legacy on-premises phone systems to cloud-based communications platforms.
The acquisition aligns with 26North’s private-equity strategy of investing in established technology platforms with recurring revenue and growth potential. Intermedia’s leadership team, including CEO Michael Gold, is expected to remain involved and invest alongside the new owner, while 26North plans to support expansion through operational resources and strategic guidance. The firm cited Intermedia’s partner-focused distribution model, strong service reputation, and increasing use of AI across its platform as key reasons for the investment. Learn more.