Business
/C O R R E C T I O N -- MGT/
MGT (the "Company"), a national technology and advisory solutions leader serving state, local, and education (SLED) government clients, announced it has closed a $350 million investment from Ares Credit funds, valuing the Company at $1.25 billion. Ares Management, a leading global alternative investment manager with over $595 billion in assets under management as of September 30, 2025, joins existing MGT backers The Vistria Group, J.P. Morgan, and WhiteHorse Capital.
About this update from Ares Management Corporation
[{"type":"text","content":"/C O R R E C T I O N – MGT/ In the news release, MGT and Ares Management Combine Forces to Create First Unicorn in SLED Services Industry, issued 03-Dec-2025 by MGT over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:","length":318,"tagName":"p"},{"type":"heading","content":"MGT Receives Strategic Investment from Ares Management Resulting in First Unicorn in SLED Services Industry","length":107,"tagName":"h3","attribs":{}},{"type":"text","content":"TAMPA, Fla., Dec. 3, 2025 /PRNewswire/ -- MGT (the "Company"), a national technology and advisory solutions leader serving state, local, and education (SLED) government clients, announced it has closed a $350 million investment from Ares Credit funds, valuing the Company at $1.25 billion. Ares Management, a leading global alternative investment manager with over $595 billion in assets under management as of September 30, 2025, joins existing MGT backers The Vistria Group, J.P. Morgan, and WhiteHorse Capital.","length":523,"tagName":"p"},{"type":"text","content":""We believe this investment validates both our strategy and our commitment to building the category-of-one social impact and performance leader in SLED," said Trey Traviesa, chief executive officer of MGT. "With Ares' support, we significantly expand our capacity to undertake larger acquisitions and accelerate the high-impact growth and transformation we set out to achieve in our ambitious value-creation plan."","length":438,"tagName":"p"},{"type":"text","content":""We are excited to provide strategic capital to MGT as it seeks to advance its impressive growth trajectory," said Craig Snyder, Co-Head of Opportunistic Credit at Ares Management. "MGT's demonstrated sector leadership, robust M&A pipeline and history of successful integrations reinforce our conviction in its long-term value potential. We look forward to working with Trey, Vistria and MGT's other investors as the Company continues to enhance its differentiated position in the SLED services industry and deliver benefits to its clients, communities and other stakeholders."","length":614,"tagName":"p"},{"type":"text","content":"MGT is midway through a four-year value-creation plan following Vistria&#...