Firm at a glance
Relay Investments is a platform private equity firm founded in 2013 and headquartered in Boston, MA, per its own website [S1].
What they buy
Relay Investments appears to pursue investments across a broad range of sectors, with particular concentration in technology-enabled services and software businesses [S2]. The firm’s publicly disclosed portfolio includes companies spanning healthcare services, distribution, finance, hospitality, human resources, manufacturing, transportation and logistics, and various technology subsectors [S1][S2]. Based on its current holdings, the firm appears to target middle-market platforms in both service-oriented and technology businesses, with approximately $200 million or more in assets under management as of March 2025 [S1].
Portfolio
Technology – Tech-Enabled Services
Vialterna (acquired 2025) [S2] and VeloceIT (acquired 2025) [S2] represent the firm’s investments in technology-enabled service businesses.
Technology – Software
No-IP (acquired 2025) [S2] is a software-focused portfolio company.
Other Services
Education Management & Networks (acquired 2025) [S2] and Zeker & Mobiel (acquired 2025) [S2] round out the firm’s service sector holdings.
Recent activity (last 24 months)
No recent public transactions were surfaced in the data fetch as of March 2025, though the firm’s portfolio page lists multiple 2025 acquisitions without specific transaction dates.
How this firm fits a seller
Relay Investments may appeal to owner-operators in technology and service sectors seeking a buyer with experience across diverse industries. The firm’s portfolio suggests a willingness to invest in both pure-play technology companies and traditional service businesses with technology components. With reported assets under management exceeding $200 million [S1], the firm appears positioned for middle-market transactions. Sellers in healthcare services, technology-enabled services, or software businesses may find sector alignment with Relay’s existing investment focus, though the firm’s broad sector coverage suggests flexibility in evaluating opportunities across multiple industries.
Sources
[S1] https://www.relayinvestments.com/about (as of 2025-03-29)
[S2] https://www.relayinvestments.com/portfolio (as of 2025-03-29)
Frequently asked questions
Does Relay Investments buy technology businesses?
Yes, Relay Investments has demonstrated active interest in technology businesses, with current portfolio companies including No-IP in software and both Vialterna and VeloceIT in tech-enabled services, all acquired in 2025 [S2]. The firm’s observed sectors also include consumer electronics, e-commerce, financial services and payments, and other technology subsectors [S1][S2].
What companies has Relay Investments acquired recently?
Relay Investments’ portfolio page lists five companies acquired in 2025, including Vialterna and VeloceIT (both tech-enabled services), No-IP (software), Education Management & Networks, and Zeker & Mobiel [S2]. Specific transaction dates within 2025 were not publicly disclosed in available sources.
Where is Relay Investments based and how big is the firm?
Relay Investments is based in Boston, MA, and reports assets under management of approximately $200 million or more as of March 2025 [S1]. The firm was founded in 2013 and operates from its single Boston office location [S1].
Is Relay Investments still actively acquiring?
Relay Investments appears to remain active, with its portfolio page listing multiple companies acquired in 2025 [S2]. However, no transactions with specific dates in the trailing 24 months were captured in public sources as of the March 2025 data fetch, suggesting either recent activity not yet widely reported or a period of portfolio consolidation.
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.