OC tech entrepreneur Tim Britt is branching out.
Best known for founding and expanding IT managed services firm Synoptek, Britt has now founded Targhee Capital of Newport Beach.
Targhee is a private firm whose mission is to invest in and accelerate the growth of leading technology managed services businesses.
It is designed for owners who want more than funding—bringing operator-grade expertise in M&A, financial performance, culture building and scalable growth design, according to the new firm.
“Our mission is to partner with exceptional leaders who are building the future of managed services—providing not just capital, but practical experience, strategic guidance and a shared commitment to long-term success,” Britt, who is also the new venture’s managing partner, said in a statement on Nov. 21.
Targhee Capital works alongside its portfolio brands to help them refine strategy, strengthen execution and position their businesses to thrive amid market disruption and consolidation.
“Technology services are the crux of every modern enterprise,” Britt added. “At Targhee Capital, we’re focused on supporting the leaders who deliver those services and helping them reach their full potential—building companies that perform, endure and create lasting value for their customers and investors.”
Founded Synoptek 24 Years Ago
Britt grew up in Wyoming, where he knew he wanted to be an entrepreneur. He earned an industrial engineering degree from the Georgia Institute of Technology and an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University.
In 2001, he founded Synoptek, which he developed into a leading global IT and digital transformation services provider. There, he oversaw 13 acquisitions and grew the company to more than 1,100 employees.
He stayed on as CEO after a majority stake in Synoptek was purchased by the private equity firm Quad-C Management of Virginia in 2022.
In May, Synoptek announced Britt would step down from his role as CEO to become executive chairman, advising on strategic initiatives and business development. Synoptek also moved its headquarters from Irvine to Costa Mesa.
Targhee Brings Deep Expertise
In the new venture, Britt is joined by a team with 50-plus years of combined experience and over $500 million in enterprise value created across their portfolio companies.
Collectively, the Targhee Capital team brings deep expertise in mergers and acquisitions, managed services operations, financial modeling and scalable growth design—experience that allows the firm to guide businesses from steady performance to sustained scale.
The firm says it helps founders establish a strong operational foundation before pursuing expansion investment to drive scale, acquisitions or new market entry.
The managed services companies where Targhee Capital has provided expert advisory services and/or capital to drive growth and value realization include Aventis Systems, Cortavo, Critigen, EarthLink, FusionStorm and Synoptek itself.
Targhee’s logo is the drawn outline of a craggy mountain peak. The Grand Targhee Resort is a sprawling ski area in western Wyoming, the state where Britt grew up.
