Gridiron Capital backs Oracle cloud specialist Centroid in final Fund V deal
What's the deal? Gridiron CapitalDealroom has a profile for this one. Try Dealroom → has made a growth equity investment in Centroid, an OracleDealroom has a profile for this one. Try Dealroom → Cloud Infrastructure (OCI) service provider based in Troy, Michigan. Financial terms were not disclosed. The New Canaan, Connecticut firm announced the deal on July 15, 2026.
What does Centroid do? Founded in 1997, it provides Oracle-focused consulting and managed services for OCI to enterprise and mid-market clients, largely on a recurring basis. It has a long-standing partnership with Oracle and positions itself as an enabler of OCI adoption.
Why now? Centroid is the final platform investment in Gridiron's Fund V, which is now fully deployed. Gridiron pointed to the "large and growing OCI market" and rising enterprise demand for specialised Oracle expertise as the drivers behind the bet.
What's the endgame? Gridiron plans to grow Centroid both organically and through acquisitions, drawing on its IT services expertise to expand the company's sales function and broaden its solutions across the verticals it serves.
What they said: "We have deep respect for what Scott, Eric, Jim, and the entire Centroid team have built over nearly 30 years," said Tom Burger, co-founder and managing partner of Gridiron. Centroid chief executive officer Scott Morrell called Gridiron "the ideal partner" for its next phase.
Moelis & CompanyDealroom has a profile for this one. Try Dealroom → advised Gridiron, with Benesch, Friedlander, Coplan & Aronoff as legal counsel. Guggenheim Securities and Willkie Farr & Gallagher advised Centroid.
The signal: The deal reflects investor conviction that specialised IT services tied to major cloud platforms carry durable structural tailwinds. As enterprises deepen their Oracle Cloud adoption, providers with recurring revenue and technical depth become attractive consolidation platforms.
Read more: PR Newswire
