VSS Capital Partners has exited its investment in Centroid Systems, a Michigan-based Oracle Cloud solutions provider. Financial terms were not disclosed. Founded in 1997 and headquartered in Troy, Michigan, Centroid is one of the largest Oracle Cloud Service Providers in North America. The company serves middle-market and enterprise clients across technology, manufacturing, automotive, and other sectors. VSS initially invested in Centroid in 2021. During the partnership, the company expanded its sales team from 10 to 25 people, shifted towards recurring revenue, and completed four strategic acquisitions. Centroid also hired Ken Bowles as CFO in 2025 and launched AI initiatives. Guggenheim Securities served as financial adviser, whilst Willkie Farr & Gallagher provided legal counsel. VSS is a New York-based private investment firm specialising in tech-enabled business services, education, and healthcare.

Gridiron Capital has invested in Centroid, an Oracle Cloud Infrastructure service provider based in Troy, Michigan. The deal marks the final platform investment in Gridiron's Fund V, which is now fully deployed. Founded in 1997 by Scott Morrell, Eric Reed, and Jim Brull, Centroid provides consulting and managed services for Oracle Cloud Infrastructure to enterprise and mid-market clients. The company operates on a primarily recurring revenue basis. Gridiron plans to partner with management to accelerate growth through organic expansion and acquisitions. The firm will leverage its IT services expertise to help Centroid expand its sales function and broaden its solutions. Financial terms were not disclosed. Moelis & Company advised Gridiron, whilst Guggenheim Securities advised Centroid on the transaction.