InterVision Systems, a portfolio company of Huron Capital, has acquired Independent Technology Group (ITG), an IT systems integrator of networking, storage and security services.
ITG was founded in 2001 by Kevin Barker and Doug Marlin and is headquartered near Los Angeles in Westlake Village, CA (www.itgweb.com). Both Mr. Barker and Mr. Martin will remain active in the business under InterVision ownership.
InterVision provides cloud and enterprise IT services including architecture, integration and configuration, installation, maintenance contract renewals, staff augmentation, project management, and managed services. The company was founded in 1993 and has headquarters in Santa Clara, CA and St. Louis, MO and offices and data centers in the central and western US (www.intervision.com).
“In keeping with our buy-and-build approach, ITG brings key strategic capabilities that we believe will solidify our position as an industry leader and further position the company for strong growth,” said Matt Hare, a Partner at Huron Capital.
“With its strong market presence and engineering resources in southern California, we believe ITG is a fantastic addition to InterVision,” said Aaron Stone, President and CEO of InterVision. “We were eager to find a successful, growth-oriented company to help us expand our footprint and to seize the vast opportunity in the southern California market. ITG met all our requirements and its customer-centric culture is a great fit with ours. We believe ITG will establish InterVision as the dominant force in the southern California market.”
Huron Capital invests up to $70 million per transaction in middle-market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include specialty manufacturing, business services, consumer goods & services, and healthcare. Huron was founded in 1999 and has offices in Detroit and Toronto (www.huroncapital.com).
© 2017 Private Equity Professional | December 5, 2017