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InterVision Expands in Southern California with Acquisition of ITG
Detroit, MI – December 1, 2017 – Huron Capital today announced its information technology (IT) solutions platform, InterVision Systems (“InterVision”), has acquired Independent Technology Group (“ITG”) based in Westlake Village, California.
Founded in 2001, ITG integrates networking, storage and security services to provide best-in-class technology solutions with expert professional and customer relations. ITG has been owned by Kevin Barker and Doug Marlin, who will remain active in the business.
“Joining InterVision is exciting because it expands the breadth of services we can deliver to our customers and deepens our solutions expertise,” said Barker. “With the support of the entire InterVision team, we believe our local sales and engineering resources will fuel InterVision’s growth in a large market and fast growing part of the country.”
“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.”
Matt Hare, Partner at Huron Capital, added, “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.”
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 140 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm’s operational approach to creating value. Huron Capital’s sector focus includes business services, consumer products & services and specialty industrials. For more information, please visit www.huroncapital.com.
About InterVision Systems
InterVision’s mission is to unleash the power of technology to accelerate business growth. The company delivers IT managed services, on-premise solutions, professional services, cloud solutions, automation services, and consulting that organizations need to thrive in today’s dynamic IT market. InterVision’s vendor-certified sales and engineering staff have specialized expertise in all areas critical to IT environments. The company has headquarters in Santa Clara, Calif. and St. Louis, Mo., and offices and data centers in the Central and Western U.S. Learn more at www.intervision.com.
Certain information herein may contain forward-looking statements which are provided to assist the reader in understanding the beliefs and opinions with respect to future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance in future periods to differ materially from any projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The issuer of these statements undertakes no obligation to update forward-looking statements if circumstances or estimates or opinions should change except as may be required by applicable securities laws.
