Virtual Technologies Group Announces Acquisition of Vector Tech Group
The acquisition of Vector Tech, which is supported by strategic capital from Jacmel, expands VTG's footprint in the Midwest and enhances its existing array of IT services with a complementary, high-growth suite of services. The combined business will provide tailored end-to-end solutions and IT infrastructure services to businesses and organizations in the manufacturing, education, healthcare, government, financial, professional services, non-profit, and automotive sectors.
"Beyond the clear strategic and complementary fit with VTG's platform, Vector Tech's dedicated employee base and exceptional customer service make it an invaluable addition to our IT service offerings and organization," said
"Today's announcement represents another exciting step forward in VTG's evolution," said
"This is a fantastic opportunity for Vector Tech, and we're very excited for what's ahead as we partner with Jacmel and VTG," said
The addition of Vector Tech comes during a period of significant expansion for VTG's platform. The firm recently completed its acquisition of Whitlock IS, a software solutions and IT services firm serving federal and enterprise clients. Together, these acquisitions strengthen VTG's position as a leading, comprehensive IT services platform.
Brightwood Capital Advisors provided financing for the transaction. Woodbridge International LLC, a subsidiary of Mariner Wealth Advisors, LLC, served as a sell-side advisor to Vector Tech. Ice Miller LLP and Willkie Farr & Gallagher LLP served as legal counsel to Jacmel and VTG while
About Vector Tech Group
Founded in 1991 in
About Virtual Technologies Group
Founded in 1962, Virtual Technologies Group (VTG) is a single source IT solutions provider specializing in cybersecurity, infrastructure management and IT managed services. VTG prioritizes partner-based relationships to deliver tailored solutions and continues to adapt alongside rapidly developing technological advancements since its inception. Comm-Core, a division of VTG and a leading cloud- based solutions provider for security, surveillance, and telecommunications, works hand-in-hand with VTG to deliver high-quality and competitively priced services for businesses of all sizes. Virtual Technologies Group currently services over 1000 customers nationwide. To learn more, visit https://vtgus.com/
About Jacmel Partners
Jacmel Partners is a minority-owned alternative investment firm dedicated to partnering with private companies and investing in projects that strengthen the nation's infrastructure. Through long-term relationships with companies, management teams, developers and government agencies, Jacmel is able to deliver flexible capital, operational insights and a strong impact framework. To learn more, visit jacmelpartners.com
Media Contact:
Dukas Linden Public Relations
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SOURCE Virtual Technologies Group
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