MAUMEE,
Ohio, June 20, 2024 /PRNewswire/ -- Virtual
Technologies Group (VTG), through strategic capital from
Jacmel Partners, announced today that it has acquired
Quotient, Inc. (Quotient), a provider of customized IT
solutions including systems integration, full-stack software
development, cyber security, project management, scheduling and
operational support to U.S Federal agencies. Post-closing, Quotient
will continue to serve its breadth of customers as a subsidiary of
VTG.
This acquisition aligns with VTG's strategic vision to enter the
government contracting market and provide a comprehensive suite of
services to its base of over 1,000 customers nationwide. The
combined company will provide tailored end-to-end solutions across
IT Managed Services, Professional Services and Infrastructure
Logistics Services to government agencies, manufacturing,
healthcare, education, non-profit organizations and SMBs.
"We're excited to be partnering with Quotient to unlock its next
phase of growth," said Nick
Jean-Baptiste, Founder and Co-Managing Partner at Jacmel.
"At Jacmel, we believe in building on the vision of our portfolio
company founders and are impressed with Quotient's track record of
growth under the stellar guidance from its leadership team. The
company continues to distinguish itself as a critical service
provider to its clients and we are thrilled to partner with
Quotient, alongside VTG to deliver effective IT solutions and
reliable customer service, while fostering a culture of
collaboration, integrity and excellence."
"We look forward to the opportunities ahead as we join forces
with Jacmel and VTG," said Clark
Lare, Co-Founder of Quotient. "This partnership enables us
to leverage VTG's extensive suite of IT solutions and diverse
customer base to establish a dynamic platform poised for
accelerated growth and innovation."
"This partnership marks a significant milestone for Quotient.
Together, we will have the scale, resources and capabilities to
better serve our customers, expand market reach and deliver
enhanced value to our investors and employees," added Mike Schall, VP, Technology Solutions at
Quotient.
VTG received financing from Brightwood Capital Advisors to
complete the partnership with Quotient. Benchmark
International served as a sell-side advisor to Quotient.
Willkie Farr & Gallagher
LLP served as legal counsel to Jacmel and VTG while Bowie
& Jensen LLC represented Quotient on the transaction.
About Quotient, Inc.
Founded in 1999 by
Clark and Jodi Lare, Quotient Inc
(Quotient) provides device agnostic digital solutions for federal
clients including systems integration, full-stack software
development, cyber security, project management and scheduling, and
operational support. The company's employees include developers,
engineers, managers, SMEs, and systems administrators with
knowledge, skills, and qualifications across various domains,
including CISSP, PMP/PMP-SI, RHEL CE/SA, Security+, CSM, and
ITILv3. To learn more visit:
https://www.quotient-inc.com/
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 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
Founded in 2015, Jacmel
Partners is a private investment firm targeting family-operated,
lower middle market companies, with a focus on combining
traditional private equity best practices with low-cost,
high-impact strategies that promote growth while also benefiting
employees and their communities. Since inception, Jacmel and its
managers have invested in 12 companies across four
platforms, delivering robust investor returns while
implementing a range of inclusive economy initiatives, including
workforce development, increased Board representation of BIPOC
leaders, and educational benefits for employees. The firm is led by
Co-Managing Partners Nick Jean-Baptiste and Jorge Mora, who have multi-decades of Wall
Street and private equity experience. To learn more, visit
https://jacmelpartners.com/
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SOURCE Virtual Technologies Group