ATLANTA – JANUARY 24, 2024 – Cogent Growth Partners, a leading advisor for mergers and acquisitions in the IT Services sector, today announced its instrumental role in the successful acquisition of FPA Technology Services by VC3. This strategic acquisition, initiated by Cogent, marks a significant expansion of VC3’s existing managed IT and cybersecurity services footprint in California.
Bruce Teichman, EVP and Partner of Cogent Growth Partners, “For over a decade, I’ve had the pleasure of knowing Craig Pollack at FPA and collaborating with VC3 for an extended period. At Cogent, we prioritize strategic alignment and opportunity over transactional processes. Therefore, when the timing was right, I recognized a remarkable compatibility between FPA and VC3. This extended beyond geographic synergy to encompass complementary service offerings, customer bases, and, most importantly, a genuinely shared culture. Craig and Ryan wholeheartedly agreed, and we facilitated the process by pre-qualifying key financial and business aspects that we knew were of mutual importance.”
FPA Technology Services, a premier outsourced IT provider renowned for its longstanding presence and exemplary service in the greater Los Angeles area since 1991, aligns perfectly with VC3’s mission of providing managed IT and cybersecurity services to municipalities and businesses.
Cogent’s contribution went beyond simply identifying and introducing the parties. We played a key role in facilitating the deal through what we call “Transaction Therapy.” M&A can be an emotionally charged process, often under tight timelines. Our ability to navigate these dynamics, serve as a sounding board for both parties, and provide strategic guidance proved invaluable in helping ensure a smooth and successful outcome. This acquisition represents the latest in a series of successful M&A transactions guided by Cogent, further cementing its reputation as a trusted advisor in the IT services M&A space.
About FPA Technology Services
FPA Technology Services, Inc. has provided outsourced IT services to growing businesses in the greater Los Angeles area since 1991. FPA’s driving purpose is to redefine what it means to be an IT Service Provider delivering an unheralded level of service to its clients. As a single source for all the technology services an organization may need, FPA offers three core areas of service: Design, Implementation, Management and Support of On-Premise or Cloud IT Infrastructure and End-Users; Strategic IT Planning and Guidance; and Cybersecurity Assessment and Protection Services. By providing a “one-stop-shop” of IT services and with a “Business Before Technology” approach, FPA prides itself on being their clients’ trusted technology advisor removing the pain and worry usually associated with IT and instead helping them fully leverage technology to achieve their business objectives.
VC3 is a managed IT and cybersecurity services provider serving municipalities and businesses throughout North America. Organizations come to us to help navigate the technology journey, and to get the expertise they need to manage cyber risks and IT infrastructure. Over 1,100 municipalities and 1,000+ businesses rely on VC3’s cybersecurity expertise, sector-specific focus, ability to grow with our clients, and relentless automation to manage, protect, and accelerate their organization’s technology. We can become your IT department, work alongside your internal IT team to make them more successful or help you with specialized needs such as cloud hosting, data backup, or application development. Visit www.vc3.com to learn more.
About Cogent Growth Partners
Cogent Growth Partners, LLC, an advisor for mergers and acquisitions, specializes in the IT Services sector, leveraging over a decade of experience in fostering strategic business growth. Renowned for its unique approach to M&A, Cogent combines in-depth industry insights with a personalized methodology, known as “Transaction Therapy™,” to guide IT business owners through the complexities of acquisitions. Having successfully closed over 160 deals, Cogent is committed to creating synergistic partnerships that enhance value and drive growth for all parties involved.
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