Virtual Technologies Group has purchased information technology services provider Quotient to expand its suite of IT managed services for its client base and broaden its presence in the government contracting market.
VTG said Thursday it made the acquisition using strategic capital from private investment firm Jacmel Partners.
In addition to IT managed services, the combined entity will also provide infrastructure logistics support and professional services to government agencies, health care, manufacturing, educational institutions and nonprofit organizations.
Established in 1999, Quotient provides full-stack software development, systems integration, cybersecurity, scheduling and project management support for federal agency customers. It will operate as a subsidiary of VTG.
“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,” said Clark Lare, co-founder of Quotient.
Brightwood Capital Advisors provided financing for VTG and Willkie Farr & Gallagher served as legal counsel to Jacmel and VTG in the deal.
Benchmark International acted as a sell-side adviser and Bowie & Jensen represented Quotient in the transaction.
Founded in 1962, VTG is a portfolio company of Jacmel Partners and provides IT managed services, cybersecurity and infrastructure management support for over 1,000 customers across the country.
