DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, I.T. Right, Inc., to VC3. The transaction closed November 9, 2021.
I.T. Right is Michigan’s leading network consultant for local government. Their main offices are in Bath, Michigan, but they staff a combination of field and help desk technicians to support clients all over the state. Their field techs cover over 550 county and municipal level offices, from Bedford Township to Bois Blanc Island and Port Huron to Pere Marquette.
I.T. Right is a Microsoft Certified Partner and is the only firm in the State of Michigan authorized to do work on behalf of BS&A software. They are uniquely suited to work with police departments, as all their technicians have been fingerprinted, background checked, and certified to work on LEIN and MiCJIN. I.T. Right was founded in 1998 as an independent division of a Lansing-based technology school.
VC3 is a leading managed services provider with a focus on municipal government and mid-market businesses. Founded in 1994 and headquartered in Columbia, South Carolina, VC3 forms partnerships with organizations to achieve their technology goals and harness their data. In addition to providing comprehensive managed IT solutions, VC3 offers cybersecurity, cloud services, website design, custom application development, and business intelligence services.
Sandy Reeser, VC3’s Chief Executive Officer, said, “I.T. Right is keenly focused on serving local government clients in Michigan and has done so for many years. Realizing that we both share a passion for serving municipal clients, it became very obvious that together we can achieve our mission of serving all cities in all states. I’m very excited that we can combine our teams to expand our new collective service offerings to municipalities across the country.”
Dan Eggleston, I.T. Right’s CEO, said, “With VC3’s strong government presence, it was clear to me that a partnership made the most sense for the two companies and our customers. Cybersecurity is a team sport. This acquisition will empower both I.T. Right and VC3 to not only provide more services, but to better secure local governments.”
Reeser added, “I look forward to partnering with clients built on the same values and service they’ve come to expect from I.T. Right. I have every confidence that together, VC3 and I.T. Right will continue to serve and add value to our clients.”
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team led by Senior M&A Advisor, Marcia Conley, with support from Managing Director, Mergers & Acquisitions, Ryan Johnson, successfully closed the transaction. Senior Managing Director, Roger Dean established the initial relationship with I.T. Right.
“Working with Dan and Melissa Eggleston during their exit journey was one of the most professional and rewarding experiences of my career. They have built a great company and deserve everything that was accomplished with this exceptional transaction,” said Conley.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 250 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.