Post the investment, iVsion's entire management team will remain in place and maintain a meaningful ownership position. The partnership will support iVision's continued growth, both organically and through acquisitions
Fremont, CA: Chicago-based middle-market private equity firm focused on investments in business service industries, CIVIC Partners, announced its investment in iVision, in partnership with Gabe Damiani, David Degitz, and the rest of the existing management team. iVision is headquartered in Atlanta, Georgia, and is a leading managed services and technology consulting provider for mid-market and enterprise clients. The company was founded in 2004 by Gabe Damiani. Over the last 16 years, it has established itself as a premier managed services provider, serving the complex cloud, data center, networking, security, and application needs of its clients.
"We are thrilled to be partnering with a CIVC team who has the resources and capabilities to help us accelerate our growth trajectory." iVision founder and CEO, Gabe Damiani added, "CIVC has been an active investor for over 30 years and has extensive experience building businesses and partnering with management teams. We expect CIVC to be a value-added partner going forward as we execute on our growth strategy," said David Degitz, iVision President.
Post the investment, iVsion's entire management team will remain in place and maintain a meaningful ownership position. The partnership will support iVision's continued growth, both organically and through acquisitions. The partnership with iVision is built on CIVC's investment experience in outsourced professional services companies. Prior representative investments within outsourced professional services include CATI (3D design and engineering services and solutions), EN Engineering (utility engineering and consulting services), Magna Legal Services (litigation support services), and KPA (compliance services and software).
"iVision is a differentiated and market-leading managed services provider with an exceptional track record of client satisfaction and deep technical expertise. We are looking forward to our partnership with Gabe, David, and the rest of the iVision management team to support the company in accelerating organic growth and pursuing strategic acquisitions." Andrew Roche, a Vice President at CIVC, added, "iVision is an exciting investment opportunity for CIVC and a great fit with our experience investing in rapidly growing service-oriented businesses," said John Compall, a Partner at CIVC.