iVision Fuels Growth with Investment from Private-Equity Firm with Business Services Industry Focus
ATLANTA, Aug. 18, 2020 — iVision today announced its official partnership with CIVC Partners L.P. (“CIVC”), a Chicago-based private-equity firm focused on middle market investments in business services industries. The partnership, effective as of Monday, Aug. 17, 2020, is part of iVision’s strategy to scale as the most trusted IT services provider in the Southeast.
iVision’s entire management team will remain in place following the investment and will maintain a meaningful ownership position in the Company. The Company will continue to be headquartered in Atlanta. The partnership will support iVision’s continued growth organically and through acquisitions.
iVision President David Degitz said, “We are thrilled to be partnering with the CIVC team, which has the resources and capabilities to help us accelerate our growth trajectory.”
iVision founder and Chief Executive Officer Gabe Damiani added, “CIVC has been an active investor for over 30 years and has extensive experience building businesses and partnering with management teams. CIVC will be a value-added partner as we execute our growth strategy.”
John Compall, a partner at CIVC, said, “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.”
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.”
iVision’s partnership adds to CIVC’s impressive roster of investments in outsourced professional services companies, including CATI (3D design and engineering services and solutions) and EN Engineering (utility engineering and consulting services), both based in Illinois; Pennsylvania-based Magna Legal Services (litigation support services); and Colorado-based KPA (compliance services and software).
Mazzone & Associates Inc. served as financial adviser to iVision. Kilpatrick Townsend & Stockton LLP served as legal adviser to iVision. Raymond James & Associates Inc. served as financial adviser to CIVC. Kirkland & Ellis LLP served as legal adviser to CIVC.
iVision is an Atlanta-based technology integration and management firm. Founded in 2004, iVision has had a continued focus on engineering success for clients through objective recommendations, technology, and process expertise and best-of-breed guidance. Our infrastructure and application solutions are organized into an IT-resilience platform, leveraging cloud, network and security. In 2020, iVision partnered with Chicago-based private-equity firm CIVC Partners to fuel strategic growth. At iVision, we work with clients to architect, transform and support their technology — enabling them to realize their vision of a better tomorrow. Learn more at ivision.com.
About CIVC Partners L.P.
CIVC Partners is a Chicago-based private equity firm investing in high-growth middle-market companies in business services sectors. Since 1989, the team has invested approximately $1.8 billion in 67 platform companies and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com. If you have an opportunity that may be an acquisition candidate for iVision, please contact John Compall (firstname.lastname@example.org) or Andrew Roche (email@example.com).