FVLCRUM Funds Acquires Advanced IT Concepts (AITC)
October 20, 2023
Private equity firm FVLCRUM Funds has completed the acquisition of Advanced IT Concepts, Inc. (AITC), a Winter Springs, Florida-based IT systems integrator and federal government contractor specializing in cybersecurity and systems engineering. FVLCRUM intends to use AITC as a platform to build scale in cybersecurity and IT systems integration for government and DoD customers, supporting accelerated growth and expanded capabilities.
- Buyers
- FVLCRUM Funds (FVLCRUM Partners)
- Targets
- Advanced IT Concepts, Inc. (AITC)
- Sellers
- Gabriel Ruiz (owner of AITC)
- Industry
- IT Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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