Insights
Benchmark International Successfully Facilitated the Transaction Between Quotient, Inc. and Virtual Technologies Group
July 24, 2024
Benchmark International has successfully facilitated a transaction between Columbia, MD-based Quotient, Inc. ("Quotient") and Maumee, OH-based Virtual Technologies Group ("VTG"). Quotient provides a wide range of device-agnostic digital solutions for federal clients.
"Quotient President and Co-Founder Clark Lare built a gem of a company in the Federal-IT space, with long-standing relationships at key federal agencies providing highly skilled services to some of our nation's most critical mission sets," commented Benchmark Senior Transaction Director William Sullivan. "We brought this opportunity to market fully understanding its differentiated sector position, and we were well aligned with our client in finding the best combination of cultural fit and enterprise value. After a highly selective process, VTG emerged as clearly the best fit, with a strong plan for future growth and a highly complementary team and structure. We are very excited for the entire Quotient team."
Your perfect buyer is out there. Find them today.
Founded in 1999 by Clark and Jodi Lare, Quotient provides customized IT solutions to US federal agencies, including systems integration, full-stack software development, cyber security, project management, scheduling, and operational support. The company's employees include developers, engineers, managers, SMEs, and systems administrators with knowledge, skills, and qualifications across various domains, including CISSP, PMP/PMP-SI, RHEL CE/SA, Security+, CSM, and ITILv3.
Founded in 1962, Virtual Technologies Group (VTG) is a single-source IT solutions provider specializing in cybersecurity, infrastructure management, and IT-managed services. VTG prioritizes partner-based relationships to deliver tailored solutions and has continued to adapt alongside rapidly developing technological advancements since its inception.
The transaction was backed by New York, NY-based Jacmel Partners, a private investment firm targeting family-operated, lower middle-market companies. The firm focuses on combining traditional private equity best practices with low-cost, high-impact strategies that promote growth while also benefiting employees and their communities.
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Navigating The Path Of A Business Sale: Turning Options Into Informed ChoicesAs a business owner, you've poured your heart and soul into building your company. The day might come when you consider selling your business, but the journey from contemplation to transaction is far from straightforward. One of the most powerful realizations in this process is that while you may be considering multiple avenues for a potential sale until you have offers, these remain options. Until you have a choice to sell, the only real choice you have is to continue running your business just as you did yesterday. However, strategically exploring the market and engaging with various buyer types can transform your myriad options into informed choices.Benchmark International Wins Two Deal Of The Year M&A Atlas AwardsTwo of Benchmark International's transactions have been awarded Private Equity Deal of the Year and Industrial Services Deal of the Year by the Global M&A Network.