VC3, a managed service provider in North America, has acquired FPA Technology Services, an outsourced IT service provider in the greater Los Angeles area. Financial terms of the deal were not disclosed.
This is technology M&A deal number 313 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
VC3, founded in 1994, is based in Columbia, South Carolina. The company has 496 employees listed on LinkedIn. VC3’s areas of expertise include managed support services, hosted desktop, hosted and on-premises voice, vCIO services, e-government, website design, cloud-based backups, Cisco, Microsoft, network design, hosting services, data center services, SharePoint and application development.
FPA Technology, founded in 1991, is based in Woodland Hills, California. The company has 37 employees listed on LinkedIn. COMPANY NAME’s areas of expertise include Computer Consulting; Network Support; Managed IT Services; Business Continuity; Cyber Security; Training and Staffing.
VC3 Acquires FPA: Executive Insights
Ryan Vestby, CEO of VC3, commented:
"Longevity is one of the key differentiators of an outstanding managed service provider compared to its competition, and FPA Technology Services has served its clients in California since 1991. They understand, like VC3, the importance of long-term relationships built upon quality IT support and long-term planning. We are excited to welcome FPA to the VC3 family, as their vision, mission, and culture closely align with ours. Plus, their team’s expertise in IT management, and strategic planning adds some incredible talent to our growing VC3 team.”
Craig Pollack, founder and CEO, FPA Technology Services, said:
“We’ve been serving our clients since 1991, which is an eternity in the IT services space, by forging meaningful long-term relationships and delivering world-class service and support. Partnering with VC3 at this time will allow us to take things to the next level and only enhance our ability to deliver 'IT the Way It’s Supposed to Be!'. This move will benefit both our clients and our team in a number of key ways - VC3’s deep bench of talent will complement our team improving our service quality and responsiveness, we’ll be able to offer an even wider range of services to our clients, and our team will have even more opportunities for growth in their careers. This is such a logical move for FPA, our clients, and our staff. And I couldn’t be more excited!”
Vestby added:
“As we get to know both the FPA team and their clients, I’m looking forward to the knowledge sharing, learning, and new friendships that will result. This partnership will benefit all our clients by improving our IT, cybersecurity, and strategic planning services through the addition of FPA’s decades of experience to our team.”
About VC3
VC3 is a managed IT and cybersecurity services provider serving municipalities, financial services organizations, and businesses throughout North America. With a client base that includes over 1,100 municipalities and more than 1,000 businesses, VC3 offers a range of services, including IT management, cybersecurity expertise, and technology infrastructure development.
The company previously acquired GO Concepts, a provider of managed IT services, business continuity, cybersecurity solutions, and cloud services in Ohio. In September 2022, it acquired Accent Computer Solutions. In January 2022, VC3 acquired Canadian IT management and consulting firm CompuVision and CW Technology, a Minnesota-based IT management provider.
In July 2020, the firm acquired Sophicity for an undisclosed amount. And in November 2019, VC3 acquired masterIT, a Memphis, Tennessee-based managed IT service provider.
