Detroit’s Huron Capital Acquires California-Based Independent Technology Group
Huron Capital has invested in more than 140 companies.
Detroit-based investment firm Huron Capital today announced its information technology solutions platform InterVision Systems has acquired California-based Independent Technology Group (ITG).
Founded in 2001, ITG integrates networking, storage, and security systems to provide technology solutions for professional and customer relations.
“With its strong market presence and engineering resources in southern California, we believe ITG is a fantastic addition to InterVision,” says Aaron Stone, president and CEO of InterVision. “We were eager to find a successful, growth-oriented company to help us expand our footprint and to seize the vast opportunity in the southern California market.
“ITG met all our requirements and its customer-centric culture is a great fit with ours. We believe ITG will establish InterVision as the dominant force in the southern California market.”
ITG was owned by Kevin Barker and Doug Marlin, who will remain active in the business.
Huron Capital is an operationally-focused private equity firm that specializes in growing lower middle-market companies through its buy-and-build investment model.
Since 1999, the company has raised more than $1.8 billion in capital through six committed private equity funds and 140 investments.