InterVision Systems, which is backed by Huron Capital, has acquired Indianapolis-based Bluelock, a provider of disaster recovery and infrastructure-as-a-service solutions. No financial terms were disclosed. Q Advisors provided financial advice to InterVision and Huron Capital on the transaction.
Detroit, MI – March 15, 2018 – Leading lower-middle-market private equity firm Huron Capital today announced its information technology solutions platform InterVision Systems has acquired Indianapolis, Indiana-based Bluelock, an industry leader in disaster recovery and infrastructure as a service solutions.
For more than a decade Bluelock has provided expertise, guidance, and proactive support to help organizations mitigate IT risks surrounding complex environments and sensitive data through disaster recovery as a service and infrastructure as a service solutions. Bluelock is recognized by technology research firms Gartner and Forrester as a visionary and leader in its category.
“InterVision has the services, solutions, people, and technical expertise to serve clients wherever they are in their journey – from traditional on-premise and managed services to private and public cloud,” said Christopher Clapp, CEO of Bluelock. “By joining the specialized expertise of Bluelock with InterVision and Huron Capital, we expect to better leverage our success and bring our specific expertise and experience into more client relationships.”
“With a strong position in the marketplace and a great cultural fit, we believe Bluelock is an important addition to the InterVision platform as we grow our service lines and national reach,” said Matt Hare, Partner at Huron Capital. “This move continues our buy and build strategy, and should further position InterVision as a key player in the IT solutions industry.”
Investment banking firm Q Advisors acted as exclusive financial advisor to InterVision and Huron Capital on the transaction.
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 150 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million.
Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm’s operational approach to creating value. Huron Capital’s sector focus includes business services, consumer products & services and specialty industrials. For more information, please visit www.huroncapital.com.
InterVision’s mission is to unlock value by delivering innovative technology through a consultative approach. The company delivers innovation through a broad portfolio of IT managed services, on-premise solutions, professional services, cloud solutions, automation, and consulting services that organizations need to thrive in today’s dynamic IT market. InterVision’s vendor-certified sales and engineering staff have specialized expertise in all areas critical to IT environments. The company has regional headquarters in Santa Clara, Calif. and St. Louis, Mo., as well as offices and data centers in the Central and Western U.S. Learn more at www.intervision.com.
Bluelock provides Disaster Recovery-as-a-Service for complex environments and sensitive data to help companies mitigate risk with confidence. Bluelock is the provider enterprise organizations turn to for highly resilient cloud services because of its ability to support unique requirements. Its exclusive program, Bluelock Recovery Assurance™ gives clients complete confidence their disaster recovery solution will be uncompromisingly secure, expertly tailored, thoroughly supported and comprehensively tested. With data centers in the US, Bluelock supports a wide range of compliance frameworks and is SOC 2 Type II audited. For more information, visit www.bluelock.com.
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