Eureka Growth Capital portfolio company, Project Leadership Associates, a provider of business and technology consulting solutions, has completed the acquisition of Vital Networks, a provider of managed services and outsourced IT solutions. RBS Citizens, N.A. provided financing for the acquisition.
Eureka Growth Capital (“Eureka”) today announced its portfolio company, Project Leadership Associates (“PLA”), a leading national provider of business and technology consulting and outsourced solutions, has completed the acquisition of Vital Networks, a provider of managed services and outsourced IT solutions with offices in Sacramento, San Francisco, Boston and Seattle.
“We are excited to welcome Vital Networks to the PLA family,” stated Dan Porcaro, President and CEO of PLA. “Vital Networks is a natural fit because they offer a variety of technology consulting services and they are heavily focused on building strategic client and vendor relationships, much like PLA. As a national professional services corporation, PLA has clients across the country and our team has worked on a number of multi-million dollar projects outside of our core offices. We recently opened a new office in Detroit and now Vital Networks will help us broaden our reach and grow our operations on the east and west coasts.”
Doug Heestand, President and Founder of Vital Networks commented, “We couldn’t be more thrilled to be joining PLA. We have been introduced to many potential business partners over the years but no company ever came close to matching our passion for taking care of our customers and our people. PLA is a perfect match in this regard. They are truly customer-focused and you can tell by meeting their team they attract and retain the most-talented, well-rounded professionals in our industry.”
“The addition of Vital Networks to the PLA platform significantly increases our scale in managed services, broadens our service capabilities and provides branch locations on both coasts from which to offer PLA’s complete suite of services,” added Jonathan Chou, a Principal with Eureka and a Director at PLA.
RBS Citizens, N.A. provided financing for the acquisition.
About Project Leadership Associates
Project Leadership Associates is a business and technology consulting firm that empowers small, mid-market and enterprise organizations with services across four core solution groups: 1) Strategy & Execution; 2) Business Operations; 3) Applications; and 4) Infrastructure. PLA is headquartered in Chicago with offices in Detroit, Houston and New Orleans and now with offices in Sacramento, San Francisco, Boston and Seattle.
About Eureka Growth Capital
Eureka Growth Capital is a private equity firm providing capital and trusted counsel in partnership with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka is committed to supporting exceptional management teams of businesses with $10 million to $75 million in revenue. Eureka leads buyouts that bring significant ownership to the managers driving the success of the business as well as minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders.