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27 Aug 15. Vology, Inc. a leading national IT solutions company, has acquired VITAL Network Services of Tampa, an international provider of network support services representing some of the largest and most widely known corporate brands in the nation. Terms of the acquisition were not disclosed and VITAL Network Services will be a wholly-owned subsidiary of Vology, Inc.
“This investment immediately and substantially advances Vology’s market position as an outsourced provider of IT infrastructure management services, and we intend to continue along this growth path, both organically and through incremental complementary acquisitions,” says Barry Shevlin, Vology’s CEO and founder. “With our customers’ core needs in mind, this acquisition will allow us to scale Vology’s complete services portfolio on a national level while integrating VITAL’s 24/7/365 support mentality, furthering our mission of delivering IT freedom in evolved and unprecedented ways.”
This acquisition allows the combined company to reach more than $215m in revenue while employing more than 400 engineering, sales and operational professionals across the U.S. With the expanded capabilities, Vology will be able to deliver more comprehensive IT solutions by leveraging fully redundant remote network operations and service desk facilities. This results in seamless management of more than 100,000 devices on a 24/7/365 basis. To support its customers’ increased demands and growth trajectory, Vology expects to add more than 85 new positions in the foreseeable future, half of which will be fulfilling engineering roles.
“I am very pleased to see VITAL become part of Vology, a company that is one of the fastest growing and best places to work in the greater Tampa Bay area,” says VITAL CEO John Koehler. “As it became time for me to step back and spend more time with family, I wanted to find the best company possible for the employees and customers of VITAL. That best company was Vology.” Koehler adds that the Vology acquisition would make a wider range of solutions available to VITAL’s existing client base.
“We will be acutely focused on combining the best solutions and capabilities from both companies to ensure we collectively provide our customers with an unparalleled experience,” says Steve Torres, Vology’s chief operating officer. Vology financed the acquisition with growth capital provided by SunTrust Bank as syndicate lead for the company’s senior credit facility, as well as from Capitala Finance Corp. of Charlotte, N.C. (Source: Yahoo!/PRNewswire)
25 Aug 15. HEICO Corporation makes two more important acquisitions. HEICO Corporation (NYSE:HEI.A) (HEI) has completed two acquisitions, in addition to one announced last week. Both purchases were made for cash, but other transaction terms and financial details were not disclosed.
HEICO stated that it expects both acquisitions to be accretive to its earnings within the first year after the closing.
MIDWEST MICROWAVE SOLUTIONS, INC.
The Company’s Electronic Technologies Group completed the acquisition of 80.1% of the shares of privately-held Midwest Microwave Solutions, Inc. (“MMS”) from MMS’s founders/managers.
Hiawatha, IA-based MMS designs, manufactures and sells unique Size, Weight, Power and Cost (SWAP-C) optimized Communications and Electronic Intercept Receivers and Tuners for military and intelligence applications. MMS’ front-end RF and Microwave hardware is used by the U.S. Intelligence Community for Signal Intercept applications, such as search, data collection, precision geolocation, direction finding and beamforming operations.
Tracing its roots to 2005, MMS will continue to be 19.9%-owned by its founders and senior management team of President