Exit Strategies Group Advises Afineol in Sale to ITS

Exit Strategies Group recently served as financial advisor to the owners of Afineol IT Consulting, a Sacramento area-based managed IT service provider (MSP), on their sale to Intelligent Technical Solutions (ITS), a Tower Arch Capital portfolio company. The acquisition strengthens ITS’ geographic footprint and technical leadership position in the Sacramento region. Terms of the transaction were not disclosed.

Afineol’s founder, Michael Strong, said, “We were looking for a strategic partner to build on Afineol’s decades of technical services leadership, help us capitalize on significant growth opportunities in our market, and allow us to continue to deliver exceptional value to our customers. At the same time, the acquisition by ITS makes Afineol an even better place for our employees to work and develop their careers. “

Margaret Strong, President of Afineol, added, “Exit Strategies Group’s structured sale process attracted the attention of multiple buyer prospects and helped us achieve a win-win deal with a great partner. We couldn’t have made this happen without Exit Strategies.”

Exit Strategies Group acted as exclusive financial advisor to Afineol. This transaction demonstrates Exit Strategies Group’s strong commitment to providing sell-side M&A advisory and business valuation services to North American IT services companies. Since being founded in 2002, Exit Strategies has advised on well over 100 M&A transactions.

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For information about Exit Strategies Group’s M&A advisory or business valuation services, please contact Roy Martinez at 707-781-8583 or jroymartinez@exitstrategiesgroup.com.