Announced
Completed
Financials
Tags
Private Equity
Acquisition
Completed
Single Bidder
Friendly
IT service management
IT Services: Other
United States
Big Data technologies
cyber security services
Private
Majority
Domestic
Synopsis
IMB Partners, a middle market private equity firm specializing in utility, industrial, and government contracting services, completed the acquisition of eTelligent Group,a provider of emerging technologies and program management solutions to the US Government. Financial terms were not disclosed. “We are excited to hit the ground running with the highly-skilled and experienced team of professionals at eTel. The eTel team has laid some very impressive groundwork, and IMB sees a great opportunity to grow, diversify, and strengthen the business both inside and outside of the IRS. eTel is the partner we have been looking for, and we are ready to roll up our sleeves with eTel and further our commitment to serving the GovCon sector,” Norman Yu, IMB Partners Director.
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