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Enlightenment Capital completed the investment in Summit Technology Consulting.

Financials

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Transaction Value-
Consideration TypeCash
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Capital Bid For-
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EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United States

IT Services: Other

Acquisition

Private Equity

Minority

Domestic

Completed

Private

Single Bidder

Friendly

United States Minor Outlying Islands

digital transformation

Synopsis

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Enlightenment Capital, a private investment firm that makes control and strategic, non-control investments in middle-market businesses in the Aerospace, Defense, Government & Technology sector completed the investment in Summit Technology Consulting, a company specializing in the delivery of advanced digital transformation consulting, tech-enabled services, and cloud-based workflow and transactional solutions to government agencies and financial institutions. Financial terms were not disclosed. “With Enlightenment’s support, we are accelerating our product development, expanding our support across government agencies and continuing our investments in the financial technology market,” Ben Wallace, Summit Technology Consulting CEO.

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