VC3, a managed service provider (MSP) in the financial services and government markets, has purchased GO Concepts, which provides managed IT services, business continuity and cybersecurity and cloud solutions to similar sectors.
Financial terms of the transaction were not disclosed.
This is technology M&A deal number 313 that MSSP Alert and sister site ChannelE2E have covered so far in 2023.
VC3, founded in 1994, is based in Columbia, South Carolina. Its areas of expertise include cybersecurity, managed services and technology enablement.
GO Concepts, founded in 1997, is based in Lebanon, Ohio. It serves the government market and also provides solutions to county boards, agencies, and independent providers for those with developmental disabilities. The MSP said it is a frequent supporter of events and fundraisers.
Why the Merger Works
The acquisition of this experienced managed service provider adds a deeper Midwestern presence to VC3’s geographic footprint, the company said.
Ryan Vestby, VC3’s chief executive, emphasized that there is good symmetry between the two companies.
“Like VC3, GO Concepts dedicates its focus and mission to governmental entities and businesses, with a similar set of core values," he said. "Our teams also align in our breadth and depth of knowledge related to managed services, cybersecurity, cloud and business continuity. Their Southwest Ohio location, at the crossroads of the Midwestern, Eastern and Southern U.S. regions, deepens our local presence in a key part of our market. The GO Concepts team has earned a high reputation in Ohio, and we are excited for them to join VC3’s constantly growing organization.”
GO Concepts CEO John Gambill, Jr. added, "As always, our passion remains steadfast in aiding those who dedicate themselves to service. With this acquisition, we're not only expanding our horizons but strengthening our mission to deliver unparalleled IT services to those organizations and businesses championing the support of people with developmental disabilities in Ohio.”
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In August, VC3 acquired Wellteck IT to extend its reach across North America. Wellteck, founded in 2014, is based in Midland, Texas. Wellteck's areas of expertise include cybersecurity, managed services and IT consulting.