WestView Capital Partners Exits Investment in VC3
March 16th, 2021
Boston, MA - WestView Capital Partners, a Boston-based growth equity firm, announced today that it has completed the sale of VC3, Inc. ("VC3" or "the Company"), a leading provider of managed IT services to local municipalities and commercial customers, to Nautic Partners, a Providence, Rhode Island based private equity firm.
Headquartered in Columbia, South Carolina, VC3 provides a full suite of IT services led by its fully outsourced hosted desktop offering, as well as remote managed services, cybersecurity and application development. With a distinct focus on the local government market, VC3 provides its customers with a differentiated customer experience given its depth of expertise with government applications, processes and compliance needs. Since WestView’s investment, the Company’s footprint has expanded, through both organic and inorganic growth, to include over 400 customers spanning 16 states.
“WestView has been a great partner during our time together. Their strategic guidance, financial support and, perhaps most importantly, leadership role in our M&A activities have been instrumental to our growth and development,” said Sandy Reeser, CEO of VC3. “Their deep experience in IT services allowed them to be a valuable partner in VC3’s growth.”
“We are extremely proud of our association with Sandy and the entire VC3 team. Their passion and dedicated focus on customer service and local government technology has helped them build a market leading company and we are proud to have been able to contribute to their growth,” said Matt Carroll, General Partner at WestView.
“We are thrilled to have played a part in this phase of the VC3 story,” said Greg Thomas, General Partner at WestView. “We look forward to cheering the team on in their next chapter.”
WestView and VC3 were advised by Latham & Watkins LLP on this transaction.
VC3 is a leading managed services provider with a focus on municipal government and mid-market businesses. Founded in 1994 and headquartered in Columbia, South Carolina, VC3 forms partnerships with organizations to achieve their technology goals and harness their data. In addition to providing comprehensive managed IT solutions, VC3 offers cybersecurity, cloud services, website design, custom application development, and business intelligence services. Visit www.vc3.com to learn more.
About WestView Capital Partners
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth and consolidation transactions in industries such as software and IT services, business services, healthcare technology and outsourcing, growth industrial and consumer. For more information, please visit www.wvcapital.com.