Buy-Side Representation of FVLCRUM, a Renowned Private Equity Investment Firm

JFS Partners, a specialized M&A Advisory and Consulting firm facilitating transactions in the MSP, cloud, colocation, and communications industries, announced today the acquisition of Advanced IT Concepts (AITC), an Orlando, Florida, area award-winning technology solutions provider, by FVLCRUM Partners (FVLCRUM).

JFS Partners served as buy-side advisor to FVLCRUM, a lower middle market buyout firm based in the Washington, D.C. Metro Area focused on investing in diverse companies to generate sustainable opportunity for underserved communities while simultaneously driving strong investor returns.

AITC is a leading player in the technology industry and has been recognized for its fast growth. The company earned a spot on the 2022 Washington Technology Fast 50 list of the fastest-growing government contractors nationwide. The acquisition of AITC represents a strategic move to expand FVLCRUM's portfolio and presence in the government contracting and technology sectors.

"JFS Partners provided an invaluable support throughout the AITC acquisition," said Chijioke Asomugha, Partner at FVLCRUM. "We are excited to align FVLCRUM's equity capital, experience, and network access to drive accelerated growth for AITC. JFS Partners' deep industry knowledge and commitment to delivering exceptional results were instrumental throughout the deal process."

"We are pleased to have advised FVLCRUM on this acquisition," said Jim Farrell, CEO of JFS Partners. "AITC is a remarkable company with a strong track record of delivering cutting-edge technology solutions. We are confident that this strategic move will unlock new opportunities and drive growth for FVLCRUM."

The terms of the transaction were not disclosed.