ACT Capital Advisors (https://actcapitaladvisors.com/) a Northwest-based merger and acquisition advisory firm announces the strategic acquisition of iFusionIT by First-Tek. Since 2007, iFusionIT has provided qualified software staffing and consulting solutions to some of the most recognizable tech brands in the Pacific Northwest. Since its inception the company has played a vital role in assisting clients with their internal and partner technology development goals. For personal reasons, the shareholders retained ACT to assist in the sale of the business as part of a pre-arranged strategic sale.
ACT Managing Director Robert Hild and Associate Director Nate Nead, iFusionIT lead iFusionIT carefully through ACT’s unique auction process for maximizing value. The process involves bringing multiple strategic buyers to the table, ensuring each potential buyer has a keen motivation for paying a premium for the business. With multiple buyers in tow, ACT pits the various buying parties against one another in a private business auction. As a consequence, the sellers are able to get a premium over the market value of the business.
“Our auction process works as well for lower mid-market companies as it does for larger businesses serviced by some of the largest investment banks,” says Robert Hild, Managing Director at ACT. “This repeatable auction process is perhaps the biggest differentiating feature between ACT and other competing firms.”
Like any deal, the iFusionIT acquisition posed its own unique challenges, but the ACT team maintained focus on the desired outcome, ensuring due diligence and closing occurred with with minimal discomfort to the various parties involved. “We worked tirelessly to ensure the iFusionIT shareholders achieved the outcome they ultimately desired,” says Hild. “The difficulty of the process further underscored the need for business sellers to retain qualified, expert guidance in navigating the acquisition process. We’re extremely pleased at the outcome,” Hild says.
About ACT Capital Advisors
For over 25 years ACT Capital Advisors has advised clients in the lower middle-market on various merger and acquisition transactions. Since inception, the company has completed over $1 billion in transaction volume in a number of various sectors including light manufacturing, aerospace, IT consulting and oil distribution. The firm has offices in Seattle, Portland, Phoenix and New York. For more information, please visit https://actcapitaladvisors.com/