Mazzone & Associates Advises iVision on its Sale to CIVC Partners
Mazzone & Associates (“Mazzone”) is pleased to announce that it acted as the exclusive financial advisor to iVision, Inc. (“iVision” or the “Company”) with respect to its sale to CIVC Partners (“CIVC”) in partnership with management.
Reflecting on the transaction, David Degitz, Managing Member of iVision, noted, “We are excited about our new partnership with CIVC and their ability to help us achieve our growth goals. The Mazzone team proved to be invaluable in conducting their marketing process through these uncertain times. Their team tailored the process, notwithstanding limitations of travel due to COVID, to ensure we found a high-quality partner that would close with speed and certainty.”
Gabe Damiani, Managing Member of iVision, noted, “We began planning this transaction with the Mazzone team several years in advance. They became well-versed in our business and acted as an extension of our team, which yielded an efficient process despite challenges due to COVID with respect to deal making.”
Andrew Roche, a Vice President with CIVC, commented, “We are thrilled to partner with David, Gabe and the rest of the management team to grow an already clear leader in the IT managed services space. The Mazzone team did a superb job making the transaction efficient for all parties throughout the deal.”
Dom Mazzone, Managing Director at Mazzone, noted, “David and Gabe have built a world class organization at iVision. It was an honor to work with their team and help select a partner that aligns with their culture and values. We believe iVision and CIVC are poised for tremendous success in their new partnership.”
Headquartered in Atlanta, Georgia, iVision is a leading managed services and technology consulting provider for mid-market and enterprise clients. The Company supports clients across the globe and possesses deep expertise in the legal vertical. Over the last 16 years, iVision has established itself as a premier managed services provider, serving the complex cloud, data center, networking, security and application needs of its clients.
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in business services sectors. Since 1989, the team has invested approximately $1.8 billion in 67 platform companies and currently invests from CIVC Partners Fund V.