Fulcrum IT Services has announced a private equity partnership with Boyne Capital Partners and Grindstone Partners. Together, the two private equity firms and the management team of Fulcrum IT completed the buyout of the company.
The current management team at Fulcrum IT will remain in place, with Jeff Handy remaining as CEO and President and Carroll Johnson as CFO.
“We continue to grow our customer list of leading intelligence agencies and cutting edge civilian agencies, and we will now be able to bring even greater resources to our customers”, said Jeff Handy, CEO and President of Fulcrum IT Services. “Our new investors will help us drive new growth strategies and new service capabilities and resources and we’re very excited about the partnership.”
Derek McDowell, Managing Partner of Boyne Capital, said “Fulcrum IT has built a terrific legacy of providing top notch service and delivery to its customers. The management team is very seasoned and has built a substantial organization serving some of the leading agencies of the government. We are very excited to partner with Jeff and Carroll to support their initiatives for the business.”