Private equity co. acquires American Fork-based consultancy firm FortifyIT
Heckens & Wood Capital LLC, a lower middle market private equity firm focused on managed service providers in high-growth markets, has acquired American Fork-based FortifyIT LLC, an IT consultancy delivering a broad range of managed IT, cybersecurity and cloud-based solutions ito companies in manufacturing, human performance and capital, retail product, family office, solar, training, marketing, technology, health food companies and others.
FortifyIT is Heckens & Wood’s first acquisition in the firm’s endeavor to build a comprehensive managed IT services platform, the company said. Terms of the deal were not disclosed.
“The acquisition of FortifyIT is a first step in building an integrated managed IT services platform focused on developing and delivering exceptional IT solutions,” said Thomas Heckens, co-founder and managing partner for Heckens & Wood. “FortifyIT exemplifies the partner-focused mentality of Heckens & Wood, an approach that will continue to be a guidepost as we grow the company into a national provider.”
Under Heckens & Wood ownership, all FortifyIT employees and clients will continue to be supported, Heckens said. FortifyIT founder Mike Williams will serve as the company’s chief operating officer and Tim Wood, co-founder and managing partner for Heckens & Wood, will serve as CEO.
“I’m excited about the investment, leadership expertise and vision that Tim and the Heckens & Wood team have already brought to FortifyIT,” said Williams. “We have a strong customer base here in Utah. Tim and Tom’s commitment to ensuring that both our employees and current customers remain at the heart of our business was a key differentiator in choosing Heckens & Wood as our partner for the next phase of our growth.”
“Mike and the FortifyIT team have built a tremendous foundation for growth,” Wood said. “As we move forward, our commitment to ensuring operational efficiency and cutting down operating expenses positions us well to increase service offerings and market share all while keeping up with the ever-accelerating pace of innovation. Exciting times ahead.”