News Releases

Heritage Capital Advises iVenture in Acquisition

Heritage Capital Group is pleased to announce that its client, iVenture Solutions, has successfully acquired Gwanda, an IT solutions provider. The acquisition of Gwanda represents another milestone in iVenture’s growth strategy, which includes expanding its service offerings and geographic footprint.

iVenture Solutions is a managed service provider, founded in Jacksonville, Florida in 2000. The firm expanded to Orlando in 2008, Tampa in 2015, and currently provides coverage for clients across Florida. iVenture's dedicated team structure balances technical depth and availability with a personal touch to eliminate IT stressors from its clients' day-to-day operations. The result is an exceptional experience that is based on the client's needs and requirements.

Based in St. Augustine, Florida, Gwanda was established in 2004 as an innovative technology services company. The company is a full-service integrator, and specializes in network design, installation, maintenance, and administration for small to mid-sized businesses in North Florida.

Heritage served as the exclusive financial advisor and intermediary to iVenture. The deal team included Bill SorensonDon Wiggins, and Robert Cilek. The terms of the transaction were not disclosed.

Alan Schwartz, president of iVenture stated, “We're excited about the growth prospects for this acquisition for both our new and future St. Augustine clients, as well as our new members of the iVenture family. Gwanda has a reputation in the area as a leading IT solutions provider, which we will foster, enabling iVenture to continue its growth strategy in the Southeast.”

The terms of the transaction were not disclosed.

For more information about the deal, click here.

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