US-based managed IT and cybersecurity firm Acture Solutions has secured financing from the credit arm of real assets investor Stonepeak to fund its expansion.
Acture Solutions has received an unspecified amount of growth financing from Stonepeak Credit to support its continued expansion and to fund its acquisition of Artilus, a provider of cybersecurity, managed information technology and systems integration services.
Acture Solutions delivers 24/7 monitoring, cloud design and co-managed IT services for the K-12 education, healthcare, finance and non-profit sectors.
Rashad Kawmy, partner and managing director at Stonepeak, said: “This financing is a prime example of Stonepeak Credit’s ability to provide differentiated capital solutions.
“We are excited to leverage our experience and the broader Stonepeak platform to support Acture as it continues to build a leading, verticalised managed services platform focused on highly regulated end markets.”
Cole Taylor, vice-president at Stonepeak, said: “Acture serves as a trusted technology partner to K-12 institutions and other regulated organisations across the north-east, delivering the secure, reliable infrastructure and cybersecurity capabilities that are essential to daily operations.
“With deep domain expertise, long-standing customer relationships and a strong regional presence, we believe Acture is well positioned to support its clients’ evolving technology needs and continue expanding its platform.”
Gabriel Stacy, CEO of Acture, said: “Today marks an important milestone for Acture and for me as an owner and operator. This financing from Stonepeak Credit is an endorsement of the Acture and Artilus teams, our capabilities and our ability to execute, and we are excited about the opportunities that it will unlock, including our acquisition of Artilus.
“With Artilus, we will be the largest IT and cybersecurity firm focused on K-12 education here in New York State. Artilus’s technical expertise, broad service portfolio and deep relationships will be meaningfully additive as we continue to expand into additional markets across the north-east, and we look forward to working with the Artilus team for many years to come.”
Steven Mazza, founder in residence of Artilus, said: “Acture’s reputation, quality of service and technology, and strong cultural alignment with our guiding principles made this a compelling opportunity to be a part of something bigger.
“Together with Acture, we will have access to more resources to bolster our team, customers and offerings. Acture has built an attractive platform that is supportive of entrepreneurial businesses, and we are confident this union will propel our business forward over the coming years.”
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