Investment Summary

IMB Partners Invests In eTel

On July 18, 2023, private equity firm IMB Partners invested in information technology company eTel

Investment Highlights
  • This is IMB Partners’ 3rd transaction in the Information Technology sector.
  • This is IMB Partners’ 9th transaction in the United States.
  • This is IMB Partners’ 2nd transaction in Virginia.

Investment Summary

Date 2023-07-18
Target eTel
Sector Information Technology
Investor(s) IMB Partners
Deal Type Growth Capital

Target

eTel

Leesburg, Virginia, United States
eTel provides reliable solutions for business & information technology management and services. The company delivers IT services, agile and DevOps development, big data services, IT program management, and cyber security services. eTel is based in Leesburg, Virginia.

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Investor(S) 1

DESCRIPTION

IMB Partners is a private investment firm focused on investing in and acquiring middle-market companies ($10 to $250 million of revenue) in partnership with management teams. The Firm has a special interest in companies that supply large corporations and the government. IMB Partners was formed in 2010 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 9 of 9
Sector: Information Technology M&A 3 of 3
Type: Growth Capital M&A Deals 9 of 9
State: Virginia M&A 2 of 2
Country: United States M&A 9 of 9
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-28 Farwest

Downey, California, United States

Farwest is a cathodic protection and corrosion control services company involved in materials design, distribution, project engineering, and installation. It is a recognized preferred supplier by major underground pipeline companies based on its solutions-oriented approach, knowledgeable and responsive team, and high-quality products. Farwest was founded in 1956 and is based in Downey, California.

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