FVLCRUM Funds Announces Acquisition of Fidelity Technology Services
FVLCRUM Funds is pleased to announce the acquisition of Fidelity Technology Services (FTS), a leading provider of military simulation training systems and services to the U.S. Department of War (DoW) and allied nations. FTS will join FVLCRUM’s portfolio of IT, Simulation, Services, and Training providers, which includes Advanced IT Concepts (Advanced IT), as a part of its Project Maverick strategy. Together, these companies will deliver a full spectrum of mission-critical solutions to the DoW and its allies.
Founded in 1987 and headquartered in Reading, Pennsylvania, Fidelity Technology Services provides advanced training and simulation services for the U.S. Navy, U.S. Air Force, and allied defense partners worldwide. The company has a long history of delivering simulation training systems and field support services for key DoW programs, earning it a reputation as a market leader.
Advanced IT, a FVLCRUM portfolio company, provides IT infrastructure integration, cybersecurity, simulation services, and other government services to DoW and allied foreign nations. Together, the combined Company forms a comprehensive flight simulation and training platform with capabilities spanning all branches of the U.S. military.
Advanced IT and FTS will operate as independent business entities for contracting purposes and will roll up under the FVLCRUM Maverick Acquisition Company. This structure will enable the businesses to collaborate on opportunities and leverage each other’s strengths. The Maverick strategy will be led by Juan Navarro.
“I am pleased to welcome FTS, a recognized leader in simulation and training, to the FVLCRUM fold, where it will bring a full array of industry-leading solutions that complement Advanced IT’s IT and simulation offerings,” said Juan Navarro, CEO of Maverick.
The combined strategy will unlock immediate synergies through complementary capabilities, expanded service offerings, and enhanced opportunities to serve customers throughout the defense community.
“This acquisition reflects FVLCRUM’s commitment to serving the readiness of U.S. military personnel through partnerships with strong management teams and investments in businesses that provide essential services, create economic opportunity, and generate long-term value,” added FVLCRUM partner Andre Castillo.
ABOUT FVLCRUM:FVLCRUM Funds is a growth-driven private equity firm investing in lower middle-market companies that provide mission-critical services to large enterprises and governments. Since 2013, the team has applied a capital markets approach to addressing the U.S. wealth gap, aligning investment performance with meaningful societal impact. For more information, please visit www.fvlcrum.com.
ABOUT FIDELITY TECHNOLOGY SERVICES
Fidelity Technology Services is a leading global supplier of quality services and products to Government and Department of Defense clientele in the areas of simulation and training, field support services, and military and aerospace manufacturing. Fidelity prides itself on having a customer-oriented approach to developing systems that are modular, customizable, and able to support future systems. As a defense contractor, Fidelity works to provide innovative solutions that address the ever changing needs of the warfighter. For more information, visit: www.fidelitytech.com.
