Nautic Partners and VC3 management partner to complete recapitalization of VC3
March 17, 2021
COLUMBIA, SC. & PROVIDENCE, RI – Nautic Partners announced that in partnership with VC3 management, it has finalized the recapitalization of the VC3 family of companies. VC3 is a market-leading managed information technology (IT) service provider to local governments and commercial customers based in Columbia,, SC.
The new partnership will allow VC3 to invest in core areas such as customer success, technical talent, and new technologies along with expanding core solution offerings such as cybersecurity and cloud. VC3 will leverage these investments to accelerate its geographic expansion.
Sandy Reeser, VC3’s Chief Executive Officer, said, “I am incredibly proud of the team we have at VC3, the passion our team has for serving our clients, and the growth we have experienced to date. We are very fortunate to have the opportunity to partner with Nautic, who also shares our vision of serving municipalities and businesses across the country while maintaining our culture and service excellence.”
Latham & Watkins LLP served as legal advisor to VC3 and their shareholders, including WestView Capital Partners. Locke Lord LLP served as legal advisor to Nautic. Additional financial support for VC3 was provided by Deerpath Capital Management, LP.
– BUSINESS WIRE
About VC3
VC3 is a leading managed services provider with a focus on municipal government and mid-market businesses. Founded in 1994 and headquartered in Columbia, South Carolina, VC3 forms partnerships with organizations to achieve their technology goals and harness their data. In addition to providing comprehensive managed IT solutions, VC3 offers cybersecurity, cloud services, website design, custom application development, and business intelligence services. Visit www.vc3.com to learn more.
