This is technology M&A deal number 256 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Fulcrum IT Partners is based in Delaware. Fulcrum is the parent company of IT solution companies in the UK, Canada and the U.S. Fulcrum holds a majority stake in Tieva, a cloud and infrastructure provider in the United Kingdom and iOn, an MSSP in Calgary, Alberta.
F3 Technology Partners, established in 2007, is headquartered in West Hartford, Connecticut. The company has 43 employees listed on LinkedIn. F3 Technology Partners specializes in Virtualization, Systems, Storage Solutions, Oracle Database, Security Services, Cloud Computing, Data Center Modernization, Data Protection, Cloud Architecture, and Remote Managed Services.
Enhanced Vertical Growth for Fulcrum
The acquisition is part of Fulcrum's strategy to expand its partnerships in the technology solutions sector, according to the company.
F3 has a presence in the Healthcare and Financial Services sectors, aligning with Fulcrum's vertically-focused growth strategy.
Over the past 15 years, CRN has recognized F3 several times, and the company has established partnerships with vendors such as Cisco, VMWare, and NetApp in areas like cloud, data center, and automation/DevOps solutions.
Fulcrum IT Acquires F3 Technology: Additional Commentary
Kyle Lanzinger, President, U.S. & Canada of Fulcrum IT Partners, commented:
"We are excited to welcome F3 to the Fulcrum family and build on our managed service and cybersecurity excellence, delivering outcome-focused solutions. F3’s strong presence and successful track record in the Healthcare and Financial Services verticals firmly complements our existing capabilities."
Jeff Monnes, Founder of F3 Technology Partners, said:
"We are very excited to be able to move forward with the same personalized account management that we have offered to our customers over the past sixteen years while at the same time providing access to the additional services and capabilities of the Fulcrum family of companies.”
Kelly Carter, Chief Strategy Officer of Fulcrum IT Partners, added:
"The acquisition of F3 is a significant step forward in Fulcrum's strategic expansion. F3's strong foothold in the Healthcare and Financial Services verticals aligns seamlessly with our vertical strategy."
Fulcrum's M&A Activity
This is Fulcrum's fourth acquisition of 2023. Fulcrum has made other strategic acquisitions, including buying Canadian IT services leader Stoneworks Technologies in July 2023 and Advizex in March 2023.