Acture to use financing to support its continued growth and acquisition of Artilus
Acture Solutions (“Acture” or the “Company”), a leading managed service provider serving K–12 educational and regional organizations across the Northeast, today announced that it has received strategic growth financing from Stonepeak Credit. This financing will support the Company’s continued expansion, including through its acquisition of Artilus, Inc. (“Artilus”), a Long Island–based provider of cybersecurity, managed information technology, and systems integration services.
Leveraging its state-of-the-art operations, Acture offers educational and community centric institutions customized IT services, cybersecurity, cloud solutions, and tailored IT projects to make their IT experiences and workplace as efficient as possible while prioritizing customer and data safety. Under the stewardship of a management team with over 100 years of combined experience, the Company has continued to grow, most recently through its acquisitions of a New York City–based managed services provider focused on financial services and Computer System Integrators, Inc. (“CSI”), a Hudson Valley-based IT managed services, infrastructure, and cybersecurity provider. Now through its acquisition of Artilus, Acture is further expanding its footprint, bringing its top-quality services to even more customers. Gabriel Stacy remains the majority owner and Chief Executive Officer of Acture, and Steven Mazza has been named as Founder-in-Residence at Artilus, supporting client relationships and strategic initiatives.
“Today marks an important milestone for Acture and for me as an owner and operator,” said Gabriel Stacy, Chief Executive Officer of Acture. “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’ technical expertise, broad service portfolio, and deep relationships will be meaningfully additive as we continue to expand into additional markets across the Northeast, and we look forward to working with the Artilus team for many years to come.”
“We are proud to join the Acture platform,” said Steven Mazza, Founder-in-Residence of Artilus. “Gabriel and I have spent the last two years developing a close relationship, culminating in this transaction. 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.”
“This financing is a prime example of Stonepeak Credit’s ability to provide differentiated capital solutions,” said Rashad Kawmy, Partner and Managing Director. “We are excited to leverage our experience and the broader Stonepeak platform to support Acture as it continues to build a leading, verticalized managed services platform focused on highly regulated end markets.”
“Acture serves as a trusted technology partner to K–12 institutions and other regulated organizations across the Northeast, delivering the secure, reliable infrastructure and cybersecurity capabilities that are essential to daily operations,” said Cole Taylor, Vice President at Stonepeak. “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.”
Bank Street Group LLC served as exclusive financial advisor and Stinson LLP served as legal advisor to Acture Solutions. Greenberg Traurig LLP served as legal advisor to Stonepeak Credit.
