Capstone Partners advised IOvations—a Massachusetts-based cybersecurity solutions provider—on its acquisition by Alchemy Technology Group, a portfolio company of Avance Investment Management. The transaction closed in April 2026 and terms of the deal were not disclosed.
IOvations is a Burlington, Massachusetts-based cybersecurity solutions provider focused on helping customers protect critical systems, data, and users. The company was founded in 2004 by Jim Sacco and specializes in modern security architectures with a focus on delivering Zero Trust security to a broad range of industries. IOvations works closely with customers to design and operate practical, resilient security programs that keep pace with evolving risks and regulatory requirements. For more information, please visit IOvations here.
Capstone demonstrated a deep understanding of the markets they specialize in and took the time to truly understand our business, including the unique nuances that every company faces. Once engaged, they were highly efficient—never wasting time on potential deals that were unlikely to succeed. Most importantly, after an agreement was reached, their commitment intensified as they worked tirelessly to see the transaction through to a successful final close.
IOvations delivers Zero Trust security to a wide range of industries offering extensible solutions and services and consistently delivers outcomes that enhance each organization’s agility, scalability, and readiness—no matter the size and scope. This acquisition expands Alchemy Technology Group’s cybersecurity portfolio and further extends its geographic reach into the Northeast, giving customers access to deeper expertise in cloud security, advanced threat detection, and Zero Trust architectures. IOvations brings long-standing customer relationships and proven experience helping organizations build modern security strategies.
Tom McConnell, Managing Director at Capstone Partners observed, “IOvations is a great example of a company which has consistently delivered great outcomes for its customers over an extended time period resulting in deep relationships. By combining forces with Alchemy, new opportunities open for the benefit of both companies’ constituents. The value drivers for this transaction are also fueling more widespread corporate development activity of publicly traded and private equity backed strategics seeking accretive, add-on acquisitions for buy and build strategies.”
Alchemy Technology Group is an award-winning reseller of next-generation technology solutions and a provider of high-touch consulting and advisory services. Focused on critical software solutions such as cybersecurity, digital workspace, data, cloud, application development, and AI, Alchemy was purpose-built to go beyond the offerings of a traditional VAR and take a truly client- and vendor-centric approach. For more information, please visit Alchemy here.
Avance Investment Management is a private equity firm with a passion for building great businesses in partnership with talented founders and management teams. Avance focuses primarily on thematic investments within the Services, Technology, and Consumer areas in the U.S., seeking attractive opportunities with catalysts for growth and fragmented spaces with consolidation opportunities. Avance’s team has a long history of partnering with founder-owned businesses, industry executives, and management teams and aims to add value to each investment through the application of its STAGE™ value creation framework. Avance has offices in New York and Miami. For more information, please visit Avance here.
The investment banking professionals on Capstone Partners’ dedicated Aerospace, Defense, Government, and Security Team work with leading middle market companies operating in the Cybersecurity market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Cybersecurity Investment Banking Team, contact us here.
