Arlington Capital Partners Announces the Acquisition of Intellectual Technology, Inc.
WASHINGTON, DC, January 28, 2019 – Arlington Capital Partners (“Arlington Capital”), a Washington, DC-based private equity firm, today announced it has acquired Intellectual Technology, Inc. (“ITI”). ITI has over 25 years of experience developing solutions for motor vehicle agencies, providing DMV software used throughout North America to increase the speed, visibility, and security of motor vehicle transactions. The Company’s existing shareholders, including Vicente Capital Partners and management, have reinvested in this transaction.
ITI’s technologies offer a fully integrated department of motor vehicles solution suite, including software and equipment that can be used to track vehicle registrations, manage the production of and inventory for license plates and drivers licenses, and administer skills and knowledge tests to constituents. ITI has a blue-chip customer base consisting of 34 U.S. States and Canadian Provinces. ITI is headquartered in Carlsbad, California with a significant presence in Fort Wayne, Indiana.
Michael Lustbader, a Managing Partner at Arlington Capital, said, “We are excited to partner with Vicente and the ITI management team to further increase the speed and efficiency of DMV services. Through approximately 400 self-service kiosks in 11 states, ITI is transforming the interaction between government and their constituents as ITI’s kiosks become the preferred constituent portal. ITI’s highly recurring business model and public sector customer set is a perfect fit with Arlington’s investment mandate.”
Drew Nicholson, President of ITI, said, “We are a company dedicated to operational efficiency, and our collective vision for current and prospective customers is to leverage technology to address the repetitive and predictable tasks that DMVs must perform on a daily basis so that they can focus on complicated, more nuanced constituent interactions and adhering to federal legislation such as RealID. With a renewed focus on organic and inorganic investments, paired with Arlington’s experience investing in the government technology market, our organization is primed for tremendous growth in the coming years.”
Ben Ramundo, a Vice President at Arlington Capital, said, “In an environment where constituents expect better service from their state, local and municipal authorities, ITI’s solutions deliver the innovative technology that is enhancing the user experience at DMVs nationwide. We are not only thrilled to partner with the management team, but also eager to invest behind their initiatives to build new products and technologies that will allow the Company to pursue adjacent market opportunities.”
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-area private equity firm that has managed $2.2 billion of committed capital via four investment funds. Arlington focuses on middle market investment opportunities in growth industries, including: government services and technology, aerospace/defense, healthcare, and business services and software. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company’s position as leading competitors in their field. www.arlingtoncap.com
About Intellectual Technologies, Inc.
ITI is the leading provider of unique DMV on Demand solutions that help motor vehicle agencies throughout North America increase speed, visibility and security of motor vehicle transactions. Whether services are delivered at, or behind the counter, in fulfillment centers, via self-service, or on a mobile device, ITI’s DMV on Demand software provides motor vehicle agencies the ability to service customers where ever they are located. http://www.iti4dmv.com/
Michael Lustbader and Ben Ramundo
Arlington Capital Partners
5425 Wisconsin Avenue, Suite 200
Chevy Chase, MD 20815
SOURCE: Arlington Capital Partners