Atlanta, GA, (September 5, 2018) – FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that FutureTech Holding Company (FTH) has acquired PDS, LLC. FOCUS represented FTH in this transaction.
PDS, established in 1987 and headquartered in Denver, CO, has offices in Phoenix, AZ and Salt Lake City, UT and is one of the leading Information Technology (IT) & Engineering consulting firms in the Western United States. With a combined strength of 300 professionals working across 20 states, and as an expert on people, data and solutions, PDS provides award winning solutions and exceptional service to its clients.
FTH, established in 2005 and based in Peachtree Corners, GA, is a leader in IT and IT enabled services with strategic holdings in the financial, technology and healthcare sectors.
Tom Sweetman, President & CEO of PDS said, “Joining FTH will afford greater opportunity to our consultant base. We will be much more robust in our delivery capabilities, allowing us to better serve our clients. It is a great fit for PDS and we are excited to join the FTH family.”
Sravan Vellanki, Chairman & CEO of FTH said, “We are very impressed with the PDS team’s professionalism and their honest commitment to their clients. We have several clients and employees located near PDS offices and have been looking for ways to expand our presence there. We are very excited to bring the PDS team into our family.”
Manan Shah, FOCUS Partner and IT team co-leader added, “PDS is a key addition to the FTH portfolio, given their presence in the southwest and strong engineering competencies. The combination will create significant benefits to both companies and especially their customer base. We are pleased to have put together this transaction.”
George Shea, FOCUS Partner and IT team co-leader commented, “This acquisition is highly accretive both operationally and financially. PDS adds significant new, complementary capabilities to the FTH family of companies and will be an excellent addition for FTH.”
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
About FOCUS Investment Banking LLC
With more than three decades of experience, FOCUS Investment Banking is a trusted name in M&A advisory services worldwide. FOCUS works to understand each client’s strategic and financial objectives, craft the best plan to achieve these goals, and deliver success. Whether helping to sell, buy, or raise capital, FOCUS strives to maximize the value of every transaction to the benefit of its clients. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS and its IT practice, please visit www.focusbankers.com/technology.