Alchemy Technology Group Acquires Freeit Data Solutions, an Austin-Based IT and Cybersecurity Solutions Provider

HOUSTON, Oct. 28, 2026 /PRNewswire/ -- Alchemy Technology Group, a cybersecurity advisory, consulting, and reseller firm and a portfolio company of Avance Investment Management, has acquired Freeit Data Solutions, Inc., an Austin-based provider of data management, infrastructure, and cybersecurity solutions.

The acquisition enhances Alchemy's presence in Texas and strengthens its capabilities across security and compliance, hybrid cloud, backup and protection, storage and hyperconvergence, virtual desktop infrastructure, data archiving, and consulting services. Freeit's strong focus on state, local, and education customers adds depth to Alchemy's ability to serve SLED organizations, while extending its reach across enterprise and midsize commercial businesses.

For more than 16 years, Freeit has helped customers across Texas navigate complex public-sector procurement and channel requirements, including DIR-supported business and key distribution relationships. Together, Alchemy and Freeit will create a stronger platform for SLED customers seeking modern infrastructure, data protection, and security solutions.

"Freeit has built its business around trusted relationships, strong technical expertise, and a commitment to helping customers solve complex technology challenges," said Wes Davis, Co-CEO and Co-Founder of Alchemy Technology Group. "That approach aligns closely with how we serve customers at Alchemy. We are excited to welcome the Freeit team and give their customers access to broader capabilities while preserving the responsive, personal service they value."

"Freeit has always focused on helping customers manage, support, and secure their data with solutions that fit their environments and goals," said Wayne Orchid, President of Freeit Data Solutions. "Joining Alchemy gives us the resources and broader expertise to support more of those needs while continuing to serve customers with the team and relationships they know. We are excited about what this next chapter creates for our customers and employees."

The transaction is part of Alchemy's strategy to build a national platform through targeted acquisitions that complement its organic growth. Alchemy's strategy is intentional and lead by investing in companies with strong customer relationships, specialized technical expertise, and cultures aligned with its customer-first approach.

About Alchemy Technology Group

Alchemy Technology Group is an award-winning cybersecurity reseller of next-generation technology solutions and a provider of high-touch consulting and advisory services. Focused on critical technology solutions and services including cybersecurity, digital workspace, data, cloud, 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, visit www.alchemytechgroup.com.

About Freeit Data Solutions

Freeit Data Solutions is an Austin-based IT and cybersecurity solutions provider helping organizations better manage, support, and secure their data. For more than 16 years, Freeit has served state, local, and education customers alongside enterprise and midsize commercial businesses. The company delivers solutions across security and compliance, hybrid cloud, backup and protection, storage and hyperconvergence, virtual desktop infrastructure, data archiving, cybersecurity, and consulting services.

For more information, visit www.freeitdata.com.

About Avance Investment Management

Avance is a private equity firm with a passion for building great businesses in partnership with talented management teams. Avance focuses primarily on thematic investments within Business Services, Industrial Services, and Consumer sectors in the US, 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, visit www.avanceinv.com.

SOURCE Alchemy Technology Group, LLC