KippsDeSanto & Co. Advises IntelliWare Systems, Inc. on its sale to Trowbridge & Trowbridge

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KippsDeSanto & Co. Advises IntelliWare Systems, Inc. on its sale to Trowbridge & Trowbridge

KippsDeSanto & Co. is pleased to announce the sale of its client, IntelliWare Systems, Inc. (“IntelliWare” or the “Company”), to Trowbridge & Trowbridge.

Headquartered in Spotsylvania, VA, IntelliWare is a leading provider of NextGen intelligence, cyber, professional, and information technology solutions to the Federal Bureau of Investigation (“FBI”), U.S. Marshals Service, Department of Homeland Security, and Department of State.  IntelliWare applies its intelligence collection / analysis, cybersecurity, mission operations support, and data management / exploitation expertise to address complex law enforcement and national security mission challenges.  The Company’s deep operational and technical expertise and strong domain knowledge have driven consistent and considerable growth.  The combination will afford IntelliWare additional scale and capital as part of Trowbridge to accelerate its strategy with current customers and beyond.

We believe this investment demonstrates several key trends in the government technology environment:

  • Private equity, in this case Enlightenment Capital, building capability and customer-rich growth platforms in the middle market
  • Strong buyer interest for growing companies with domain expertise in highly-sought-after law enforcement and national security markets
  • Innovative solutions and prime, F&O contract wins driving both growth and value creation for mid-sized companies attracting substantial buyer demand

About KippsDeSanto & Co. KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on over 100 industry transactions, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience.   For more information, visit www.kippsdesanto.com.

Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency. 

Press Release

Trowbridge Acquires IntelliWare Systems

MCLEAN, Va. – February 4, 2020 – Trowbridge & Trowbridge, a provider of innovative technical solutions to complex Federal information technology challenges in the defense and civilian markets, today announced the acquisition of IntelliWare Systems. The addition of IntelliWare will enhance Trowbridge’s portfolio of solutions, add new and strategic national security customers, and create opportunities for employees within the combined company. Trowbridge is backed by Enlightenment Capital.

IntelliWare provides cyber, intelligence, and information technology solutions to the Federal Bureau of Investigation, U.S. Marshals Service, Department of Homeland Security, and Department of State. The company operates at the intersection of intelligence, law enforcement, and homeland security, and has a proven history of integrating domain expertise and intelligence analysis with mission requirements, technology, and security to produce lasting and innovative solutions for customers.

Cass Panciocco, Trowbridge President and CEO, said, “IntelliWare adds complementary capabilities, a highly-skilled team of employees, and a new customer base that will help us further enable Federal agencies to integrate emerging technologies with complex systems, and conduct data and intelligence analysis for better informed, more efficient decision making. We are excited to welcome the entire IntelliWare team to the Trowbridge family.”

“IntelliWare holds franchise positions providing high-end solutions to Federal law enforcement and homeland security agencies,” added Trowbridge Chief Growth Officer Matthew Candy. “These customers have critical mission needs and correspondingly growing budgets. We have identified several key opportunities to better serve our customers that neither business could pursue independently. Together with Trowbridge’s strategic positions within defense customers, the combined business has the size, scale, and reach-back to further expand organically through additional solutions and contracting options.”

“The deep technical and operational capabilities of IntelliWare and Trowbridge, as well as our shared commitment to employees and customers’ missions, make this an ideal match,” said Dominic LaPore, CEO and Founder of IntelliWare. “Our cultures are dedicated to excellence in delivering high-quality solutions, and we are proud to bring our collective capabilities to market with Trowbridge to enable critical Federal government national security missions.”

Investment bank KippsDeSanto acted as the financial advisor to IntelliWare for this acquisition.

About Trowbridge
Trowbridge is an award-winning provider of cloud, cyber, and next-gen digital solutions to defense, intelligence, and Federal civilian markets. Headquartered in McLean, Virginia, with locations and staff nationwide, Trowbridge helps move critical missions forward to support the American people and our national security. Trowbridge is a portfolio company of Enlightenment Capital. To learn more or join the team, visit www.tt-llc.com.

About Enlightenment Capital
Enlightenment Capital, a Washington, DC area based private investment firm, provides flexible capital and strategic support to middle market companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com.