KippsDeSanto & Co. Advises The Goal, Inc. on its sale to Motion Recruitment Partners, a portfolio company of Littlejohn & Co.

KippsDeSanto & Co. Advises The Goal, Inc. on its sale to Motion Recruitment Partners, a portfolio company of Littlejohn & Co.

KippsDeSanto & Co. is pleased to announce the sale of its client, The Goal, Inc. (“The Goal” or the “Company”) to Motion Recruitment Partners, LLC (“Motion”), a portfolio company of Littlejohn & Co.

Headquartered in Reston, VA, The Goal is a leading technology talent and consulting provider that specializes in in-demand IT modernization capabilities for marquee clients in the public and private sector.

Leveraging its differentiated business model and strategic teaming partner approach, The Goal has been able to attract and retain scarce, highly-skilled technologists in the areas of application development, cloud enablement and DevOps, cybersecurity, and data management in support of long-term government contracts, commercial engagements, and other complex IT modernization programs. As an embedded partner and teammate, The Goal is well-positioned to expand its footprint within several high-growth, existing clients and capture significant new business opportunities with emerging clients in need of scalable talent solutions for complex IT modernization programs.

The acquisition adds The Goal’s expansive Federal IT consulting business to Motion Recruitment Partners’ existing company portfolio.

We believe this transaction demonstrates several key trends in the Federal and commercial technology talent and consulting market:

  • Significant market demand for highly skilled employees and in-demand capabilities focused on technology, application, infrastructure, and operation modernization creates highly attractive acquisition opportunities;
  • Buyers continue to place significant value on firms with key Federal market presence, entrenched customer relationships, and long-term contractual engagements to augment existing client portfolio, scale, and accelerate growth; and
  • Private equity continues to deploy capital in the technology talent and consulting market, building differentiated middle market platforms through buy and build strategies

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.

Securities and investment banking products and services are offered through KippsDeSanto & Co., a non-banking subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation. KippsDeSanto & Co. is a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.

Press Release

Motion Recruitment Partners Expands Portfolio into Federal Tech Consulting with Acquisition of The Goal

BOSTON, March 4, 2021 /PRNewswire/ — Motion Recruitment Partners LLC (parent company to North American IT Staffing & Managed Solutions provider Motion Recruitment and Global Recruitment Process Outsourcing – RPO and Managed Services Programs – MSP provider Sevenstep) announced today that it has acquired The Goal, a nationwide leader in Technology Consulting and valued Teaming Partner to Federal clientele within the Healthcare, Civilian, and Defense sectors.

The Goal brings an additional and highly complementary set of talent solutions to the MRP portfolio of companies and will continue to operate with their current brand, leadership, staff, and structures. With this new partnership and in-house expertise, the Motion Recruitment business looks to further grow its own IT Managed Solutions consultative practice within the Commercial sector and Sevenstep will be increasing its focus on identifying RPO and MSP opportunities in the Federal space.

“The Goal’s leadership team has an incredible reputation and has built a truly impressive business. They will be taking us on an exciting new journey into Tech Consulting within the massive Federal marketplace,” said Beth Gilfeather, CEO of Motion Recruitment Partners, LLC. “With a strong focus on tech talent markets such as SAAS, Cloud, Cybersecurity, and Digital Transformation, The Goal is well positioned for the future as we see significant growth in all of these areas.”

“The timing could not have been better. The Goal is in a heavy growth phase with several new large-scale wins and the inevitability of the marketplace surge this year. We feel we have the exact right partner to help us scale in Motion with their extensive and proven organic growth story,” said Mark Simons, CEO & Founder of The Goal. “Most importantly we wanted a cultural match, and we are pleased to have found the Motion team, which shares our core values and beliefs.”

About Motion Recruitment Partners
Established in 1989, Motion Recruitment Partners LLC is parent company to a group of leading global talent solution providers. Motion Recruitment provides IT Staffing & Managed Solutions across North America for Contract and Direct Hire needs as well as organizes the ‘Tech in Motion’ tech networking and award series. Sevenstep provides Recruitment Process Outsourcing (RPO), Managed Service Provider (MSP), Talent Data Analytics, and Employment Branding solutions to large scale employers across the globe.

About The Goal
Established in 2002, The Goal is a North American leader in Tech Consulting and IT Teaming Partnerships within the Healthcare, Civilian, and Defense sectors of the Federal marketplace. Specializing in complex mission-critical projects, The Goal’s demonstrated areas of expertise include: SAAS, Cloud, Cybersecurity, Digital Transformation, and IT Modernization.

For more information, visit:
www.motionrecruitment.com
www.sevensteprpo.com
www.thegoalinc.com

National Security Experience

KippsDeSanto & Co. Advises Millennium Engineering and Integration Company on its Merger with QuantiTech LLC, a Portfolio Company of Sagewind Capital LLC

KippsDeSanto & Co. Advises Millennium Engineering and Integration Company on its Merger with QuantiTech LLC, a Portfolio Company of Sagewind Capital LLC

KippsDeSanto & Co. is pleased to announce the merger of its client, Millennium Engineering and Integration Company (“MEI” or the “Company”), with QuantiTech LLC, a portfolio company of Sagewind Capital LLC.

Headquartered in Arlington, Virginia, MEI provides advanced systems engineering and integration solutions for federal, space, defense, and intelligence agencies. For more than 20 years, MEI has supported vital space / space resiliency, missile, aircraft, cyber, and ground-based programs.

The combination with MEI strengthens QuantiTech’s capabilities in the missile defense, space, and intelligence markets and solidifies the combined company’s position as a leading defense and space engineering and integration platform.

We believe this transaction highlights several key trends in the defense and government technology mergers and acquisitions (“M&A”) market:

  • There remains strong buyer demand for advanced engineering capabilities and access to large scale, well-funded space and defense programs
  • Buyers continue to value franchise positions within high-priority mission areas, including missile defense, space, cybersecurity, and intelligence
  • Financial sponsor interest remains elevated for well-positioned defense and government assets, particularly considering ongoing pandemic-related market uncertainty
  • Favorable market dynamics have expanded the group of well-capitalized buyers in the sector, from private equity and foreign companies to SPACs, providing sellers today with a plethora of options when considering strategic liquidity events

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 or services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.

Press Release

QuantiTech LLC Announces Merger with Millennium Engineering and Integration Company

HUNTSVILLE, Ala., Feb. 10, 2021 /PRNewswire/ — QuantiTech LLC (“QuantiTech”), a portfolio company of Sagewind Capital LLC (“Sagewind”), announced today that it has merged with Millennium Engineering and Integration Company (“MEI”). The combined company is an industry leader in providing engineering services and solutions for mission critical programs within key U.S. defense and civilian agencies. Financial terms of the transaction were not announced.

QuantiTech and MEI have independently developed world-class systems engineering and integration capabilities across a wide range of markets, including space, counter unmanned aircraft systems, hypersonics, defense, cyber, intelligence, aviation, and missile defense.  Both companies are trusted partners and solution providers to the U.S. Government and commercial industry solving engineering challenges on the nation’s most vital defense and civilian programs.

Patrick Murphy, who served as President and Chief Executive Officer of MEI and is an industry veteran with over 20 years of government contracting leadership experience, will serve as President and Chief Executive Officer of the combined company. Randy Cash, who served as Executive Chairman of QuantiTech, and was previously its President and CEO, will continue to serve as Executive Chairman of the Board.  Other members of the management teams and employees of both companies will continue with the combined company.

“We are extremely excited to combine MEI and QuantiTech,” said Randy Cash. “This combination brings together two companies with an extraordinary depth of talent and expertise in high-end engineering.  By strengthening our capabilities in the missile defense, space, and intel markets, we will be even better positioned to continue serving the important missions of the U.S. Government.”

“Together QuantiTech and MEI will have the agility and responsiveness at scale to rapidly adapt to the changing needs of our customers’ missions and the marketplace,” added Patrick Murphy.  “With over 2,000 employees across more than 20 locations in the US, our capacity and ability to support our current and future US Government and commercial clients is greater than ever.”

“As part of our growth plan, QuantiTech has been looking for a partner with shared values and a similar company culture that allows us to increase the scale and depth of service offerings we provide to our customers and the market,” said Darryl Wortman, President and CEO of QuantiTech.  “We are excited about joining forces with MEI and building upon our enhanced culture of innovation to drive dynamic solutions to our customers’ complex challenges.”

KippsDeSanto & Co. served as financial advisor and Miles & Stockbridge served as legal advisor to MEI on this transaction. RBC Capital Markets LLC served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor to QuantiTech.

About MEI

Millennium Engineering and Integration Company provides world-class systems engineering and integration capability in the space, defense, cyber, intelligence, and aviation. MEI is a high-end engineering services provider to the U.S. Government and commercial industry solving engineering challenges on the Nation’s most vital programs in space/space resiliency, missiles, aircraft, cyber, and ground systems. For more information please visit www.meicompany.com.

About QuantiTech

QuantiTech is a leading provider of highly technical engineering services to the Army, Air Force, NASA, and various other key defense agencies responsible for maintaining technological superiority. Its capabilities are focused on systems engineering, cybersecurity, test & evaluation and program management for key defense end-markets such as hypersonics, counter unmanned aircraft systems, and human spaceflight. QuantiTech was founded in 1991 and is headquartered in Huntsville, AL. For more information please visit www.quantitech.com.

About Sagewind Capital

Sagewind Capital LLC is a New York-based middle-market private equity firm that partners with exceptional management teams, and focuses on significant capital appreciation by helping businesses grow organically and through strategic acquisitions. Sagewind invests across several industries, including government services, aerospace & defense, software, information technology, healthcare and business services. The firm is focused on long-term capital appreciation and has the flexibility to own businesses for extended periods. For more information please visit www.sagewindcapital.com.

KippsDeSanto & Co. Advises Alethix, LLC on its sale to IntelliBridge, Inc., a portfolio company of Enlightenment Capital

KippsDeSanto & Co. Advises Alethix, LLC on its sale to IntelliBridge, Inc., a portfolio company of Enlightenment Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, Alethix, LLC (“Alethix” or the “Company”), to IntelliBridge, Inc., a portfolio company of Enlightenment Capital

Headquartered in Fairfax, VA, Alethix provides mission-focused technology solutions that solve complex challenges around the speed and security of data-in-transit, interoperability of enterprise systems, and data processing at scale for a wide range of Homeland Security, Federal-Civilian, and Defense customers.

Since its founding in 2012, Alethix has built enduring relationships across the Department of Homeland Security (“DHS”) and Department of Defense (“DoD”), and has more recently established strong presences at various Federal-Civilian agencies, such as the U.S. Department of Agriculture (“USDA”), the National Oceanic and Atmospheric Administration (“NOAA”), and the U.S. Census Bureau.

The Alethix acquisition is expected to enhance IntelliBridge’s position across National Security and Federal-Civilian agencies. IntelliBridge will also be able to deliver in-demand, next generation capabilities to these customers through Alethix’s cloud, data analytics, and digital solution expertise.

We believe this transaction demonstrates several key trends in the government services mergers and acquisitions (“M&A”) market:

  • In-demand capabilities that can address Cloud, DevSecOps, Agile, and other next generation requirements continue to generate acquisition interest from strategic buyers as a means of accelerating growth and maintaining a brand of market leadership
  • Buyers continue to value franchise positions at key Federal customers at the forefront of digital transformation
  • For premium, well-positioned assets, M&A appetite remains steady despite the broader market impact of COVID-19 and its corresponding challenges

 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 

 IntelliBridge Acquires IT Transformation Company Alethix

McLean, Va. – February 1, 2021 — IntelliBridge Inc. (“IntelliBridge”), a leading provider of technology, intelligence, and mission support services to defense, federal law enforcement, and civilian agencies, today announced the acquisition of Alethix LLC (“Alethix”). The addition of Alethix will strengthen IntelliBridge’s technology portfolio with advanced DevSecOps and Cloud solutions, as well as expand its footprint across Homeland Security, Federal-Civilian, and Defense agencies. IntelliBridge is backed by Enlightenment Capital.

Founded in 2012, Alethix solves complex technology challenges around data-in-transit, enterprise systems interoperability, and data processing at scale for national security, defense and civilian agencies. Alethix enables its DHS (i.e., USCIS, CBP, TSA), USDA, NOAA, Census, and DoD customers to innovate and accelerate their missions using the power of cloud, data analytics, and digital solutions.

Cass Panciocco, IntelliBridge President and CEO, said, “Alethix’s team of trusted technology experts bolsters our position in the digital solutions marketplace, which will allow us to bring agile, repeatable, and scalable solutions to our current and prospective customers. This combination will create instant synergies for both our customers and employees. We are excited to welcome the entire Alethix team to the IntelliBridge family.”

“Alethix is a trusted partner in providing high-end and transformative IT solutions for the critical mission needs of national security and civilian agencies,” added IntelliBridge Chief Growth Officer Matthew Candy. “Together, we are better positioned to navigate the IT marketplace and capitalize on the Government’s increasing adoption of digital solutions. Through IntelliBridge’s strategic positions within Defense, Federal Law Enforcement, Homeland Security, and Civilian customers, we have the size, scale, and reach-back to further expand organically through additional solutions and contracting options.”

“Alethix is excited to join the IntelliBridge team, which has built deep technical and operational capabilities that will only make our solutions more impactful. IntelliBridge shares our commitment to both employees and customers’ missions, making this an ideal platform,” said Ganesh Patil, COO of Alethix. “Our cultures are dedicated to excellence in delivering high-quality solutions, and we are proud to bring our team of technology experts to market with IntelliBridge and continue to deliver on solving complex mission challenges.”

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

About IntelliBridge

IntelliBridge is a premier partner to defense, federal law enforcement, and civilian agency customers who helps solve complex technology, intelligence, and mission support challenges. Headquartered in McLean, Virginia, with locations and staff nationwide, IntelliBridge makes its customers successful by delivering best-in-class solutions through a combination of deep domain expertise, advanced technology, and passion for the mission.  IntelliBridge is a portfolio company of Enlightenment Capital. To learn more or join the team, visit www.intellibridge.us.

 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.

KippsDeSanto & Co. Advised HHB Systems on its sale to Vectrus, Inc.

KippsDeSanto & Co. Advised HHB Systems on its sale to Vectrus, Inc.

KippsDeSanto & Co. is pleased to announce the sale of its client, HHB Systems (“HHB” or the “Company”), to Vectrus, Inc. (“Vectrus”).
Based in Springfield, VA, HHB is a leading provider of information systems technology, enterprise operations, facilities management, and technical assistance to Federal customers across the Intelligence Community.

The Company has developed a highly regarded reputation and long-standing relationship with various Intelligence Community agencies by leveraging its capabilities and extensive subject matter expertise around unique mission critical programs. HHB’s strong past performance has led to expanded work under its existing contract vehicles and has positioned the Company for continued growth.

The acquisition of HHB will augment Vectrus’ position as a leader in the converged infrastructure market. Additionally, HHB expands Vectrus’ integrated capabilities and broadens its reach within the Intelligence Community.

We believe this transaction highlights several key trends in the government and technology solutions M&A market:

  • Continued demand for access to prime, full and open awards as a channel to drive growth
  • Deep domain and subject matter expertise, particularly when coupled with long-term relationships, are critical investment considerations
  • Emphasis on operational synergies and complementary solutions to enhance and build upon existing capability sets

 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

Vectrus Acquires HHB Systems, Advancing Physical and Digital Infrastructure Technologies within the Intelligence Community

– Further expands reach into the Intelligence Community as a Converged Infrastructure Provider
– Enhances Capabilities in Facility Engineering, Design, and Planning, as well as Asset Management & Logistics
– Bolsters Information Technology, Network Communications Services, and Operational Technologies Competencies and Solutions

COLORADO SPRINGS, Colo., Jan. 4, 2021 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) announced today that it has acquired HHB Systems, a leading provider of high-end solutions for facilities management, logistics, engineering, enterprise operations, and asset management solutions supporting Intelligence Community (IC) projects. Additionally, HHB provides information technology and cybersecurity solutions to select clients.

Founded in 2003, HHB Systems brings comprehensive and proven capabilities which advance Vectrus’ ability to deliver innovative, integrated solutions and further differentiates the company as a leader in the converged infrastructure market.

“The acquisition of HHB brings integrated solutions that support physical and digital infrastructures within the intelligence community and creates a stronger platform from which we can deliver fully converged solutions across all our clients’ missions,” said Sue Deagle, Senior Vice President and Chief Growth Officer of Vectrus. “I am delighted to welcome the talented employees of HHB to Vectrus. We look forward to building upon the HHB team’s past performance, reputation, and long-standing and trusted relationships in the Intelligence Community.”

Headquartered in Springfield, Virginia, HHB Systems has a 17-plus-year history of providing technology-enabled services and solutions to the Intelligence Community. The company has more than 50 highly skilled employees, 95% of which are cleared at Top Secret or above.

“Importantly, the acquisition of HHB further builds on our recently announced acquisition of Zenetex and together these acquisitions advance Vectrus’ transformation into a higher-value, technology-enabled and differentiated platform. The Zenetex and HHB teams work together in the Intelligence Community market today, and the expanded opportunities under Vectrus to reach our existing DoD and IC clients open the aperture to even greater growth,” Ms. Deagle concluded.

Vectrus funded the acquisition from cash on hand and its revolving line of credit.

About Vectrus

Vectrus is a leading provider of global service solutions with a history in the services market that dates back more than 70 years. The company provides facility and base operationssupply chain and logistics servicesinformation technology mission support; and engineering and digital technology services primarily to U.S. government customers around the world. Vectrus is differentiated by operational excellence, superior program performance, a history of long-term customer relationships and a strong commitment to its clients’ mission success. Vectrus is headquartered in Colorado Springs, Colo., and includes about 7,100 employees spanning 148 locations in 26 countries and territories. In 2019, Vectrus generated sales of $1.4 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on FacebookTwitter, and LinkedIn

KippsDeSanto & Co. advises Physical Optics Corporation on its Sale to Mercury Systems, Inc. (NASDAQ: MRCY)

KippsDeSanto & Co. advises Physical Optics Corporation on its Sale to Mercury Systems, Inc. (NASDAQ: MRCY)

KippsDeSanto & Co. is pleased to announce the sale of its client, Physical Optics Corporation (“POC” or the “Company”) to Mercury Systems, Inc. (“Mercury”).
Headquartered in Torrance, CA, POC serves as a leading designer, developer, and integrator of advanced technologies primarily focused on mission-critical avionics and subsystems for the most demanding defense applications, supporting airborne solutions broadly transferable to ground, maritime, and unmanned platforms. The Company’s principal expertise in optimizing size, weight, and power (“SWaP”) and enhancing encryption capabilities for the most complex and demanding avionics solutions has produced a robust portfolio of innovative products – much of which was developed leveraging the Small Business Innovation Research (“SBIR”) program – including data transfer systems, flight data recorders, mission computers, high-definition data and video recorders, and advanced encryption devices for well-funded and highly-visible programs of record. The common-use nature of POC’s technologies directly translates into broad adoption across the Navy, Army, and Air Force for newly fielded platforms (including burgeoning positions on future vertical lift, the B-2, and various unmanned platforms), as well as established relationships upgrading legacy aircraft (including the F-18, V-22, the H-60 family, T-45, F-16, F-15, and F-22).

Employing approximately 350 employees, including over 160 multi-disciplinary engineers and a deep bench of PhDs, POC has developed a substantial portfolio of intellectual property (“IP”), including over 160 patents as well as numerous SBIR-oriented technologies covering 60 diverse focus areas spanning avionics, electronic warfare, artificial intelligence, and machine learning. POC’s unique combination of avionics solutions, core IP and engineering expertise, embedded status on well-funded airborne programs, and state-of-the-art facilities uniquely position the Company to complement Mercury’s existing capabilities and accelerate the combined company’s growth via the delivery of pre-integrated avionics subsystems to an increasingly broad customer set.

We believe this transaction demonstrates several key trends in the aerospace and defense mergers and acquisitions (“M&A”) market:

  • Defense program modernization continues to be an area of significant interest for buyers given the evolving budgetary environment
  • Demand for companies with entrenched positioning on well-funded Programs of Record (“PoRs”) and trusted customer relationships remains strong
  • Ongoing M&A focus by strategic buyers on acquisition targets with advanced engineering capabilities, proprietary IP, SBIR-oriented technologies, and robust Research & Development capabilities
  • Public strategic buyers continue to aggressively deploy capital in order to accelerate organic growth strategies and gain access to PoRs and customers

 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

Mercury Systems to Acquire Physical Optics Corporation

  • Continues to scale Mercury’s global avionics & mission systems business
  • Complementary capabilities enhance position at forefront of military digital convergence
  • Expands platform and mission management content on new and existing airborne platforms
  • Broadens mission processing capabilities, adding data transfer and recording solutions
  • Leverages investments in embedded security and safety-certifiable avionics processing

ANDOVER, Mass., Dec. 07, 2020 (GLOBE NEWSWIRE) – Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that it has signed a definitive agreement to acquire Physical Optics Corporation (“POC”). Based in Torrance, Calif., POC is a leading designer, developer, and integrator of advanced technologies primarily focused on avionics & mission subsystems for defense applications.

Pursuant to the terms of the agreement, Mercury will acquire POC for an all-cash purchase price of $310 million, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses are expected to be funded through a combination of cash on hand and Mercury’s existing revolving credit facility.

POC is currently expected to generate revenue of over $120 million for its fiscal year ending December 31, 2020. The acquisition represents a multiple of approximately 13x next twelve months EBITDA and is expected to be immediately accretive to adjusted EPS.

“The acquisition of Physical Optics Corporation adds important capabilities on new and existing airborne programs in the platform and mission management market,” said Mark Aslett, Mercury’s president and chief executive officer. “The combination of Mercury’s safety-certifiable and secure avionics processing solutions with POC’s deep portfolio of data storage, transfer, and encryption technologies will enable us to deliver more complete, pre-integrated avionics subsystems to our customers. POC has a similar growth profile to Mercury, supported by several key design wins that are transitioning into production. We are very excited for POC to join the Mercury team.”

“This acquisition broadens our avionics product and technology portfolio to help our defense Prime customers, the U.S. Navy, Army and Air Force deploy next-generation open-architecture mission computing solutions,” added Amela Wilson, senior vice president, Mercury Mission. “Similar to Mercury, POC is well-positioned in faster-growing segments of the defense market and benefits from secular growth drivers, such as supply chain delayering. Together, Mercury and POC can provide customers new capabilities and subsystem solutions.”

Founded in 1985, POC employs approximately 350 people, including more than 160 highly skilled engineers, and holds over 160 patents worldwide, covering 60 technologies. They support mission-critical programs with common-use products spanning data transfer systems, flight data recorders, mission computers, high-definition data and video recorders, and advanced encryption devices. POC is well-positioned on a wide variety of key airborne and naval defense platforms that are experiencing increased funding for electronics modernization to specifically address digital convergence and combat near-peer threats in line with the National Defense Strategy.

The acquisition is subject to customary closing conditions, including approval pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is currently expected to close during Mercury’s fiscal 2021 second quarter ending January 1, 2021.

Operating at the intersection of high-tech and defense, Mercury Systems is the leader in making trusted, secure mission-critical technologies profoundly more accessible. Our work is inspired by our Purpose of delivering Innovation That Matters by and for People Who Matter, to make the world a safer, more secure place for all. For more information, visit mrcy.com or contact Mercury at (866) 627-6951 or info@mrcy.com.

Mercury Systems – Innovation That Matters®

Mercury Systems is a leading technology company serving the aerospace and defense industry, positioned at the intersection of high-tech and defense. Headquartered in Andover, Mass., the Company delivers solutions that power a broad range of aerospace and defense programs, optimized for mission success in some of the most challenging and demanding environments. The Company envisions, creates and delivers innovative technology solutions purpose-built to meet customers’ most-pressing high-tech needs, including those specific to the defense community. To learn more, visit mrcy.com, or follow us on Twitter.

Forward-Looking Safe Harbor Statement

This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the acquisitions described herein and to fiscal 2021 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of epidemics and pandemics such as COVID, effects of any U.S. federal government shutdown or extended continuing resolution, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. Government’s interpretation of, federal export control or procurement rules and regulations, market acceptance of the Company’s products, shortages in components, production delays or unanticipated expenses due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings, or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, increases in interest rates, changes to industrial security and cyber-security regulations and requirements, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 3, 2020. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

KippsDeSanto & Co. advises Tapestry Technologies, Inc. on its sale to ManTech International Corporation

KippsDeSanto & Co. advises Tapestry Technologies, Inc. on its sale to ManTech International Corporation

KippsDeSanto & Co. is pleased to announce the sale of its client, Tapestry Technologies, Inc. (“Tapestry” or the “Company”) to ManTech International Corporation (“ManTech”) (Nasdaq: MANT).

Headquartered in Chambersburg, PA, Tapestry is a leading provider of comprehensive cybersecurity solutions to the U.S. Defense Information Systems Agency (“DISA”) and Department of Defense (“DoD”). Tapestry offers a wide array of highly innovative solutions spanning cybersecurity architecture, policy and compliance, network and systems engineering, workload automation, training, and cloud architecture services. With a 15+ year history supporting the DoD and DISA, Tapestry has developed a highly regarded reputation and an entrenched position within the agency as a trusted and reliable partner with deep domain expertise. The Company’s focus on innovation has led to the development of proprietary methodologies and tools which enable Tapestry to deliver highly profitable, yet cost-effective, workload automation solutions.

The transaction enhances and extends ManTech’s cyber defense capabilities within the DoD, adding customers and new past performance qualifications, as well as long-term contracts.

We believe this investment demonstrates several key trends in the current cybersecurity environment:

  • Cybersecurity capabilities continue to be a highly coveted growth and M&A area given the importance to IT Modernization efforts and increased budgetary focus
  • Significant demand for profitable, technology-centric, engineering solutions supported by proprietary tools and processes
  • Strong focus on companies that have embedded positions within sought-after federal customers, and strong competitive differentiators

 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 

ManTech Acquires Tapestry Technologies to Expand Defensive Cyber Capabilities

HERNDON, Va., Dec. 14, 2020 (GLOBE NEWSWIRE) — ManTech International Corporation (Nasdaq: MANT) has completed the acquisition of Tapestry Technologies, a leading provider of advanced cyber solutions. Headquartered in Chambersburg, Pennsylvania, and founded in 2005, Tapestry Technologies offers a full range of cyber defense solutions and expertise, including cyber architecture and policy development, DevSecOps-based systems and software engineering and cyber training.

This acquisition enhances and extends ManTech’s cyber defense capabilities within the Department of Defense, adding customers, new past performance qualifications as well as mission-critical contracts. Furthermore, Tapestry Technologies’ approximately 150 highly skilled and cleared professionals expand ManTech’s deep cybersecurity talent base.

“ManTech has a well-established reputation as a leader of full-spectrum cyber capabilities,” said Kevin M. Phillips, ManTech Chairman, CEO and President. “We are pleased to add Tapestry Technologies’ talented people and strong customer relationships to the ManTech family. The addition is highly complementary and further builds upon our differentiated cyber solutions, allowing us to deliver more to our customers while positioning us for continued growth.”

About ManTech

ManTech International Corporation (Nasdaq: MANT) provides mission-focused technology solutions and services for U.S. defense, intelligence and federal civilian agencies. In business more than 50 years, we excel in full-spectrum cyber operations, data collection & analytics, enterprise IT, agile DevOps systems engineering and software application development solutions that support national and homeland security. Additional information about ManTech can be found at mantech.com.

Forward-Looking Information

Statements and assumptions made in this press release, which do not address historical facts, constitute “forward-looking” statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. Words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” or “estimate,” or the negative of these terms or words of similar import, are intended to identify forward-looking statements.

 These forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes we anticipate. Factors that could cause actual results to differ materially from the results we anticipate include, but are not limited to, the following: failure to maintain our relationship with the U.S. government, or compete effectively for contract awards; inability to recruit and retain sufficient number of employees with specialized skill sets or necessary security clearances who are in great demand and limited supply; adverse changes in U.S. government spending for programs we support, whether due to changing mission priorities, socio-economic policies, cost reduction initiatives by our customers, or other federal budget constraints generally; disruption of our business or damage to our reputation resulting from security breaches in customer systems, internal systems (including as a result of cyber or other security threats), or employee misconduct; failure to realize the full amount of our backlog or adverse changes in the timing of receipt of revenues under contracts included in backlog; issues relating to competing effectively for awards procured through the competitive bidding process; failure to obtain option awards, task orders or funding under contracts; renegotiation, modification or termination of our contracts, or failure to perform in conformity with contract terms or our expectations; failure to successfully integrate acquired companies or businesses into our operations or to realize any accretive or synergistic effects from such acquisitions; non-compliance with, or adverse changes in, complex U.S. government laws, procurement regulations or processes; and adverse results of U.S. government audits or other investigations of our government contracts. These and other risk factors are more fully discussed in the section entitled “Risk Factors” in ManTech’s Annual Report on Form 10-K previously filed with the Securities and Exchange Commission on Feb. 21, 2020, Item 1A of Part II of our Quarterly Reports on Form 10-Q, and, from time to time, in ManTech’s other filings with the Securities and Exchange Commission.

 The forward-looking statements included herein are only made as of the date of this press release, and ManTech undertakes no obligation to publicly update any of the forward-looking statements made herein, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.

Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.

Media Contact

Jim Crawford

Executive Director, External Communications

(M) 571.446.7550

James.Crawford2@ManTech.com

 

Investor Relations Contact

Stephen Vather

VP, M&A and Investor Relations

(O) 703.218.6093
Stephen.Vather@ManTech.com

KippsDeSanto & Co. Advises Braxton Science & Technology Group, LLC on its sale to Parsons Corporation

KippsDeSanto & Co. Advises Braxton Science & Technology Group, LLC on its sale to Parsons Corporation

KippsDeSanto & Co. is pleased to announce the sale of its client, Braxton Science & Technology Group, LLC (“Braxton” or the “Company”) to Parsons Corporation (NYSE: PSN).

Headquartered in Colorado Springs, CO, Braxton is a leading provider of command and control, data transport, and cybersecurity solutions that unify spacecraft ground control operations across the Department of Defense (“DoD”) and Intelligence Community (“IC”). Braxton leverages its broad, differentiated portfolio of integrated and cross-functional products and services to deliver comprehensive satellite system solutions, including ground system automation, communication, and flight dynamics. These advanced solutions provide Braxton’s customers with mission-critical support for all spacecraft ground control and spacecraft integration mission requirements. The Company has supported more than 100 spacecraft missions across all seven continents, developing significant space domain expertise and a robust track record providing solutions to a diverse set of customers across the DoD and IC.

The transaction complements Parsons Corporation’s space portfolio increases its product offerings in high-growth markets, and adds critical intellectual property that expands its capabilities for the U.S. Air Force, Space Force, and Space and Missile Command.

We believe this investment demonstrates several key trends in the current defense environment:

  • Space continues to be a highly coveted growth and M&A area given its importance to National Security and increasing budgetary trends
  • Significant demand for advanced, technology-centric, engineering solutions supported by Company-owned intellectual property
  • Strong focus on companies that have high barriers to entry, embedded positions within sought-after and hard-to-reach space and IC customers, and strong competitive differentiators within the rapidly evolving space system ecosystem (i.e., LEO communications constellations, small satellites, and space cyber resiliency)
  • Strategic buyers continue to seek acquisitions that unlock value and accelerate growth, particularly for assets that demonstrate substantial revenue visibility, protected intellectual property, and seasoned management teams

 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

Parsons to Acquire Braxton Science & Technology Group

Acquisition enhances Space and Cyber portfolio; Accretive to top and bottom line growth

CENTREVILLE, VA (Oct. 27, 2020) – Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire Braxton Science & Technology Group, LLC (“Braxton”) and its subsidiaries for approximately $300 million in cash. The acquisition increases Parsons’ federal solutions, product and capabilities in the space and cyber markets.

Braxton’s broad portfolio of commercial off-the-shelf (COTS) products provide mission critical solutions including spacecraft ground control and spacecraft integration. Braxton has over 50 differentiated product offerings focused on space missions that are comprised of software and hardware products combined with advanced engineering services. Braxton’s industry leading product portfolio is built on a technology base of artificial intelligence leveraging machine learning, deep learning, and data analytics, and integrates advanced cybersecurity tool sets. The group will be integrated into Parsons’ space and geospatial solutions market, adding more than 370 employees, 80 percent of whom hold security clearances.

“The addition of Braxton complements our space portfolio, increases our product offerings in high-growth markets, and adds critical intellectual property that complements and expands our capabilities for the U.S. Air Force, Space Force, and Space and Missile Command,” said Chuck Harrington, Parsons’ chairman and chief executive officer. “We look forward to welcoming Braxton’s employees into the Parsons’ family, driving synergistic solutions that leverage our expanded set of space solutions, growing our technology and transactional revenues, and furthering our customer’s critical missions including joint all domain operations.”

Headquartered in Colorado Springs, Co., Braxton operates at the forefront of satellite operations, ground system automation, flight dynamics, and spacecraft and antenna simulation for the U.S. Department of Defense and Intelligence Community. These capabilities position Parsons to capitalize on the quickly evolving space missions of its national security space customers and address rapid market growth driven by proliferated low earth orbit (LEO) constellations, small satellite expansion, and space cyber resiliency. Braxton has specific domain expertise with the U.S. Air Force’s Enterprise Ground Services (EGS) effort: a next generation architecture that will unify spacecraft ground control operations across multiple major government agencies.

The transaction is consistent with Parsons’ strategy of acquiring high-growth, defense, and intelligence technology companies with software and hardware intellectual property that enhance its technology and transactional revenue growth and margin profile.

“The combination of Braxton’s leading defense capabilities, and decades of trusted customer relationships, combined with Parsons’ global scale, cross-industry experience, and disruptive mindset creates a leading space technology provider,” said Ken O’Neil, President of Braxton. “We’re excited to join an organization known for their entrepreneurial spirit, agility, culture of innovation and inclusivity, and successful track record of mergers, acquisitions, and integrations. Parsons is a large company with the operational agility of a smaller organization, which attracted us to them and gives us confidence in our future success together.”

The transaction is valued at approximately $258 million, including the net present value of a $42 million transaction-related tax benefit, or approximately 11x Braxton’s estimated 2021 adjusted EBITDA before considering any revenue or cost synergies. For 2021, Braxton is expected to generate revenue of approximately $133 million. The transaction is expected to be accretive to Parsons’ 2021 adjusted earnings per share and close in Q4 2020, subject to customary closing conditions. Parsons was advised by Goldman Sachs & Co LLC and Latham & Watkins LLP. Braxton was advised by KippsDeSanto & Co and Sparks Wilson, P.C.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Registration Statement on Form S-1 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.

KippsDeSanto & Co. advises BlueWater Federal Solutions, Inc., on its sale to Tetra Tech, Inc.

KippsDeSanto & Co. advises BlueWater Federal Solutions, Inc., on its sale to Tetra Tech, Inc.

KippsDeSanto & Co. is pleased to announce the sale of its client, BlueWater Federal Solutions, Inc. (“BlueWater” or the “Company”) to Tetra Tech, Inc. (“Tetra Tech”).

Headquartered in Chantilly, Virginia, BlueWater provides cybersecurity, information technology, systems / network engineering, and program management services to numerous agencies throughout the Federal Government, including the Federal Emergency Management Agency, Department of Energy, and Department of Defense.

BlueWater provides these clients with a variety of high-end IT and mission-oriented services, systems, and solutions that are essential to these agencies’ operations. Over the past decade, the Company’s leadership team and workforce of highly skilled / certified employees have led BlueWater to achieve considerable growth. This growth has been supported by the Company’s ability to understand and address mission challenges while continuing to leverage its technical expertise as a means of expanding its customer footprint.

BlueWater provides Tetra Tech with significant past performance throughout the Federal Government, and is expected to drive continued success by way of leveraging Tetra Tech’s expansive portfolio of contract vehicles and customer reach. BlueWater represents Tetra Tech’s second acquisition of 2020.

We believe this transaction demonstrates several key trends in the government technology M&A market:

  • Acquisition priority for companies with high-end technology and analytics capabilities, in addition to well funded DoD-oriented footprint
  • Buyers – public company and private equity firms alike – continue to deploy capital via M&A for well-positioned companies, notwithstanding COVID-19 and broader market turbulence
  • Strong company fundamentals in terms of prime contracts, scale, performance, and a track-record of growth drive M&A interest and value

 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

Tetra Tech Acquires BlueWater Federal Solutions to Broaden High-End Technology Service Offerings

09/29/2020

“Our ability to integrate high-end technology and analytics in the delivery of customized water, environment, and sustainable infrastructure solutions is a key differentiator for Tetra Tech in the marketplace today,” said Dan Batrack, Tetra Tech Chairman and CEO. “The addition of BlueWater builds on our strategy to grow our advanced analytics business with expanded capabilities in artificial intelligence, cybersecurity solutions, and mission-essential services for our U.S. federal customers.”

Brian Nault, BlueWater President, said, “Our team is thrilled to join Tetra Tech and work together to expand our capabilities and solutions that solve our clients’ most complex problems. By joining with Tetra Tech, BlueWater creates tremendous opportunities for our employees, expands our reach in the federal market through access to key contract vehicles, and increases the technical capacity and access to resources needed for us to deliver on our customers’ new and changing requirements.”

The terms of the acquisition were not disclosed. BlueWater is joining Tetra Tech’s Government Services Group.

About BlueWater Federal Solutions, Inc.

BlueWater is a leading mission support services provider of Enterprise IT solutions, cybersecurity, engineering, global command and control, and applications development. BlueWater, based in Chantilly, Virginia delivers full lifecycle solutions and modernization for U.S. federal agencies, including the Department of Defense and Intelligence.

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and 10-Q filings with the Securities and Exchange Commission.

View source version on businesswire.comhttps://www.businesswire.com/news/home/20200929005255/en/

Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844

Source: Tetra Tech, Inc.