KippsDeSanto & Co. Advises Whitney, Bradley & Brown, Inc., a portfolio company of H.I.G. Capital, on its Sale to Serco KippsDeSanto & Co. is pleased to announce the sale of Whitney, Bradley & Brown, Inc. (“WBB” or the “Company”), a portfolio company of H.I.G. Capital, to Serco Inc. Founded in 1981, WBB is a premier provider of next generation, mission-enabling capabilities for the Department of Defense, Federal Civilian and healthcare customers. WBB has a long history of modernizing, transforming, and sustaining major mission-centric platforms, programs, and organizations through data-driven knowledge-based solutions. WBB has an entrenched position on numerous programs of record where it partners with clients to strategize, implement, and deliver a wide range of mission-oriented competencies from program and mission management to capabilities development and advanced analytics and machine learning.  Over a thousand employees, many of whom are highly certified, cleared, and technically experienced, deliver a differentiated offering combining deep subject matter expertise, full-lifecycle capabilities, and advanced analytics to drive innovation and national superiority across multi-operational domains. We believe this acquisition demonstrates several key trends in the defense and government technology M&A environment:

• Strong interest and demand for players with Full and Open, large scale, mission critical contracts and vehicles with substantial ceiling value, such as OASIS and RS3;
• Focus on companies that have embedded positions within sought-after federal customers, and programs of record; and
• Industry-leading domain expertise and tech-enabled, data-driven solutions, particularly in high priority, well-funded markets like artificial intelligence (AI), machine learning, data analytics and cybersecurity, are critical differentiators for sellers in a crowded M&A market

 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 H.I.G. Announces the Sale of WBB MIAMI – April 26, 2021 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, announced today the sale of its portfolio company, Whitney, Bradley & Brown, Inc. (“WBB” or the “Company”), to Serco Inc. (“Serco”) for $295 million. WBB transforms, modernizes, and sustains major mission-centric defense and intelligence platforms that are critical to maintaining national security superiority. Through data-driven, knowledge-based solutions, WBB provides program management, advanced engineering and analytical support to the U.S. Department of Defense and other federal agencies. H.I.G. acquired WBB in October 2017 as part of the firm’s government services investment initiative. During H.I.G.’s ownership, H.I.G. invested alongside management in organic growth initiatives and completed two strategic and transformative acquisitions. These investments created new capabilities and provided access to new customers, markets and contract vehicles that enhanced growth, doubled revenue and tripled EBITDA during H.I.G.’s ownership. Robert Olsen, WBB’s CEO, said, “We appreciate H.I.G.’s strategic guidance and commitment to the WBB platform over the last three years. They were a truly value-added partner and as a result of their involvement, WBB is better positioned to capitalize on the exciting growth opportunities ahead. We look forward to this next chapter working with Serco as we continue to serve as an integral partner to the Department of Defense and other federal agencies.” Jeff Zanarini, Managing Director at H.I.G. Capital, commented, “It has been a pleasure working with Robert Olsen and the entire WBB team. The success of this transaction for WBB management, H.I.G., and its investors is a direct result of a near-perfect execution on the growth plan we devised together from the onset of our relationship. We expect WBB to continue setting new standards of excellence for our nation’s most critical priorities, working with the newly-expanded Serco leadership team.” About WBB WBB transforms, modernizes, and sustains major mission-centric defense and intelligence platforms that are critical to maintaining our nation’s defense and national security superiority. Through data-driven, knowledge-based solutions, WBB provides program management and consulting services to the U.S. Department of Defense and other federal agencies. WBB has supported the federal government for almost four decades on mission critical programs and has developed deep domain expertise within critical capabilities including systems engineering, lifecycle logistics, cybersecurity, data analytics and machine learning to deliver innovative solutions to complex problems for the U.S. Department of Defense and other federal agencies. WBB’s highly-specialized and experienced workforce provides services across the full lifecycle from program development to ongoing support and mission performance. The company has approximately 1,000 employees, the majority of which are veterans and greater than 75% possess security clearances. Headquartered in Reston, Virginia, WBB is an ISO 9001-registered company operating at over a dozen strategically-located facilities across the United States and abroad. For more information, please visit https://wbbinc.com/ . About H.I.G. Capital H.I.G. is a leading global private equity and alternative assets investment firm with $44 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

1. I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com . * Based on total capital commitments managed by H.I.G. Capital and affiliates.

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

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. 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 operations; supply chain and logistics services; information 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 Facebook, Twitter, and LinkedIn