KippsDeSanto & Co. advises Cerberus Capital Management on its purchase of M1 Support Services

KippsDeSanto & Co. is pleased to announce the purchase of a majority interest in M1 Support Services (“M1” or “Company”) by funds advised by its client, Cerberus Capital Management, L.P. (“Cerberus”).

M1 specializes in delivering a comprehensive range of maintenance, repair, and overhaul (“MRO”) solutions to the U.S.  Government for critical military aircraft and aviation programs. The Company’s offerings encompass essential aspects of aircraft maintenance and operations, including depot-level repairs, modification, supply chain management, logistics, technical support, and training services. With a focus on quality, reliability, safety, and efficiency, M1 plays a vital role in sustaining the operational capabilities of U.S. military forces.

Cerberus’  operational expertise and deep experience in the aerospace, defense, and government services sector will support M1 in expanding on its current offerings to address mission support requirements for the U.S. and its partner nations around the world.

We believe this transaction highlights several key trends in the M&A market:

  • Continued interest in companies that support mission critical programs aligned with budgetary patterns and strategic goals of the U.S. Government;
  • Buyers continue to show interest in top-tier assets, especially firms holding leading market positions, unique capabilities, and enduring client relationships;
  • Private equity and private equity-backed companies remain active buyers of middle-market and lower-middle market industry firms; and
  • Financial sponsors with defined growth strategies, industry acumen, and active funds allocated towards firms exhibiting strong domain knowledge, established client relationships, and innovative capabilities.

Read more in the full press release.

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 200 industry transactions since 2008, 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.

KippsDeSanto & Co. advises Earth Resources Technology on its investment from Macquarie Capital

KippsDeSanto & Co. is pleased to announce that its client, Earth Resources Technology (“ERT” or the “Company”), has received an investment from Macquarie Capital (“Macquarie”), the advisory, capital markets and principal investment arm of Macquarie Group.

Founded in 1993 and headquartered in Laurel, MD, ERT integrates full-spectrum, data-driven science and technology solutions that address complex and critical federal Earth and space mission priorities – from predicting extreme weather and climate trends to tracking and analyzing airborne and ocean pollutants.  ERT’s core data and geospatial solutions help to protect lives and properties and to sustain and improve economies and ecosystems.

The Company is a long-standing and embedded partner to National Oceanic and Atmospheric Administration (“NOAA”), National Aeronautics and Space Administration (“NASA”), and the U.S. Air Force (“USAF”) and has developed a well-respected and well-known reputation as a leader within the Earth and space science domains.  ERT’s core competencies include: satellite ground segment engineering; enterprise computing; data analytics; artificial intelligence; research and development; and sustainment and operations for satellite, weather, climate, ocean, and environmental missions.

Macquarie’s investment represents the creation of a new platform company for the private equity group.  Macquarie believes that the partnership will provide ERT with augmented growth opportunities across both existing and new federal agencies.

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

  • Heightened buyer demand for well-positioned businesses supporting federal civilian missions, and in particular those that span Environment, Social & Governance (“ESG”) initiatives, such as weather prediction and climate change;
  • Investment focus remains strong for companies with exposure to federal space and satellite missions and programs;
  • Continued buyer interest for companies with embedded positioning across well-funded agencies and in support of well-funded and high-profile contracts; and
  • Financial sponsor appetite remains elevated for new platform investments in the government technology market

Read more in the full press release.

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 200 industry transactions since 2008, 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.

KippsDeSanto & Co. advises 2 Twelve Solutions on its sale to Bcore, a platform company of NewSpring Holdings

KippsDeSanto & Co. advises 2 Twelve Solutions on its sale to Bcore, a platform company of NewSpring Holdings

KippsDeSanto & Co. is pleased to announce the sale of its client, 2 Twelve Solutions (“2 Twelve” or the “Company”), to Bcore, a platform company of NewSpring Holdings.

2 Twelve is a leading provider of unique, lab-based digital transformation solutions.  The Company’s highly technical domain knowledge and subject matter expertise enables it to develop, design, engineer, prototype, implement, and upgrade hybrid, cloud-based IT architectures for its customers, ensuring an end-to-end approach focused on networks, storage, compute, and security.  The Company is looked to by customers to shepherd the adaptation of new technologies from the pilot phase through production, enabled by the Company’s End-to-End Engineering Laboratory (“E3 Lab™”). The Company leverages this internally developed E3 Lab™ environment to provide highly technical and adaptable solutions to assess and validate engineering solutions and architectures.

The partnership with 2 Twelve elevates Bcore’s capacity to seamlessly merge cutting-edge technology with mission-critical goals, signifying a notable enhancement and augmentation of operational capabilities. This strategic partnership equips Bcore to provide more robust technology solutions and industry insights, leveraging 2 Twelve’s proven digital transformation capabilities. The collective expertise of Bcore and 2 Twelve enables the delivery of comprehensive, user-oriented solutions showcasing technological sophistication, and also aligns strategically with the security prerequisites vital for national security missions.

We believe this transaction highlights several key trends in the M&A market:

  • Strong market appetite for companies with cutting edge capabilities that enable digital transformation;
  • Emphasis on an investment thesis focused on acquiring new capabilities supported by high-end technology expertise, as well as expanding customer footprint; and
  • Buyers with defined growth strategies, industry acumen, and financial sponsor support are actively allocating funds, particularly towards firms exhibiting strong domain knowledge, established client relationships, and innovative proprietary technologies

Read more in the full press release.

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 200 industry transactions since 2008, 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.

KippsDeSanto & Co. advises Quadrint, Inc., on its sale to CACI International Inc.

KippsDeSanto & Co. advises Quadrint, Inc., on its sale to CACI International Inc.

KippsDeSanto & Co. is pleased to announce the sale of its client, Quadrint, Inc. (“Quadrint” or the “Company”), to CACI International Inc. (“CACI”), a leading provider of expertise and technology to government customers, as announced on their recent earnings call.

Headquartered in Falls Church, Virginia, Quadrint is a provider of digital application modernization solutions offering CACI new customer relationships and past performance in the Intelligence Community.

The acquisition represents a continued focus by strategic buyers on assets with scalable digital transformation capabilities and entrenched customer relationships.

 

This transaction highlights several key trends in the M&A market:

  • Growing demand for digital transformation solutions and corporate business systems expertise in classified environments as government agencies continue to modernize their mission critical systems and migrate to the cloud
  • Companies providing technology solutions for high-profile, difficult to penetrate customers remain highly coveted in the market
  • Strategic buyers continue to place value on companies with differentiated capabilities and revenue visibility supported by key large-scale programs

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 200 industry transactions since 2008, 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.

KippsDeSanto & Co. advises EWA on its sale to Sigma Defense, a portfolio company of Sagewind Capital

KippsDeSanto & Co. advises EWA on its sale to Sigma Defense, a portfolio company of Sagewind Capital

KippsDeSanto & Co. is pleased to announce the sale of Electronic Warfare Associates, Inc. (“EWA” or the “Company”) to Sigma Defense, a portfolio company of Sagewind Capital.

Headquartered in Herndon, VA, EWA is a leading provider of electronic warfare (“EW”) systems and solutions, including analysis, simulation and training, radio frequency threat simulators and custom instrumentation, signal analysis software, and embedded training hardware and software to Army, Air Force, Navy, Space Force and other U.S. National Security customers.

Founded in 1977, EWA has successfully developed and delivered a broad array of highly customizable EW capabilities that offer a comprehensive understanding of evolving threats across the electromagnetic spectrum. The partnership with Sigma Defense will further expand EWA’s influence to meet all elements, capabilities, and requirements for the Department of Defense’s (“DoD”) larger Joint All Domain Command & Control (“JADC2”) vision for connecting soldiers, sensors, and systems in the field into a single networking architecture. The integration of EWA’s expertise and resources into Sigma Defense’s portfolio will further augment its Combined JADC2 (CJADC2) ecosystem for collecting, analyzing, and distributing data for near real-time intelligence, and is the next step in the combined company’s evolution to respond to the ‘sense, make sense, and act capabilities’ requirements for CJADC2.

This transaction highlights several key trends in the M&A market:

  • Buyers continue to show interest in top-tier assets, especially firms holding dominant market positions, unique capabilities, and enduring relationships with well-funded clients
  • Continued interest in companies that support mission critical programs aligned with the budgetary patterns and strategic goals of the DoD
  • Private equity and private equity-backed companies remain the most active buyers of middle-market and lower-middle market industry firms
  • There is a notable market demand for hardware / software-centric defense companies creating advanced solutions to tackle the growing complexity of challenges encountered by warfighters

Read more in the full press release.

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 200 industry transactions since 2008, 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.

KippsDeSanto & Co. advises Omnyon LLC on its acquisition by Evergreen Services Group, a portfolio company of Alpine Investors

KippsDeSanto & Co. advises Omnyon LLC on its acquisition by Evergreen Services Group, a portfolio company of Alpine Investors

KippsDeSanto & Co. is pleased to announce the strategic sale of its client, Omnyon LLC, (“Omnyon” or the “Company”), to Cedar Solutions Group, a subsidiary of Evergreen Services Group, a portfolio company of Alpine Investors.

Headquartered in Odenton, MD, Omnyon is a provider of highly sought after in-demand IT services across dozens of mission critical programs at a Classified U.S. Government customer based in Maryland. The Company leverages its highly cleared base of talented professionals and experts to deliver leading capabilities addressing sensitive, national security IT priorities to include cybersecurity, high-performance computing, artificial intelligence (“AI”), machine learning (“ML”), zero trust, reverse engineering, data analytics, and broad IT support / program management requirements.

This combination will allow the Company to accelerate its impressive growth and build on its leading position in supporting the National Security Mission and Evergreen’s dedication to providing public sector solutions.

We believe this transaction highlights several key trends in the managed services M&A market:

  • Significant market demand for technology-driven companies providing leading IT services and security solutions;
  • Companies providing technology solutions for high-profile Intelligence Community customers remain highly coveted in the market;
  • Continued focus on high-growth oriented firms poised to capitalize on key market growth drivers with exemplary past performance, and sustainable recurring revenue and profitability; and
  • Robust financial sponsor activity and appetite for new technology investments, particularly for companies with leading market positions, differentiated mission-focused managed services capabilities, enduring customer relationships, employee-centric culture, and proven leadership teams

Read more in the full press release.

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 200 industry transactions since 2008, 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.

KippsDeSanto & Co. advises SixGen, Inc., a portfolio company of Chart National L.P., on its sale to Washington Harbour Partners

KippsDeSanto & Co. advises SixGen, Inc., a portfolio company of Chart National L.P., on its sale to Washington Harbour Partners

KippsDeSanto & Co. is pleased to announce the sale of its client, SixGen, Inc. (“SixGen” or the “Company”), to Washington Harbour Partners LP (“Washington Harbour”), a leading private investment firm that specializes in partnering with founders and management teams to unlock their next phase of growth.

Headquartered near Annapolis, MD, SixGen is a world-class cyber solutions company for the U.S. national security, intelligence, and defense communities, and critical commercial industries. The Company has built its reputation as an award-winning, industry-recognized leader in comprehensive cyber operations with specific expertise in red team services and tool development. Leveraging deep technical expertise developing proprietary cyber products, coupled with a full suite of complementary cybersecurity services, SixGen deploys unified cyber solutions in support of public and private networks, devices, and critical infrastructure. SixGen’s core offerings span vulnerability research, threat hunting, machine learning and data science, incident response, and cyber network operations. With a unique focus on integrating software with purpose-built hardware, the team’s experienced and credentialed cyber professionals develop customizable and proprietary solutions that go beyond traditional cyber compliance checks.

SixGen employs a critical mass of experienced, credentialed, and cleared subject matter experts (“SMEs”) with diverse backgrounds from premier military and cyber organizations to maintain its position as a trusted partner to well-funded customers across the national security landscape. With a world-class team of operators, pioneering developers, and engineers, and cyber data science and threat prediction utilizing cyber-AI platforms, SixGen offers industry leading red team capabilities, with bespoke expertise in emulating and assessing real-world threats, supported by a portfolio of next generation intellectual property. SixGen’s team protects national security interests across the expanding cyber battlefield from coordinated attacks by the most advanced cyber adversaries ranging from individual rogue actors to sophisticated nation-states.

The acquisition represents a new platform for Washington Harbour, affording SixGen a new partner at a key inflection point in its growth trajectory as the Company’s cyber services and high-end product suite are critical to the national security mission and designed to meet the unique and specific needs of the nation’s most important cybersecurity problems. Boasting recent awards on numerous signature programs, as well as access to key contract vehicles, SixGen is positioned for accelerated growth as an offensive cyber specialist in both its existing and untapped markets.

This transaction highlights several key trends in the cybersecurity M&A market:

• Significant market demand for technology-driven companies providing unified cybersecurity products and services;
• Companies deeply embedded on signature programs with high-profile agencies and customers remain highly coveted;
• Continued focus on high-growth firms with critical contract vehicles aligned with ample funding, administrative priorities, and an evolving threat landscape; and
• Significant appetite from financial sponsors for assets with leading market positions, differentiated solutions offerings, and experienced leadership teams

Read more in the full press release.

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 200 industry transactions since 2008, 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.

KippsDeSanto & Co. advises Concept Plus on its Growth Investment from Blue Delta Capital Partners

KippsDeSanto & Co. advises Concept Plus on its Growth Investment from Blue Delta Capital Partners

KippsDeSanto & Co. is pleased to announce that its client, Concept Plus, LLC (“Concept Plus” or the “Company”), has received a strategic investment from Blue Delta Capital Partners (“Blue Delta”) a leading growth stage venture capital firm exclusively focused on the U.S. Federal Government Services market.

Headquartered in Fairfax, VA, Concept Plus is a leader in software development solutions focused on Oracle Technologies, Cloud Computing, Data Analytics, Digital Services, and Artificial Intelligence for U.S. Government customers. The Company specializes in working alongside the five primary hyperscale cloud infrastructure providers, with a focus on Oracle, to develop and modernize mission critical enterprise systems for the U.S. Federal Government.

Founded in 2008, Concept Plus has utilized its decade plus of expertise in technology and government consulting to deliver innovative technology solutions that maximize client results. Blue Delta’s minority- investment will support Concept Plus strategic growth evolution, bolster the executive leadership team, and help the Company put together a market leading Board of Directors.

This transaction highlights several key trends in the M&A market:

• Significant market demand for companies with deep expertise working with Oracle, Microsoft, and other hyperscale cloud infrastructure providers that serve as the foundation for the U.S. Federal Government and commercial enterprises’ most critical modernization efforts

• Increasing appetite for mission-oriented implementation specialists that optimize enterprise systems, enhance interoperability, and drive mission performance

• Continued focus on high-growth companies that are aligned with Federal and commercial enterprise IT budgetary trends and strategic priorities (e.g., IT system modernization, data as a strategic asset, etc.)

• Financial sponsors remain active for leading assets, particularly for companies with leading market positions, differentiated digital modernization capabilities, and enduring relationship with well-funded customers

Read more in the full press release.

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 200 industry transactions since 2008, 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 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.

SoarTech acquired by Forward Slope, Inc.

KippsDeSanto & Co. advises Soar Technology Inc. on its sale to Forward Slope Inc., a portfolio company of Trive Capital

SoarTech acquired by Forward Slope, Inc.

KippsDeSanto & Co. advises Soar Technology Inc. on its sale to Forward Slope Inc., a portfolio company of Trive Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, Soar Technology Inc. (“SoarTech” or the “Company”) to Forward Slope Inc. (“Forward Slope”), a portfolio company of Trive Capital.

Headquartered in Ann Arbor, MI, SoarTech is a leading provider of advanced artificial intelligence (“AI”) solutions to address complex Department of Defense (“DoD”) mission requirements. SoarTech leverages cognitive, neural, swarm, and machine learning technologies built on computational cognitive designs that enable the creation of autonomous agents to assess large amounts of data and assist human decision-making. The Company’s solutions emphasize natural interaction, transparency, and explainability, in order to create AI systems the Warfighter can trust.

SoarTech’s world-class AI scientists and engineers possess deep subject matter expertise and experience in research, government contracting, defense procurement, and academia.  The Company implements its “Whiteboard to Warfighter” development process to enable next-generation national security superiority. The Company has built an extensive portfolio of intellectual property (“IP”), as well as a wealth of historical small business innovative research (“SBIR”) awards with a heavy focus on AI-enabled technologies that have been successfully transitioned to end customer adoption. SoarTech’s cutting-edge solutions, qualifications, and extensive AI knowledge position the Company to meet evolving contract AI requirements across the DoD.

The partnership with Forward Slope will further enhance SoarTech’s growth as the Company continues to provide next-generation technologies across the DoD and adjacent customers and applications.

We believe this investment demonstrates several key trends in the current government technology solutions M&A environment:

  • Strong market appetite for firms with leading IP and capabilities in AI / Machine Learning  
  • Emphasis on highly strategic investments aligned closely with priority funding areas resulting from the evolving global threat environment
  • Financial sponsors remain focused on complementary add-on acquisitions that offer new capabilities with high-end technology expertise, as well as expanding customer footprint with well-positioned agencies 

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 200 industry transactions since 2008, 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 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.

KippsDeSanto & Co. advises Altamira on its sale to VAST, a portfolio company of ClearSky

KippsDeSanto & Co. advises Virginia Systems and Technology, Inc. on its sale to Altamira Technologies Corporation

KippsDeSanto & Co. advises Virginia Systems and Technology, Inc. on its sale to Altamira Technologies Corporation

KippsDeSanto & Co. is pleased to announce the sale of Virginia Systems and Technology Inc. (“VaST” or the “Company”) to Altamira Technologies Corporation, a McLean, VA based defense contractor. Altamira is owned by a ClearSky-led group that includes McNally Capital and Razor’s Edge Ventures.

Headquartered in Warrenton, VA, VaST provides end-to-end Tasking, Collection, Processing, Exploitation, and Dissemination (“TCPED”) mission coverage with the goal of increasing the efficacy of Signals Intelligence (“SIGINT”) missions for National Security customers. The Company uses its tip-of-the-spear SIGINT mission execution expertise to bridge the gap between operations and engineering disciplines within the Intelligence community.

Positioned at the forefront of Advanced SIGINT operations and capabilities, VaST delivers a superior TCPED process by informing key decision makers with trusted intelligence through a highly automated system, allowing for effective and efficient execution of customer missions. VaST’s model and operations continue to have an out-sized impact on new tradecraft, identifying emerging threats, defining new concepts of operation (“ConOps”), and implementing new capabilities through superior operations and engineering expertise

The combination of VaST with Altamira will further accelerate the combined entity’s SIGINT capabilities and adds depth to Altamira’s National Security customer portfolio.

We believe this transaction highlights several key trends in the defense M&A market:

  • Companies with high-end capabilities in support of National Security missions remain attractive targets given budgetary trends and focus on addressing near-peer threats
  • Buyers continue to place significant value on companies with deep customer intimacy and relationships across the Intelligence community
  • Financial sponsors with focused industry expertise and investment strategies continue to be active acquirors, particularly for companies with deep subject matter expertise, established customer relationships, and a highly skilled and experienced employee base

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 200 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. Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.

Press Release

Altamira Technologies Corporation Has Acquired VaST

Altamira Technologies Corporation today announced it has completed the acquisition of Virginia Systems & Technology, Inc. (VaST), a Warrenton, Virginia-based signals intelligence mission company.

“The acquisition of VaST brings new SIGINT capabilities and core National Security Customers to the Altamira portfolio” said Jane Chappell, CEO of Altamira. “VaST’s culture of marrying elite engineering with critical operations is a strong match with Altamira. We welcome them to the Altamira team.”

VaST, founded in 1999 on the principal of providing tip of the spear SIGINT mission execution expertise, implements a unique and innovative approach to the SIGINT mission by bridging the gap between Operations and Engineering with new capabilities. With the acquisition of VaST, Altamira adds new capabilities in end-to-end SIGINT tasking, collection, processing, exploitation, and dissemination (TCPED), National/Tactical SIGINT collaborative mission constellation management, and emerging threat identification.

“VaST is very excited to be joining such a like-minded company and looks forward to a combined opportunity to make larger and more impactful contributions to the defense of our nation” said Jay Hebert, President/CEO of VaST.

“We are excited about the combination of Altamira and VaST. Adding VaST’s capabilities to the Altamira platform should enable Altamira to grow faster with customers,” said Bernard Noble, Managing Director at ClearSky.

The acquisition adds talent in every SIGINT vertical including software developers, data scientists, operations specialists, mission integrators, and analysts to Altamira’s workforce.

Mintz served as legal advisor to Altamira. Holland & Knight served as legal advisor and KippsDeSanto & Co. served as financial advisor to VaST.

About Altamira

Altamira Technologies is a McLean, VA based defense contractor supporting critical defense and national missions for 20 years. Founded in 2003, Altamira has been a trusted partner providing expert-driven, data- accelerated analytic and engineering solutions for space, cyber, air, and intel missions.

About ClearSky

ClearSky is a venture capital/growth equity group that invests in innovative companies, with a special focus on (i) disruptive solutions for cybersecurity in information technology, industrial and critical infrastructure, and the defense industry, (ii) technologies driving the energy transition, climate related technologies, and sustainability, and (iii) the digital transformation of enterprise customers’ operations and communications.