KippsDeSanto & Co. advises Spatial Business Systems LLC on its sale to an affiliate of Peak Rock Capital

KippsDeSanto & Co. advises Spatial Business Systems LLC on its sale to an affiliate of Peak Rock Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, Spatial Business Systems LLC (“SBS” or the “Company”), to an affiliate of Peak Rock Capital (“Peak Rock”), a leading middle-market private investment firm.

Headquartered in Littleton, CO, SBS is a leading provider of intelligent design software and spatial data integration solutions to many of the world’s largest utilities and infrastructure firms across North America, Europe, and Australia. The Company’s suite of vertical-focused software supports the engineering and design of critical network infrastructure assets, creating real-world models that are used to manage workflows, facilitate collaboration and standardize design rules.

SBS  has a deeply entrenched franchise position across multiple segments of the utility industry and a rapidly growing presence in adjacent infrastructure verticals including architecture, engineering and construction, telecommunications and water. The Company serves a large, diversified and referenceable blue-chip customer base, including 18 of the 23 Fortune 500 utilities, across an expansive global footprint.

Peak Rock Capital’s knowledge and expertise in the utilities and infrastructure vertical will help to accelerate the Company’s growth and support further investments in the Company’s product offering, go-to-market as well as expansion into new sectors and geographies.

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

  • Significant market demand for vertical-focused software providers with solutions that are purpose-built to address industry and customer-specific requirements, drive digital transformation and deliver massive ROI
  • Accelerating investment and M&A activity in the utility and infrastructure technology and software segment as the sector undergoes the most dramatic transformation in the past century
  • Continued demand for companies that are poised to capitalize on key market growth drivers (e.g., increasing infrastructure investment, grid modernization, decarbonization & renewable energy, transportation electrification, etc.)
  • Robust financial sponsor activity and appetite for new technology and software platform investments, particularly for companies with leading market positions, best-in-class, highly differentiated technology and software 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 175 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

October 03, 2022

An affiliate of Peak Rock Capital (“Peak Rock”), a leading middle-market private investment firm, announced today that it has completed an acquisition of Spatial Business Systems LLC (“SBS” or the “Company”), in partnership with the Company’s founders and management team.

SBS is a leading provider of intelligent design software and spatial data integration solutions to many of the world’s largest utilities and infrastructure firms across North America, Europe and Australia. The Company’s suite of vertical-focused software supports the engineering and design of critical network infrastructure assets, creating real-world models that are used to manage workflows, facilitate collaboration and standardize design rules.

Jordan Campbell, Managing Director of Peak Rock, said, “SBS represents an exciting opportunity to invest in a rapidly growing software platform within the highly attractive utilities and infrastructure vertical. Investment in utility infrastructure to modernize the power grid and enable more renewable energy sources is of critical importance and SBS’ tools offer a best-in-class solution to facilitate efficient and effective design. We are thrilled to partner with SBS to accelerate the Company’s growth and support further investments in the product offering as well as expansion into new applications and geographies.”

Dennis Beck, Chief Executive Officer of SBS, commented, “We are excited to partner with Peak Rock as we embark on the next chapter of our development. Peak Rock has a deep understanding of our business and customers, and a strong track record of driving sustainable growth by supporting long-term investments. Andy and I are delighted to welcome this new investment and will continue to work closely with the dedicated SBS team to further serve our customers and expand our footprint.”

“This transaction exemplifies Peak Rock’s commitment to invest in leading enterprise software businesses with a differentiated value proposition that are serving attractive end markets. We continue to actively seek founder-owned platforms that we believe would benefit from our ability to drive transformational growth,” added Anthony DiSimone, Chief Executive Officer of Peak Rock.

ABOUT SPATIAL BUSINESS SYSTEMS

SBS is a leading provider of intelligent design software to utilities and critical network infrastructure assets. SBS’s suite of vertical-focused software solutions automate and streamline engineering & design workflows, integrate spatial and design data and improve design effectiveness. The Company serves a blue-chip customer base including some of the world’s leading utilities and infrastructure firms. Founded by Dennis Beck and Andy Street, SBS is headquartered in Denver, Colorado with an office in Melbourne, Australia.

ABOUT PEAK ROCK CAPITAL

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com

KippsDeSanto & Co. advises Seneca Resources, LLC on its sale to Caymus Equity Partners

KippsDeSanto & Co. advises Seneca Resources, LLC on its sale to Caymus Equity Partners

KippsDeSanto & Co. is pleased to announce the sale of its client, Seneca Resources, LLC (“Seneca Resources”) to Caymus Equity Partners LLC (“Caymus”).

Headquartered in Reston, VA, Seneca Resources is a leading national information technology (“IT”), engineering, and business professional talent provider serving highly sought-after customers with established footholds across large, attractive end markets, including government, financial, and healthcare, among others.

Through the combination of its multi-pronged delivery model, deep IT and engineering domain expertise, proprietary systems and talent communities, and local presence in the core markets in which it operates, Seneca Resources has established itself as a premiere workforce solutions platform for its customers. Seneca Resources’ deeply entrenched relationships with its customers as their go-to-talent provider has allowed for demonstrable and consistent growth, driving additional workforce solutions and wallet share expansion across its diverse client base.

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

  • The confluence of several market trends including skilled worker shortage, unemployment, remote work, and demand for technology expertise has increased market appetite for more complex solutions for staffing and recruitment;
  • Buyers continue to place significant value on firms with key 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 market, establishing 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 175 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

September 28, 2022

Caymus Equity Partners LLC (“Caymus Equity”) has acquired Seneca Resources, LLC (“Seneca” or the “Company”), a rapidly growing IT staffing company based in Reston, VA, with additional offices in Richmond, VA, Atlanta, GA, Birmingham, AL, and Dallas, TX. The acquisition represents Caymus Equity’s third staffing investment and the second investment out of Caymus Equity Partners Fund II.

Founded in 2010, and led by Rob Persiano, the Company services a nationwide customer base and focuses on the delivery of difficult to find, top-tier technology talent capable of addressing complex IT and engineering workforce needs. Seneca’s deep bench of high-end IT consultants has resulted in tenured relationships with numerous notable clients spanning industries including Government, Healthcare, and Financial Services. Caymus Equity’s investment provides Seneca with the capital support necessary to continue expansion with existing clients, penetrate new industry verticals and geographies, and pursue strategic acquisitions.

“Seneca’s clients have specialized IT needs requiring certain skill sets many businesses find difficult to recruit internally and other, less specialized staffing firms struggle to provide. Our success at Seneca is the result of a differentiated talent pool developed over the past decade, highly responsive delivery model, and long-term relationships with both our consultants and clients,” commented Mr. Persiano. “Caymus Equity’s historical successes in the staffing space and a shared vision for the future growth plan for Seneca strongly resonated with the entire management team.”

“With the digitization of the global economy and the remarkable growth that the IT staffing industry has experienced as a result, Seneca presented us with an opportunity to leverage our experience and existing relationships in the industry,” commented Blake Cummings, Principal and investment-lead at Caymus Equity. “We could not be more excited to partner with Rob and the Seneca team to continue building the business into the premier IT staffing company in the industry.”

“This transaction continues to deepen our staffing expertise at Caymus Equity, and also furthers the investment momentum we have in our first committed fund, Caymus Equity Partners Fund II,” commented Geoff Faux, Managing Partner. “We are excited to support Rob and his team and look forward to growing the business together.”

Caymus Equity’s staffing experience includes a prior investment in Hospitality Staffing Solutions, the nation’s largest provider of full-time staffing services to hotels, resorts and casinos, and a current investment in PlanIT Group, a technology consulting firm providing IT consulting and staffing services to a global client base.

The investment in Seneca on September 21, 2022 marks Caymus Equity’s fourteenth platform investment, and second investment out of Caymus Equity Partners Fund II.

To read more about Seneca resources, visit http://www.senecahq.com/

To learn more about Caymus Equity, visit https://www.caymusequity.com/

Caymus Equity Partners

Founded in 2001 and with offices in Atlanta and New York, Caymus Equity Partners is a leading private equity firm focused on control transactions in the lower middle market. We invest in profitable companies with significant upside potential where the owners and management teams are seeking a value-added partner to help fuel growth. Our partnerships center around mutual culture, business values, and goals as the foundation for driving sustainable growth and value for all stakeholders. We strive to work with management to develop and refine strategy and provide support while leaving day-to-day execution to the operators of the business.

Caymus Equity Partners’ other holdings include PureRED, a provider of a unique combination of marketing services that increase sales and customer engagement for world class retail, consumer packaged goods and business-to-business enterprises; Excel Physical Therapy, a premier provider of sports and orthopedic physical therapy and rehabilitation services in northern New Jersey; TriplePoint, a full-service mechanical contractor with operations across six states in the Midwest; Pan-Am Dental, a full-service manufacturer and distributor of high quality custom dental products; PlanIT Group, a provider of a full suite of IT consulting and staffing solutions to the government and commercial sectors; Colorado Barricade, a provider of roadway safety, pavement marking, traffic control, and sign installation solutions for commercial customers, utility contractors and roadway infrastructure maintenance providers in the Rocky Mountain region; and Overland Vehicle Systems, a leading branded supplier of outdoor and automotive aftermarket parts and accessories for Overlanding and off-roading enthusiasts.

KippsDeSanto & Co. advises Logistics Management Institute on its sale of for-profit subsidiary, LMI Consulting, to a consortium of investors formed by Declaration Partners, Capitol Meridian Partners, and 22C Capital

KippsDeSanto & Co. advises Logistics Management Institute on its sale of for-profit subsidiary, LMI Consulting, to a consortium of investors formed by Declaration Partners, Capitol Meridian Partners, and 22C Capital

KippsDeSanto & Co. is pleased to announce the sale of LMI Consulting (“LMI” or the “Company”) by its client, Logistics Management Institute (“the Nonprofit”), to Declaration Capital Partners, Capitol Meridian Partners, and 22C Capital.  The remaining Nonprofit will be re-branded as NobleReach Foundation™.

Headquartered in Tysons, VA, LMI is a leading provider of technology-enabled management advisory, logistics, and digital & analytics solutions to the U.S. government.

The Company specializes in delivering modern, repeatable solutions to help federal and Intelligence Community (“IC”) customers align their resources with changing and competing priorities, arming them with practical tools to prepare for future challenges. Specific core offerings include advanced analytics, artificial intelligence, business transformation, human capital solutions, supply chain management, and logistics transformation. Additionally, the Company has a rich portfolio of proprietary modeling and simulation tools to help solve complex supply chain and inventory management problems and automate complex processes.

Founded in 1961 to help the Department of Defense (“DoD”) solve complex challenges, LMI has leveraged decades of experience and prior performance to establish a franchise position across nearly all federal markets. LMI is focused on bringing future-focused thought leadership and technology to customers within the Defense & Space, Health & Civilian, Homeland Security, and Intelligence markets.

The partnership with Declaration Partners, Capitol Meridian Partners, and 22C Capital will help expand LMI’s growth further as the Company continues to deliver in-demand capabilities and proprietary solutions across its core markets.

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

  • High-end, next-generation technologies continue to be highly coveted growth areas given their importance to National Security and increasing budgetary trends
  • Significant demand for diversified capabilities, market expertise, and intellectual property reinforced by highly skilled, experienced, and cleared employees
  • Financial sponsors with explicit growth strategies and industry knowledge continue to deploy capital through new platform investments, particularly for companies with strong management teams, established customer relationships, and differentiated proprietary technologies

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 175 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

LMI Agrees to Sell For-Profit Subsidiary to Consortium of Investors

  • Declaration Partners, Capitol Meridian Partners, and 22C Capital have deep experience growing tech-enabled businesses that serve the U.S. government
  • Investor group brings a blend of long-duration capital, industry expertise, and technology/data analytics resources to enhance LMI’s support of customers
  • Remaining nonprofit entity to re-brand as NobleReach Foundation™

Tysons, VA, Washington, DC & New York, NY – LMI, a provider of technology-enabled management consulting, logistics and digital & analytics solutions to the U.S. government, has agreed to sell its for-profit subsidiary to a consortium of investment firms: Declaration Partners (backed by the family office of David M. Rubenstein), Capitol Meridian Partners, and 22C Capital. The for-profit subsidiary will retain the LMI name. The remaining entity will be re-branded as nonprofit NobleReach Foundation™ and be a free-standing independent entity. Terms of the transaction, which is expected to close in Q3 2022, are not disclosed.

 

Doug Wagoner, LMI president and CEO, said, “This new partnership will better position LMI to innovate and support the missions of its government customers. Declaration, Capitol Meridian, and 22C bring an extensive knowledge of the government marketplace and a deep technology expertise, strengthening our ability to help our customers solve their complex challenges.” He added, “Our people are our greatest asset. This opportunity expands our ability to attract and retain the best talent while maintaining our winning LMI culture.”

“The federal government is in the early stages of a generational digital transformation of IT infrastructure. Under the proven and inspired leadership of Doug Wagoner, LMI is well-positioned to continue to be the technology solutions provider of choice to a range of government agencies,” said Adam Palmer of Capitol Meridian Partners, Elliot Wagner of Declaration Partners, and Eric Edell of 22C Capital.

They added, “We will support Doug and his team as they build on LMI’s rich 60+ year history of relationships in a cross-section of the federal government and accelerate the evolution of the platform into a digital-focused, tech-enabled solutions provider leveraging an in-house technology incubator to better serve its customers.”

Founded in 1961 to help the Department of Defense resolve complex challenges, LMI provides digital services, advanced analytics, logistics, and management advisory services across the federal government, including the Department of Defense, the Department of Homeland Security, and the health and intelligence communities.

The Honorable Lisa Disbrow, LMI’s chair, commented, “The evolution and separation of LMI and NobleReach Foundation™ is a necessary force multiplier that accelerates the opportunity to realize LMI’s mission and charter—driving greater value for employees, government, and society through two unique, exceptional organizations.”

KippsDeSanto & Co. served as the M&A advisor to LMI, and Macquarie served as M&A advisor to the investors. The investors were also advised by Latham & Watkins, Sidley Austin, and Paul Weiss on various aspects of the transaction.

 About LMI

LMI is a consultancy dedicated to powering a future-ready, high-performing government, drawing from expertise in digital and analytic solutions, logistics, and management advisory services. We deliver integrated capabilities that incorporate emerging technologies and are tailored to customers’ unique mission needs, backed by objective research and data analysis. Founded in 1961 to help the Department of Defense resolve complex logistics management challenges, LMI continues to enable growth and transformation, enhance operational readiness and resiliency, and ensure mission success for federal civilian and defense agencies.

 About Declaration Partners

Declaration Partners is a private investment firm that seeks to be a value-added capital partner and strategic resource to management teams and asset owners where patient, flexible capital provides an advantage. Declaration has approximately $2.5 billion in assets under management across its investment strategies, which include growth equity, real estate, platform company investments, fund seeding, and other opportunistic strategies. Anchored by the family office of private equity veteran and philanthropist David M. Rubenstein, Declaration invests on behalf of family offices and like-minded institutional investors. The firm was founded in 2017 and is headquartered in New York with an office in the Washington, DC area.

 About Capitol Meridian Partners

Capitol Meridian Partners was formed in 2021 to invest at the nexus of commercial and government markets, targeting opportunities where the firm can invest and drive value creation through active engagement with management. The firm draws upon the deep network of industry veterans curated over 25+ years of its principals’ experience in the sector to bring thoughtful strategic resources to each investment opportunity.

 About 22C Capital

22C Capital is a private investment firm committed to delivering capital and critical resources to companies operating at the intersection of technology enablement and data analytics adoption. 22C partners with world-class management teams to build

leaders in their respective markets. The firm’s operational and technology resources, including its affiliated data science organization, deliver practical, real-world support to help convert businesses’ challenges into opportunities and unlock their full potential.

Media Contacts

LMI

Robin Milton
(703) 727-8517
wmilton@lmi.org

Declaration, Capitol Meridian, and 22C Capital

Chris Ullman
(202) 641-2234
chris@chrisullman.com

centerpoint

KippsDeSanto & Co. advises CENTERPOINT LLC, on its sale to Gunnison Consulting Group Inc., a portfolio company of Blue Delta Capital Partners

KippsDeSanto & Co. advises CENTERPOINT LLC, on its sale to Gunnison Consulting Group Inc., a portfolio company of Blue Delta Capital Partners

KippsDeSanto & Co. is pleased to announce the sale of CENTERPOINT LLC. (“CENTERPOINT” or the “Company”), to Gunnison Consulting Group Inc., a portfolio company of Blue Delta Capital Partners.

Headquartered in Leesburg, VA, CENTERPOINT is a leading provider of tailored, end-to-end cybersecurity solutions for US federal civilian, intelligence, and defense agencies. CENTERPOINT offers a comprehensive suite of customer-agnostic end-to-end cybersecurity capabilities, enabling clients to identify and mitigate risks, assure the security of its assets, and measure compliance against constantly evolving information security standards.

Positioned at the forefront of the rapidly-growing and mission-critical federal cybersecurity market, CENTERPOINT holds key contract vehicles and BPAs that grant it wide-reaching customer access. The Company has cemented itself as a trusted partner capable of addressing the complex requirements of each of its customers. CENTERPOINT’s cadre of highly technical, credentialed, and cleared cybersecurity experts drives customer satisfaction and further entrenches existing relationships with customers.

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

  • Pure-play assets in high-profile and growing IT modernization verticals such as cybersecurity remain highly coveted in the market
  • Strong preference for past performance and customer intimacy with well-funded customers
  • Mid-sized businesses led by proven management teams, strong revenue and earnings growth, and strategically positioned in both highly technical and well-funded customer segments continue to be attractive accelerators to private equity platforms

 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 175 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

Leading digital transformation contractor for the Federal Government joins forces with next gen cybersecurity solutions provider to form powerhouse full scope services provider

Fairfax, VA — February 24, 2022 —Gunnison Consulting Group, Inc., a leader in digital transformation capabilities for U.S. Federal Government customers, announced today that it has acquired CENTERPOINT, Inc., a leading pure-play cybersecurity solutions provider.

“We are thrilled to add the CENTERPOINT team’s elite cybersecurity skills to the services we offer and are confident this partnership will allow the combined business to solve some of the most pressing IT modernization challenges facing our customers,” said Gil Dussek, CEO of Gunnison. “It is an obvious next step in Gunnison’s growth to have CENTERPOINT’s technical expertise and laser-like focus on high-quality, differentiated solutions matched up with Gunnison’s mission focus and core values.”

Founded in 2014, CENTERPOINT provides tailored cybersecurity solutions for customers across the Federal government. With vast capabilities and experience in cyber defense, response, and strategy, as well as governance solutions that enable secure operation of, and access to, large enterprise data and services, CENTERPOINT strengthens Gunnison’s cutting-edge capabilities and helps define the Company as a leading middle market player in the Federal market.

CENTERPOINT’s leadership team will continue in senior roles at Gunnison, with Ed Silva, Co-CEO and Co-Founder of CENTERPOINT bringing to the combined company his visionary thinking and breadth of experience as Chief Strategy Officer. Additionally, COO-CTO Tony Ambegaoker will become the Chief Information & Innovation Officer of Gunnison.

Baly Ambegaoker, Co-CEO and Co-Founder will join the Gunnison Board of Directors, alongside the former CEO of SRA International, Renny DiPentima, and the former global public sector head of IBM, Anne Altman.

“Gunnison shares our long-standing, core commitment to excellence and focus clients’ missions,” said Silva. Baly Ambegaoker added, “By combining CENTERPOINT’s expertise with that of Gunnison, our rapidly growing platform is well-positioned to scale to new heights in providing innovative services and solutions to the market.”

Holland & Knight served as legal advisor to Gunnison for this transaction. KippsDeSanto was the financial advisor to CENTERPOINT. Financial terms of the deal were not disclosed.

About Gunnison

Gunnison is a trusted partner to Federal Government customers on their most ambitious IT projects. Gunnison is a venture capital backed company delivering cutting-edge solutions in agile software development, data analytics, IT service management, and cybersecurity.

About CENTERPOINT

CENTERPOINT is a pure-play Federal technology company exclusively focused on delivering the next generation in cybersecurity services and solutions. CENTERPOINT provides tailored solutions focused on cyber defense, response, strategy, and governance that enable the secure operation of, and access to large enterprise data and services. More information at: www.centerpoint.biz

KippsDeSanto & Co. advises Boecore on its sale to Enlightenment Capital

KippsDeSanto & Co. advises Boecore on its sale to Enlightenment Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, Boecore, Inc. (“Boecore” or the “Company”), to Enlightenment Capital.

Headquartered in Colorado Springs, CO, Boecore is a premier provider of Software Development, Cybersecurity, and Systems and Network Engineering to critical space and missile defense elements of the U.S. Department of Defense.

The Company specializes in architecting, engineering, and providing High-Fidelity Modeling and Simulation, Agile Software Development, DevSecOps, Enterprise Network Architecture, Command and Control, and Threat Intrusion Analysis. Additionally, the Company has proprietary products such as BORG™ (deployed at the National Space Defense Center) and Blue Force Defender™ (deployed at the Missile Defense Schoolhouse) that enhance warfighter readiness.

Boecore has established long-standing and growing relationships across organizations within the Missile Defense Agency (“MDA”), U.S. Space Force (“USSF”), Air Force, Army, Space Command, among others, and has developed a highly regarded reputation by leveraging its capabilities and extensive subject matter expertise around unique mission critical programs.  The partnership with Enlightenment Capital will help expand Boecore’s growth further as the Company continues to deliver in-demand capabilities and proprietary products / process innovation tools across its core markets.

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

  • Space and Missile Defense continue to be highly coveted growth areas given their importance to National Security and increasing budgetary trends
  • Significant demand for advanced engineering capabilities and intellectual property reinforced by highly skilled, experienced, and cleared employees
  • Financial sponsors with intimate knowledge of target industries / explicit growth strategies continue to deploy capital through new platform investments, particularly for companies with strong management teams, high-end core capabilities, and differentiated proprietary products

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.

b3 group

KippsDeSanto & Co. Advises B3 Group, Inc. on its sale to Octo, a Portfolio Company of Arlington Capital Partners

KippsDeSanto & Co. Advises B3 Group, Inc. on its sale to Octo, a Portfolio Company of Arlington Capital Partners

KippsDeSanto & Co. is pleased to announce the sale of its client, B3 Group, Inc. (“B3” or the “Company”) to Octo, a portfolio Company of Arlington Capital Partners.

Headquartered in Herndon, Virginia, B3 is a leading provider of holistic digital transformation services delivering forward leaning digital thought leadership, deep technical expertise, cutting edge Salesforce and other low-code /  no-code technologies (including Microsoft Power Platform, Pega, and ServiceNow) domain knowledge and a range of next-gen IT capabilities that drive enterprise-wide digital transformation initiatives across the Department of Veterans Affairs (“VA”) to further improve health outcomes and support for veterans and military families.

Leveraging its differentiated capabilities, as well as its franchise position within the VA and as an established Transformation Twenty-One Total Technology Next Generation (“T4NG”) contract holder, B3 has established itself as the go-to digital partner with a significant footprint across the entire VA enterprise, including the Digital Transformation Center (“DTC”), which is a marquee $686M program to enable and deliver agency-wide access to modernized SaaS, PaaS, and emerging digital products, and technology platform management. Combined with over 350 certified subject matter experts and employees, the Company has been critical to its customers achieving next-generation, dynamic capabilities that facilitate information sharing and optimization of metadata and improve overall business performance.

The acquisition adds B3’s deeply embedded VA relationship and past performance to Octo’s broader federal health footprint, and a differentiated suite of digital services and capabilities, including Salesforce, low-code / no-code, data analytics, and cloud engineering.

We believe this transaction demonstrates several key trends in the healthcare IT and government technology M&A environment:

  • Continued trend of investment and emphasis placed on large, growing federal health IT market given favorable budgetary environment
  • Strong demand for access to VA via major contract vehicles and task orders (i.e., T4NG and $686M DTC Task Order) to complement and bolster existing Federal health practices
  • Significant value attributed to targets with highly differentiated digital transformation offerings
  • Private equity and private equity-backed buyers continue to actively invest in the government services market and pursue targets that add immediate scale and customer access, next-gen capabilities, and a talented workforce with deep subject matter expertise

About KippsDeSanto & Co. KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Space / 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 175 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

Octo Acquires Digital Transformation Leader B3 Group

 The B3 Group acquisition expands Octo’s innovative modernization offerings to all three major federal health markets.

 January 5, 2022, Reston, Va. – Octo, the premier pure-play IT modernization provider for the Federal Government, announced today that it has acquired privately held, Herndon-based B3 Group, Inc. (B3), which provides enterprise-level application modernization leveraging low-code/no-code software and platforms such as Salesforce, Microsoft Power Platform, Pega, and ServiceNow; large-scale data governance, integration and analytics; and cloud engineering and operations to federal healthcare customers.

B3 has 13 years of experience partnering with the U.S. Department of Veterans Affairs (VA) to improve patient experience and health outcomes for veterans. This acquisition expands Octo’s current federal health footprint from the U.S. Department of Health and Human Services (HHS) and the Defense Health Agency (DHA) to include the VA, and bolsters Octo’s position as a major IT modernization services provider to these major federal health customers. The addition of B3’s marquee programs, including the $686 million Digital Transformation Center (DTC) contract, expands the technical modernization expertise Octo provides at scale to its existing federal civilian, homeland security, defense, and intelligence customers.

Both B3 and Octo have a history of driving innovation on behalf of their customers. B3’s Digital Transformation and Modernization (DTM) lab will augment Octo’s recently expanded oLabs™ environment. Housed in a 14,000 square foot facility in Reston, Virginia, oLabs is one of the largest D.C. metro area centers dedicated to Federal Government R&D, containing more than 15 petaflops of AI computer power and two petabytes of FlashBlade storage available to existing customers – and now the VA – to power emerging technology research and product development to improve mission effectiveness.

“We are ecstatic B3 is joining the Octo family,” said Octo CEO, Mehul Sanghani. “Octo’s differentiation lies in its ability to provide pure-play modernization capabilities and proven past performance at a scale and breadth that is unmatched. The addition of B3 further expands that differentiation, adding proven digital transformation capabilities with low-code/no-code technologies, more than 350 highly certified professionals, and over $1 billion of proven task order past performance delivering digital transformation solutions in key markets. These capabilities and proven performance combined with Octo’s highly certified personnel and innovative product suites, will enable current and future federal customers to better serve citizens, active-duty military, and veterans. Now with even deeper experience across the health space added to our defense, intelligence, national security, and civilian customer base, Octo has greatly enhanced its position to serve as the Federal Government’s complete, end-to-end digital modernization partner.”

“Joining Octo allows us to enhance our offerings to our customers through a more robust set of solutions and provide greater career opportunities to our employees,” said B3 CEO, Dwight Hunt. “As B3 and Octo began to collaborate, we collectively realized that our commitment to improving digital services to the VA and the broader federal health community will turbocharge the solutions we deliver to our nation’s veterans and those that support them. Our corporate philosophies and values strongly align, which makes us even more excited to join forces with Octo and create a new vision for the future.”

Octo’s General Manager of Federal Health, Charlie McQuillan, said, “The addition of B3’s low-code/no-code solutions and talented employee base expands Octo’s ability to deliver effective and efficient health solutions. In turn, Octo’s robust technical staff and offerings will enhance services available to B3’s customer base, including the VA. We look forward to working as a unified team, bringing the best of modernization to the Federal Government.”

Michael Lustbader, a Managing Partner of Arlington Capital Partners, said, “B3 adds differentiated capabilities in low-code/no-code software development to the suite of Octo’s solutions. We look forward to serving the U.S. Department of Veterans Affairs, bringing these expanded capabilities to our existing customers, partnering with B3’s management, and investing behind their modernization growth vectors.”

B3’s leadership will remain with the company and expand Octo’s Health business to drive continued growth and customer success.

About Octo

Octo is a technology firm dedicated to solving the Federal Government’s most complex challenges,enabling agencies to jump the technology curve. We don’t just modernize. We create lasting change through best practices that help agencies implement and integrate at-scale next-generation technology and innovation. With a mission and service first mentality, we provide Agile, DevSecOps, Artificial Intelligence, Cybersecurity, Blockchain, Cloud, Open Source, and Data Science solutions, collaborating to solve customers’ pressing problems. Headquartered in Reston, Virginia, Octo delivers proven technology vital to the intelligence community and health care, defense, national security, and civilian agencies that directly impact our nation. Visit octoconsulting.com to learn more.

 About B3

B3 is an IT transformation firm specializing in digital services and technology solutions that impact the lives of veterans. B3 manages large-scale digital transformation platforms and provides services facilitated through its technology partnerships. Founded in 2008 on theprinciplesof servant leadership, B3 has been recognized annually by Inc. 5000 for its strategic growth and was recently named a 2021 Washington Post Top Workplace. B3 brings its foundational values of innovation, collaboration, and integrity to every interaction with its stakeholders: employees, government, and partners. Visit b3groupinc.com to learn more.

markon solutions

KippsDeSanto & Co. advises Markon Solutions on its merger with Anser Advisory, LLC, a portolio company of Sterling Investment Partners

KippsDeSanto & Co. advises Markon Solutions on its merger with Anser Advisory, LLC, a portfolio company of Sterling Investment Partners

KippsDeSanto & Co. is pleased to announce the merger of Markon Solutions (“Markon” or the “Company”) with Anser Advisory, LLC, a portfolio company of Sterling Investment Partners.

Headquartered in Falls Church, VA, Markon is a leading management consulting and advisory firm addressing critical infrastructure and mission support for a national security customer base, spanning the Intelligence Community (“IC”), Department of Defense (“DoD”), and Federal and Civilian (“FedCiv”) agencies.

Backed by a team of highly-cleared engineers, architects, program / construction managers (“PM/CM”), and security professionals, Markon has a deep heritage supporting and managing its customers’ most critical secure infrastructure, capital projects, and

related mission requirements, to include facilities management, security, technology, finance, and training. The Company’s comprehensive consulting solutions and embedded positions supporting its well-funded, high-profile customers has positioned Markon at the forefront of the Federal secure facilities and infrastructure market with several well-established growth opportunities to support the accelerated need of customers to protect their most critical assets.

The acquisition adds Markon’s expansive Federal market consulting expertise to Anser’s existing civil and social infrastructure portfolio.

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

  • Secure infrastructure and critical missions support remain well-funded and of vital importance to broader National Security objectives;
  • Acquirers continue to attribute strong value to companies with entrenched customer positioning and longstanding incumbency on mission-critical programs;
  • Deep domain and subject matter expertise, paired with highly differentiated management consulting models, remain critical differentiators for sellers; and
  • Private equity continues to deploy capital in the government services market – via new platforms and add-ons to existing portfolio companies to further diversify current offerings and further build the middle 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

Anser Advisory and Markon Solutions Announce Merger

Santa Ana, CA. — October 12, 2021 – Anser Advisory (“Anser”), the 17th largest PM firm according to ENR, second fastest growing AE firm in 2020 according to Zweig Group, and a Certified Great Places To Work organization, and Markon Solutions (“Markon”), the 33rd PM-for-Fee and 61st CM-for-Fee firm in 2021 according to ENR and a perennial Washington Post Top Workplaces firm, are pleased to announce the merging of their organizations.

The combination of Anser and Markon creates a 650+ employee organization comprised of world-class leaders and innovators who support mission critical projects globally for some of the nation’s most prestigious organizations, including the intelligence community, federal civilian and defense agencies, transportation, aviation, water/wastewater, energy, education, housing, cultural, healthcare and municipal clients.

Markon will operate as a wholly-owned subsidiary of Anser Advisory, a portfolio company of Sterling Investment Partners. Existing clients of both firms should expect no noticeable change in personnel or support.

Anser’s CEO Bryan Carruthers noted, “The combination of our organizations is transformative. The Markon expertise within the federal market, particularly the intelligence community and civilian and defense agencies, coupled with their established presence within the Virginia/Maryland/DC area are perfectly complementary to the Anser expertise in aviation, transportation, water, education, and energy. Our combined organization will continue to deliver innovative solutions coupled with world-class people in support of our client’s critical missions across federal, civil, and social infrastructure. Markon’s President Matt Dean and I are thrilled to bring our organizations together.”

“Joining with Anser Advisory not only better positions us to compete against the most successful firms in federal contracting, but also provides great depth and variety in terms of the opportunities it creates for our employees,” added Matt Dean. “We will continue to serve our current clients as Anser’s federal division, and our employees will also have the ability to support a larger platform of projects both locally and across the country. Being part of a growing company creates more opportunities for all. Furthermore, this will enable greater investment in innovation, especially as it relates to our security and enterprise technology solutions, which represent new territory for Anser’s platform.”

Markon will initially operate as Markon Solutions, an Anser Advisory Company. Together, the companies will ultimately co-create the framework for a fully integrated organization under the Anser Advisory brand.

Houlihan Lokey served as financial advisor, and Dechert LLP, Seyfarth Shaw LLP, and Morrison & Foerster LLP acted as legal counsel, to Anser Advisory and its affiliates.

KippsDeSanto & Co. served as exclusive financial advisor, and Greenburg Traurig provided legal counsel, to Markon Solutions.

About Markon Solutions

Founded in 2007, Markon Solutions is a nationally recognized professional services firm headquartered in Falls Church, VA. With an elite team of high-performing leaders and innovators, we serve as trusted advisors managing tasks on behalf of our clients, so that they can stay focused on their mission. Markon’s impressive workforce leads with humility and respect, takes initiative, puts corporate and client integrity before personal gain, and are champions of fostering a diverse and inclusive workplace culture where our employees and clients benefit from a wide range of collective viewpoints, experiences, and talents. Specializing in six core service areas—acquisition, finance, facilities, security, enterprise technology, and training—Markon is consistently recognized on the ENR Top 50 Program Management and Top 100 Construction Management-for-Fee Firms, Washington Post Top Workplaces, and Virginia Business Best Places to Work lists. Markon is also a 2021 Top Workplaces USA winner, as well as the first GEN (Gender Equity Now) certified organization on the East coast and in the government contracting industry.

About Anser Advisory

Anser Advisory is an ENR Top 50 Program Management firm, and Great Place to Work® designated 2021 Best Workplaces in Consulting & Professional Services™, specializing in capital program advisory and consulting services, organization preparedness, strategy, funding, process development, program controls and project, program, and agency construction management. Anser offers clients solutions that address owner pain points across the capital development cycle from pre-planning through construction and closeout within a diverse range of social and civil infrastructure end markets.

About Sterling Investment Partners

Sterling Investment Partners is a private equity firm that has been investing in and building middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on business services and value-added distribution, investing in businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. The firm has completed transactions representing $19.4 billion in gross transaction value since inception. www.sterlinglp.com.NEW YORK – J.F. Lehman & Company (“JFLCO”), a leading middle-market private equity firm focused exclusively on the defense, aerospace, maritime, government and environmental industries, announced today that investment affiliates have sold BEI Precision Systems & Space Company, Inc. (“BEI Precision” or the “Company”) to Quantic Corporate Holdings, Inc. (“Quantic Electronics”), a portfolio company of Arcline Investment Management. Terms of the transaction were not disclosed.

 

intech llc

KippsDeSanto & Co. advises InTec, LLC on its sale to Analytic Services Inc.

KippsDeSanto & Co. advises InTec, LLC on its sale to Analytic Services Inc.

KippsDeSanto & Co. is pleased to announce the sale of its client, InTec, LLC (“InTec” or the “Company”), to Analytic Services Inc. (“ANSER”).

Headquartered in Fairfax, VA, InTec is a leading provider of technical and management expertise for Intelligence Community (“IC”) and Federal Civilian (“FedCiv”) customer missions.  The Company has successfully grown and leveraged its franchise position at National Geospatial-Intelligence Agency (“NGA”) to expand its reach across other IC and FedCiv customers.  Specifically, InTec developed, matured, and leveraged its high-end capabilities at difficult-to-penetrate NGA directorates to provide similar solutions to similar challenges at other highly sought-after IC and FedCiv customers.  This growth journey and strategy has afforded the Company customer intimacy, deep domain expertise, and insight into enterprise-level problems, enabling the Company to bring best practices and continuity across organizations, creating significant efficiencies and more effective solutions.

InTec’s talented and innovative management team is supported by highly technical and cleared talent equipped with advanced skill sets applicable across contracts, customers, and missions germane to national security and intelligence objectives.  Employees deliver high-end solutions—which span Systems Engineering and Integration, Intelligence Operations, Training & Certification, Program Management, and Information Technology (“IT”)—that address the entire spectrum of organizational challenges.  Through its Systems Engineering and Integration practice—the Company’s primary offering—employees leverage traditional and agile engineering approaches to deliver enterprise solutions for both cloud and traditional IT infrastructures, designing, building, integrating, and testing complex component subsystems into system, enterprise, and web-enabled solutions that deliver mission objectives.

With touchpoints across myriad national security systems responsible for tasking, collection, processing, exploitation, and dissemination intelligence processes, InTec will enable ANSER to fully operationalize its intelligence offerings, helping mission planners and decision-makers quickly and easily understand and act upon high-value geospatial data.

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

  • Buyers and investors seek providers of diversified, yet unique, solution sets tailored to specific customer missions and challenges
  • Significant demand for deeply embedded, long-standing, and growing client relationships across the IC, insulated from shifting budgetary priorities
  • Attraction toward highly cleared and technical talent with tenured support for classified data and systems
  • Buyers and investors remain focused on partnering with strong management teams with impressive industry experience and proven track records of growth

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 150 industry transactions since 2007, 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. 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

Analytic Services Inc (ANSER) Acquires InTec, LLC

FALLS CHURCH, Va., Dec. 16, 2021 /PRNewswire/ — Analytic Services Inc (ANSER) announced today it has acquired Fairfax-based InTec, LLC., a leader in delivering technical and management expertise across the federal government, to include Intelligence, Civil, and Defense Agencies. With the acquisition of InTec, ANSER broadens its capabilities as a leading public service not-for-profit providing systems engineering and integration, intelligence operations, mission assurance, and program management expertise in the fields of national security, homeland security, and public policy.

Steve Hopkins, ANSER President and Chief Executive Officer, said, “For sixty-three years ANSER has enhanced national and homeland security by strengthening public institutions. We provide thought leadership for complex issues through independent analysis and we deliver practical, useful solutions. ANSER values collaboration, integrity, and initiative, and we are client focused in all that we do. Because we were established for the purpose of public service and not for profit, we measure our success in the impact of our service. With InTec, our combined client-focused culture and innovative approach enables us to deliver to a broadened client base.”

Bruce Donaldson, Founder and Chief Executive Officer of InTec, said, “It is great to see that the years of hard work to develop and mature a very innovative and high-performance approach to address client needs in the Intelligence Community and elsewhere continues with a great company like ANSER.”

About ANSER

ANSER is a public service research institute organized as a not-for-profit corporation dedicated to informing decisions that shape the nation’s future. We provide objective studies and analyses to the national security, homeland security, and public policy communities using a diverse set of skills and capabilities that include Analysis of Alternatives, Acquisition Analysis, Workforce Analysis, Performance Measurement, Policy Formulation, Counter Weapons of Mass Destruction and Risk Assessment. Additionally, ANSER builds and leads technology development collaborations through its subsidiary, Advanced Technology International (ATI), specializing in organizing and managing research and development consortia on behalf of the federal government. For more information visit: www.anser.org.

entegra systems

KippsDeSanto & Co. advises Entegra Systems Inc. on its sale to Acclaim Technical Services, LLC, a portfolio company of Blue Delta Capital Partners

KippsDeSanto & Co. advises Entegra Systems Inc. on its sale to Acclaim Technical Services, LLC, a portfolio company of Blue Delta Capital Partners

KippsDeSanto & Co. is pleased to announce the sale of its client, Entegra Systems Inc. (“Entegra” or the “Company”), to Acclaim Technical Services, LLC (“ATS”), a portfolio company of Blue Delta Capital Partners.

Headquartered in Hanover, MD, Entegra is a leading provider of vital mission support and technology development enabling strategic and tactical intelligence missions across the Intelligence Community (“IC”) and Department of Defense (“DoD”).  The Company serves as a key partner in advancing and responding to its customers’ critical requirements, helping its customers conduct informed operations, and providing end-to-end mission support and sustainment throughout the entire mission lifecycle.

Supported by a cadre of highly cleared and technical subject matter experts, the Company delivers high-end capabilities to strategic and tactical intelligence missions, including intelligence analysis, collection support, software development, and reverse engineering, to support a myriad of national security requirements around Human Intelligence (“HUMINT”), hardware exploitation, Signals Intelligence (“SIGINT”) and SIGINT discovery, Geospatial Intelligence (“GEOINT”), and defensive and offensive cybersecurity, further entrenching Entegra as a go-to partner within a well-funded and highly coveted customer set, positioning the Company for future growth.

The transaction furthers ATS’ strategic efforts to position ATS as a leading-edge technology provider within the broader IC.  Entegra gives ATS scale to pursue several transformational prime opportunities that will further allow ATS to address national security challenges.

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

  • Intelligence-driven, high-end mission support and cybersecurity capabilities remain key M&A priority areas for buyers
  • Significant demand for deeply embedded, long-standing intelligence and defense relationships aligned with favorable budgetary funding
  • Strong demand for highly cleared and technical talent with legacies supporting classified programs
  • Buyers and investors remain focused on building leading growth platforms through add-on acquisitions, seeking to unlock value, accelerate growth, and scale the delivery model

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 140 industry transactions since 2007, 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. 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

Reston-Based Acclaim Technical Services (ATS) Acquires Entegra Systems

ATS positions as a middle-market leader in operational, mission, and technology services across the Intelligence Community (IC)

RESTON, Va., Dec. 02, 2021 (GLOBE NEWSWIRE) — Acclaim Technical Services (ATS), an emerging leader in specialized operational support, language, and technology services to the national security mission, has acquired Entegra Systems, LLC, a Hanover, Maryland-based provider of cyber technology solutions in support of defense, intelligence and national security missions. This acquisition further enhances ATS’ strategic expansion into technology to support its clients’ objectives, building upon the acquisition of Global Consulting Services (2020) and Axis of Engineering (2019).

Entegra Systems Inc., established in 2005, is an innovative provider of mission-critical solutions and services to U.S. government defense and intelligence customers. The company develops integrated solutions for enhanced situational awareness, operational planning, intelligence and geospatial analysis, and cyber and intelligence operations. Entegra is also a leading provider of services related to SIGINT development, collection, and analysis; mission and collection management; and intelligence analysis. Entegra has offices in Maryland, Virginia, and Georgia.

“We are excited to join the ATS family. I was really happy that we found an acquiring company with such a strong cultural alignment to Entegra and I am sure our employees will continue to thrive. The Entegra leadership team looks forward to the new capabilities, particularly in language and cultural advisory services, that we can bring to bear on our clients’ missions as well,” said Dean Johnson, Entegra Chief Executive Officer (CEO).

Dave Cerne, ATS CEO, stated, “We could not be more thrilled with the addition of Entegra to our amazing team, including their cadre of talented senior leaders, technologists, and analysts. They bring a depth of new capabilities to solve our customers’ hardest problems, including cyber solutions, SIGINT analysis capabilities, and a trademarked Natural Language Understanding System that will benefit many of ATS’ existing clients, along with many other additional solutions and experiences. Together, we will have over 500 talented professionals supporting the most complex national security missions.”

KippsDeSanto & Co. and Miles & Stockbridge served as advisor and legal counsel, respectively, to Entegra. Holland & Knight served as counsel to ATS.

About ATS: Backed by venture capital firm Blue Delta Capital Partners, ATS is a rapidly growing middle-market Intelligence Community-focused company providing Intelligence, Operational, Technology, Training, and Language Services. Started in 2000, ATS became an Employee Stock Ownership Plan company in 2013 and has been recognized as a Washington Post Top Workplace the last eight years.