entegra systems

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

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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.

variq

KippsDeSanto & Co. Advises VariQ on its Sale to Capgemini Government Solutions LLC

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KippsDeSanto & Co. Advises VariQ on its Sale to Capgemini Government Solutions LLC

KippsDeSanto & Co. is pleased to announce its role in the successful sale of its client, VariQ Corporation (“VariQ” or the “Company”), to Capgemini Government Solutions LLC, an independent operating division of Capgemini SE (ENXTPA:CAP) working with U.S. government agencies.

VariQ was founded in 2003 and serves as a provider of Software Development, Cybersecurity, and Cloud services for federal government departments and agencies across the United States. These services are delivered through multiple contract vehicles, including the Alliant 2 best-in-class contract vehicle. Additionally, the company holds a digital transformation entity (Rivet Logic, acquired in 2020) which serves a set of commercial clients and would join forces with Capgemini in the U.S. to expand digital capabilities and key technology partners.

We believe this transaction highlights several key trends in the Government Technology Solutions (“GTS”) M&A market:

  • Continued M&A demand for prime, Full-and-Open Best-in-Class vehicles
  • Large public companies in the GTS market continue to supplement organic growth with strategic acquisitions of well positioned businesses with in-demand Next Gen IT capabilities
  • Foreign buyers remain selective, seeking targets with access to high profile and well-funded U.S. Federal 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 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

Capgemini signs agreement to acquire IT services provider VariQ, adding scalability and strengths to its Government Solutions capabilities in the U.S.

Acquisition adds scale and strengths to Capgemini’s Government Solutions capabilities in the U.S.

Paris, December 1, 2021 – Capgemini announced today, following the fulfillment of all regulatory requirements, the completion of the acquisition of VariQ. The provider of Software Development, Cybersecurity, and Cloud services for Federal government departments and agencies across the United States, will be integrated into Capgemini Government Solutions LLC, Capgemini’s independent operating division working with U.S. government agencies. This acquisition will strengthen the company’s position in the Federal market and build momentum for continued growth.

“Not only does the acquisition of VariQ augment our digital and agile capabilities but it also expands the set of industry-leading solutions that we are able to offer the US government agencies that we serve. It is a key part of our vision for growth in the Americas. I am delighted to welcome the VariQ team to the Capgemini Group,” said Jim Bailey, CEO of Capgemini’s Americas Strategic Business Unit and Group Executive Board Member.

VariQ’s range of services are delivered through multiple contract vehicles, including the Alliant 2 best-in-class contract vehicle. Additionally, the company holds a digital transformation entity (Rivet Logic) which serves a set of commercial clients and will join Capgemini in the U.S. to further expand its digital capabilities.

“The acquisition of VariQ marks an important moment for Capgemini Government Solutions,” said Doug Lane, CEO, Capgemini Government Solutions LLC. “The integration of its multi-disciplinary highly skilled team and expanded best in class contract vehicles will reinforce our ability to deliver on transformative digital initiatives for the agencies that we serve.”

“Joining Capgemini, with its international scale and breadth of services, will enable us to better meet the needs of our client agencies, with access to Capgemini’s extensive range of digital capabilities. It will also offer our people unrivalled career opportunities. We are really looking forward to our next chapter as part of the Group,” said Ben Edson, Founder & CEO of VariQ.

Capgemini previously announced the signature of the stock purchase agreement in September pending U.S applicable regulatory approvals at the time.

About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of 290,000 team members in nearly 50 countries. With its strong 50-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering, and platforms. The Group reported in 2020 global revenues of €16 billion.

About Capgemini Government Solutions LLC

Capgemini Government Solutions is committed to working with government clients to support them in their strategic, tactical and transformation initiatives. Capgemini helps organizations create sustainable value by employing innovative business process improvement strategies and applied solutions that utilize a unique method of engagement: the Collaborative Business Experience (CBE). By providing public and private sector experience, best practices, and proven tools and methodologies tailored for the U.S. government’s unique requirements, we help clients build knowledge and capabilities as we work together to drive transformation agendas. With a dedicated core team of professionals in Mclean, VA, Capgemini Government Solutions was formed in 2002 as an independent operating division of Capgemini to offer U.S. Government agencies deep transformation, consulting, and IT expertise.

geocent

KippsDeSanto & Co. Advises Geocent, LLC on its sale to Sev1Tech, LLC, a Portfolio Company of DFW Capital Partners and Enlightenment Capital

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KippsDeSanto & Co. Advises Geocent, LLC on its sale to Sev1Tech, LLC, a Portfolio Company of DFW Capital Partners and Enlightenment Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, Geocent, LLC (“Geocent” or the “Company”) to Sev1Tech, LLC (“Sev1Tech”), a portfolio Company of DFW Capital Partners and Enlightenment Capital.

Headquartered in Metairie, Louisiana, Geocent is a leader in digital modernization of systems and platforms for U.S. federal national security and space agencies.

The Company designs and implements innovative and transformative software and engineering solutions that incorporate Agile, DevSecOps, Cloud, and advanced data analytics to enhance customers’ business operations and mission agility and effectiveness while reducing risks and lowering costs.

Geocent supports critical national security objectives, including Anti-Terrorism/Force Protection; C4ISR, missile defense; space superiority; and risk, fraud, and abuse. To augment its capability offerings and promote differentiation, the Company develops proprietary tools and intellectual property (“IP”), primarily focused on DevSecOps and space superiority.

Geocent has been a critical partner to U.S. Citizenship and Immigration Services (“USCIS”) since 2015. The Company has developed a modernized, paperless enterprise system to replace the Fraud Detection and National Security (“FDNS”) directorate’s three legacy systems, incorporating the Company’s proprietary continuous integration / continuous development (“CI/CD”) software pipeline tool, Apios.

Geocent has provided systems modernization and C4ISR solutions to the Navy for over a decade. At the Marine Corps datacenter out of Naval Information Warfare Center (“NIWC”), Atlantic Geocent developed the Marine Corps Business Operations Support Systems (“MCBOSS”), which will serve as a software factory with DevSecOps capabilities. The Company is also on its second iteration of the $250 million Shore Platform vehicle providing C4ISR-related efforts to NIWC Pacific.

Since 2008, Geocent has played a key role in the Space Launch System and Artemis Program as a pivotal partner to NASA. Along with incorporating digital/complex engineering solutions into critical space Programs of Record, Geocent has also developed ACCRES for NASA. This thin yet durable material protects humans from the full spectrum of harmful galactic cosmic radiation. It is currently flying aboard the X-37 space plane mission and the International Space Station.

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

  • Desire for NextGen capabilities such as DevSecOps, Agile and Cloud that leverage proprietary tools and IP
  • Focus on franchise positions with well-funded Defense, Space and Homeland Security customers
  • Private Equity and private equity-backed buyers continue to actively pursue acquisitions that provide differentiated offerings and talented workforces

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

Sev1Tech Acquires Geocent, Bolstering Mission-Focused Services

October 26, 2021 

Combined IT modernization, C5ISR, DevSecOps, scientific engineering and AI will advance turnkey digital transformation offerings  

Woodbridge, Va. – Sev1Tech, LLC, a leading provider of IT modernization, cybersecurity, and cloud services to both federal and commercial customers, announced today that it completed the acquisition of Geocent, LLC. Geocent serves the U.S. federal government through its strong reputation as an innovator in DevSecOps and engineering services, supporting critical missions across agencies.

Both Sev1Tech and Geocent are familiar and valued partners to the government agencies and commercial organizations that have, through these shared core values and collaborations, transformed and streamlined to better serve citizens, more effectively compete in the marketplace and improve national security.

“With a mutual, customer-first, employee-centric culture and commitment to meaningful outcomes, this acquisition is a milestone in our growth journey. We’ve strategically aligned our customer bases and we’re incorporating in-demand offerings into our integrated services,” said Bob Lohfeld, Sev1Tech CEO. “Geocent’s leadership in DevSecOps and the scientific space domain dovetails with Sev1Tech’s growing influence in space modernization. Furthermore, this fortifies our common Department of Homeland Security presence. Our combined capabilities will amplify our missions, from the tactical edge to the enterprise to the end user.”

The acquisition strengthens scalability and solutions for meeting today’s emerging demands and the increasing sophistication of government IT needs. The partnership links deep experience serving federal clients and driving digital transformation—a valuable addition for existing and future contract opportunities.

“Together we’ll enhance the design, development and delivery of innovative solutions to support the mission of our federal customers by combining robust technologies, engineering and data integration services,” said Dr. Bobby Savoie, Geocent CEO. “Market-leading applications and development capabilities, cybersecurity, artificial intelligence and machine learning—these all sharpen our competitiveness, unleash new offerings and augment service delivery across our partner ecosystem.”

Sev1Tech backer DFW Capital agrees. “The combination of these management teams and the service synergies created will allow Sev1Tech to deliver even more complex solutions to an incredibly mission-driven customer base. We are proud of this team and our partnership that continues to accelerate Sev1Tech on its growth journey,” noted Doug Gilbert, a Partner at DFW Capital.  In addition, Enlightenment Capital is an investor in Sev1Tech, alongside DFW Capital.

About Sev1Tech

Sev1Tech provides IT modernization, cloud, cybersecurity, engineering, training and program support services to U.S. government agencies and major commercial organizations. Headquartered in the Washington D.C. metro area, Sev1Tech is a trusted contractor supporting critical missions across the defense, intelligence, homeland security, space, and health markets. Sev1Tech delivers excellence through highly qualified people, CMMI SVC 3, ISO 9001, ISO 20000, ISO 27001 and ISO 27017 certified processes, and cutting-edge technology.

To learn more, visit www.sev1tech.com.

cra

KippsDeSanto & Co. advises CRAssociates, Inc. on its sale to Valor Healthcare, a portfolio company of Trive Capital

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KippsDeSanto & Co. advises CRAssociates, Inc. on its sale to Valor Healthcare, a portfolio company of Trive Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, CRAssociates, Inc. (“CRA” or the “Company”) to Valor Healthcare (“Valor”), a portfolio company of Trive Capital.

Headquartered in Newington, Virginia, CRA is a leading operator of Community-Based Outpatient Clinics (“CBOCs”) for the Department of Veterans Affairs nationwide, providing the U.S. Veteran population with easy and convenient access to quality healthcare. These clinics provide outpatient services, including but not limited to routine diagnostic procedures, immunizations, behavioral healthcare, and health and wellness visits.  In addition, CRA manages an acclaimed occupational health program with multiple clinics spanning several states.

The transaction is expected to enhance Valor’s geographic reach and strengthen its position within existing core markets.

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

  • Enhanced interest in health-related markets given ongoing demographic and anticipated budget trends
  • Significant interest for companies with entrenched customer relationships and strong past performance qualifications
  • Private equity continues to aggressively deploy capital through its existing portfolio companies to supplement growth and accelerate to scale

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

October 5,2021

Valor Healthcare Acquires CRAssociates

 Dallas, Texas – Valor Healthcare, Inc. (“Valor” or the “Company”), a portfolio company of Trive Capital, is excited to announce its recent acquisition of CRAssociates, Inc. (“CRA”).  Founded in 1997 and headquartered in Springfield, VA, CRA is an outsourced provider of Community-Based Outpatient Clinics (“CBOC”) for Veteran Affairs Medical Centers. Key service offerings include design and development of mission critical healthcare facilities logistics and management of healthcare professionals to provide comprehensive, cost-effective healthcare services for government and corporate clients throughout the United States.

Dr. Scott Wise, CEO of Valor and a veteran himself stated, “Valor is a leader in the CBOC market, and we are excited about the addition of the CRA leaders and staff to join in our continued success and expansion. We share in our passion for the mission and look forward to continuing to enhance our healthcare service offerings for our federal government partners.”

“We would only embark on the transfer of our CRA family to the best leader in our industry as we believe there is no compromise on quality and doing what is right for our veterans,” commented Charlie “Chief” Robbins, COO, Senior Executive Vice President at CRAssociates, Inc.  “With their leadership and combined CRA leadership we now have here at CRA, Valor becomes a powerful leader postured for growth and success for the future across the U.S.”

Conner Searcy, Managing Partner at Trive, added, “We have been pleased with our partnership with the Valor management team and continue to be firm believers in the Company’s mission. The addition of CRA is the first step in expanding the Company’s reach in serving our nation’s veterans and brings additional capabilities in the occupational health and wellness space. The team is keen on continuing to provide high quality healthcare and ancillary services in our communities and serving federal government customers.”

Valor is actively seeking add-on opportunities in the federal agency contracted healthcare services industry, including but not limited to, medical or medical facility contracting, mental health and behavioral services, onsite healthcare and wellness for federal offices, government and medical staffing, and OCONUS opportunities within the healthcare and government contracting industries.

About Valor Healthcare, Inc.

Valor Healthcare Inc. will now operate more than 50 VA community-based outpatient clinics in the United States as a contractor for the US Department of Veteran Affairs. Valor provides a full range of medical services to veterans through the operation of CBOCs tailored to meet the specific needs of local VA medical centers. The company’s comprehensive set of services includes primary care, diagnostics, laboratory, telehealth, behavioral health, and occupational health and wellness.

About Trive Capital

Trive Capital is a Dallas, Texas based private equity firm with approximately $3.6 billion in assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.

AtlasResearch

KippsDeSanto & Co. Advises Atlas Research LLC on its sale to Customer Value Partners, LLC

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KippsDeSanto & Co. Advises Atlas Research LLC on its sale to Customer Value Partners, LLC

KippsDeSanto & Co. is pleased to announce the sale of Atlas Research LLC (“Atlas” or the “Company”) to Customer Value Partners, LLC (“CVP”).

Headquartered in Washington, D.C., Atlas provides evidence-based and innovative transformation solutions targeted at the most pressing, sizable, and complex health, healthcare, and social services challenges facing Federal agencies.  Through implementation of data-driven insights and analytics, Atlas helps drive improved organizational effectiveness and transformation campaigns by optimizing technology, operations, and programs across the full lifecycle of customer needs.

Since its founding in 2008, Atlas has built deep and longstanding relationships across the Federal health market due to its role as a trusted partner capable of repeatedly delivering successful large scale, highly-visible, complex transformations across diverse enterprise-wide and organizational transformation efforts.  Notably, the Company has established embedded relationships within the Department of Veterans Affairs (“VA”), the Department of Health and Human Services (“HHS”), and the Department of Defense (“DoD”), amongst others.

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

  • Favorable view of exposure to large, growing Federal health market given recent change in administration
  • Strong demand for access to the VA and HHS via major contract vehicles and BPAs (e.g., access to $1B VHA IHT IDIQ and $322M FDA BPA) as well as longstanding and embedded customer intimacy
  • Desire for bolstered capabilities in leading edge digital and transformation solutions and expertise
  • Continued emphasis on acquiring companies with deep personnel benches (highlighted by technical subject matter expertise, level of education, and requisite industry credentials)
  • Strategic buyers place high value on the ability to complement and expand capabilities portfolio to further establish customer footprint without compromising on cultural alignment

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

CVP Acquires Atlas Research, Broadens Healthcare Strategy, Consulting and Research Offerings

Fairfax, VA – August 24, 2021 – Customer Value Partners, Inc. (CVP), a business and technology consulting firm that helps organizations prepare for a culture of Continuous Change, announces today its acquisition of Atlas Research (Atlas), an award-winning firm that partners with federal health organizations to drive mission-critical innovation and transformation. Through this acquisition, CVP further realizes its goal of becoming a premier mid-tier comprehensive healthcare solutions and citizen services consulting and systems integration firm. CVP acquired Atlas because of its similar culture, values, and vision for the future as well as its exceptionally talented team.

With Atlas, CVP adds new capabilities spanning research and evaluation, organizational transformation and innovation, strategic communications, and human capital solutions; deep domain expertise in veterans and military health, pandemic planning and response, health equity, mental health, and rural health; and a marquee federal health customer base. This merger, done solely through the strength of CVP’s own resources, adds over 170 professionals with deep healthcare and consulting experience to the CVP family.

Atlas brings a franchise position at the US Department of Veterans Affairs, a client they have served since 2008. Atlas accelerates CVP’s growth through the addition of major new health clients, domain expertise, capabilities, and contract vehicles. The acquisition strengthens CVP’s strategic focus on federal health agencies by adding a strong portfolio in the VA and expanding our portfolio across HHS. It includes the Veterans Health Administration (VHA) Integrated Healthcare Transformation (IHT) contract—a 10-year, $1 billion indefinite delivery/ indefinite quantity (IDIQ). It opens up access to the FDA with the $322M ceiling Business Transformation Team (BTT) BPA and the $100M ceiling Integrated Solutions (IS) BPA. It also provides a new government-wide vehicle for CVP’s transformation and human capital offerings via GSA’s Human Capital and Training Solutions (HCaTS) BPA (UNR).

“CVP’s acquisition of Atlas is the realization of a shared vision for an industry-leading, comprehensive mid-tier healthcare technology and consulting firm primed for growth,” said Atlas Co-Founder and CEO Ryung Suh. “The marriage of our respective capabilities, experience, and mission-driven cultures will translate to added value for our clients and their efforts to improve the health and wellbeing of our fellow citizens.”

“CVP’s vision as a fully integrated healthcare solutions and citizen services firm relies on expanding from a technology-centric services innovator to an end-to-end advisory, research, technology, and managed services firm,” said Anirudh Kulkarni, CVP Founder and CEO. “Atlas’ experience as the trusted transformation partner of clients across the VA and HHS provide the advisory and consulting capabilities to accelerate CVP’s growth strategy.”

 About CVP

Customer Value Partners (CVP) is an award-winning business and next-gen technology consulting company that helps organizations navigate disruption and prepare for a culture of Continuous Change. We solve critical problems for healthcare, national security, and public sector clients through innovative strategies and solutions that leverage technologies and industry expertise in areas including Technology Modernization, Data Science & Engineering, Business Transformation, and Cybersecurity. CVP delivers unparalleled excellence to clients and employees through a strong culture of integrity, engagement, respect, and a passion for our clients’ missions.

Learn More

erpi

KippsDeSanto & Co. Advises ERPi on its sale to ECS a portfolio company of ASGN Incorporated

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KippsDeSanto & Co. advises Enterprise Resource Performance, Inc. on its sale to ECS Federal, LLC, a segment of ASGN Incorporated

KippsDeSanto & Co. is pleased to announce the sale of its client, Enterprise Resource Performance Inc. (“ERPi” or the “Company”), to ECS Federal, LLC, a segment of ASGN Incorporated (NYSE: ASGN).

Headquartered in Fairfax, VA, ERPi is a leading provider of healthcare transformation, management consulting, and data analytics solutions across well-funded civilian and defense customers, including the Department of Veterans Affairs (“VA”) and the National Institutes of Health (“NIH”), among others.  Of note, ERPI is deeply embedded within the Veterans Health Administration, helping to solve some of the nation’s most pressing healthcare problems, while designing, developing, and implementing innovative and data-driven solutions that have increased medical appointments, reduced wait times, assisted with suicide prevention, and supported the opening of medical centers.  Notably, the Company was instrumental during the COVID-19 pandemic, having implemented telehealth solutions and developed processes to address shortages in critical medical supplies.  Additionally, through its domain-agnostic and rapidly growing data analytics practice, the Company uses in-house artificial intelligence / machine learning (“AI / ML”)-based tools, algorithms, and automation techniques to, reconcile client data, recover and protect fraudulently redirected healthcare benefits, optimize claims processing, and allow clients to “search by image” through deep learning-based image recognition.  ERPi’s advanced tradecraft has positioned the Company as a trusted partner to government executives at the forefront of national healthcare missions on large, transformative programs.

The transaction complements ECS’ healthcare consulting and analytics competencies and affords the buyer depth and breadth across well-funded customers, including the VA, germane to national health challenges.

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

  • Healthcare –and specifically healthcare consulting and analytics – has re-emerged as a highly coveted growth and M&A area given demographic and budgetary trends
  • Strong focus on companies that have intimate, long-standing client relationships and strong competitive differentiators within the rapidly evolving federal healthcare ecosystem (e.g., electronic health record modernization, integrated health plans, and virtual health)
  • Significant demand for advanced, data-centric consulting solutions driven by AI / ML
  • Strategic buyers continue to seek acquisitions that unlock value and accelerate growth, particularly for assets that afford substantial revenue visibility, intellectual capital, and seasoned management teams

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

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

Press Release

ASGN Incorporated Announces Acquisition of Enterprise Resource Performance, Inc.

Acquisition enhances ECS’ healthcare IT solutions and provides access to new customers and contract vehicles

RICHMOND, Va.–(BUSINESS WIRE)– ASGN Incorporated (NYSE: ASGN), one of the foremost providers of IT and professional services in the technology, digital, and creative fields across the commercial and government sectors, announced today the acquisition of Enterprise Resource Performance, Inc. (ERPi), a premier healthcare consulting and data analytics firm that delivers federal healthcare transformation services. ERPi’s team of 250 consultants will become part of the Enterprise Solutions business unit within ECS, ASGN’s Federal Government Segment.

Founded in 2001 in Fairfax, Virginia, ERPi provides IT solutions, data analytics, artificial intelligence/machine learning (AI/ML), and healthcare domain expertise to government entities, including the Department of Veterans Affairs (VA), the National Institutes of Health (NIH), the Navy Bureau of Medicine and Surgery (BUMED), Indian Health Services (IHS), the Securities and Exchange Commission (SEC), and the US Army. ERPi supports key health initiatives including electronic health records modernization, post-COVID-19 care models, and improved access to provider and cost information, among other programs.

“Following one of the most difficult years for the global healthcare market, ASGN is proud to add enhanced solution capabilities in the healthcare industry with the addition of ERPi,” said Ted Hanson, ASGN President and Chief Executive Officer. “ERPi offers superior IT services depth and healthcare industry knowledge, and we look forward to leveraging their proven healthcare and business transformation capabilities across our combined client base.”

“The acquisition of ERPi deepens ECS’ capabilities across a number of exciting solution areas and provides key contract vehicles that will bolster our current healthcare industry offerings. We are thrilled to bring their team’s experience to new and existing customers across industry and government,” said George Wilson, President of ECS.

“Like ECS, ERPi has a long history of taking on their clients’ largest and most complex challenges, including federal departments like the VA. ECS is pleased to support human-centric missions – helping to accelerate meaningful and enduring transformation to improve the lives and medical care of our nation’s veterans and military families,” added John Heneghan, Chief Operating Officer of ECS.

“Joining ECS is an incredible next step for ERPi. Our customers will not only benefit from ECS’ deep enterprise resources and program-level experience, but also from their digital transformation, cybersecurity, data and AI solutions. We are thrilled to have this opportunity to join the ECS and the broader ASGN platform,” said Bill Hummel, President of ERPi.

Equity Grants

In addition to the cash consideration, ASGN is granting restricted stock unit awards to 14 ERPi employees covering approximately 29,000 shares. Subject to continued service to ASGN, these grants will vest: (a) one-half on the second anniversary of the grant date, and (b) 25 percent on each of the third and fourth anniversaries of the grant date. The restricted stock unit awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.

Legal & Financial Advisors

ASGN retained Sullivan & Cromwell LLP and ERPi retained Venable LLP and PilieroMazza PLLC as legal counsel and KippsDeSanto & Co. as financial advisor.

About ASGN Incorporated

ASGN Incorporated (NYSE: ASGN) is one of the foremost providers of IT services and professional solutions, including technology, creative, and digital, across the commercial and government sectors. ASGN helps leading corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions. ASGN’s mission is to be the most trusted partner for companies seeking highly skilled human capital and integrated solutions to fulfill their strategic and operational needs. For more information, visit us at asgn.com.

About ECS

ECS, ASGN’s Federal Government Segment, delivers advanced solutions in cloud, cybersecurity, data and artificial intelligence (AI), application and IT modernization, science, and engineering. The company solves critical, complex challenges for customers across the U.S. public sector, defense, intelligence, and commercial industries. ECS maintains partnerships with leading cloud, cybersecurity, and AI/ML providers and holds specialized certifications in their technologies. Headquartered in Fairfax, Virginia, ECS has more than 3,000 employees throughout the United States. For more information, visit ECStech.com.

Safe Harbor

Certain statements made in this news release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated financial and operating performance.

All statements in this release, other than those setting forth strictly historical information, are forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results might differ materially. In particular, we make no assurances that the estimates of revenues and Adjusted EBITDA will be achieved. Factors that could cause or contribute to such differences include actual demand for ASGN services, the Company’s ability to attract, train and retain qualified staffing consultants, the Company’s abilities to remain competitive in obtaining and retaining clients, the availability of qualified contract professionals, management of growth, continued performance and improvement of enterprise-wide information systems, the Company’s ability to manage litigation matters, the successful integration of recent or future acquisitions and demand for each of our services and other risks detailed from time to time in reports filed with the SEC, including ASGN’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on March 1, 2021. We specifically disclaim any intention or duty to update any forward-looking statements contained in this news release.

 

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KippsDeSanto & Co. advises Occam’s Razor Technologies, LLC on its sale to Avantus Federal, a NewSpring Holding Company

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KippsDeSanto & Co. advises Occam’s Razor Technologies, LLC on its sale to Avantus Federal, a NewSpring Holding Company

KippsDeSanto & Co. is pleased to announce the sale of its client, Occam’s Razor Technologies, LLC, (“ORT” or the “Company”), to Avantus Federal, LLC, (“Avantus”) a NewSpring Holding Company.

Headquartered in Reston, VA, ORT is a leading provider of cyber solutions focused on cyber tool development and assessment in support of classified Intelligence Community (“IC”) and Department of Defense (“DoD”) missions.  The Company provides the full lifecycle of cyber tools and products from development through deployment.

The ORT acquisition deepens Avantus’ position with national security customers and augments its cyber offerings. These capabilities and solutions will accelerate the combined entities position as an industry leader, providing these cyber solutions across a growth and broader set of Federal Government customers.

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

  • Strong demand for Company-developed intellectual property and advanced engineering and cyber solutions capabilities
  • Unique, franchise positions within key Federal customers at the forefront of priority government missions
  • Financial sponsors continued appetite to deploy capital through new platform investments and bolt-on acquisitions to existing portfolio companies, particularly for those assets with long-term contracts, strong management teams, and differentiated capabilities
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

Avantus Federal Announces Acquisition of Occam’s Razor Technologies, LLC 

McLean, VA – August 23, 2021 Avantus Federal, a NewSpring Holding Company and a leader in mission-focused, service-driven solutions, has acquired Occam’s Razor Technologies, LLC., a Reston, VA based leading provider of cyber solutions focused on cyber tool development and assessment in support of high-value Defense, Intelligence and National Security mission requirements. This acquisition further enhances Avantus’ cyber operations and solutions platform through differentiated technology and delivery capacity at scale, bringing an additional suite of capabilities to the company’s extensive base of federal government customers.

Occam’s Razor Technologies (“ORT”), founded in 2011, primarily supports the Intelligence and Defense communities and develops and delivers a robust portfolio of technologies, cyber tools, and integrated software solutions to some of the nation’s cutting-edge cyber challenges. The company has a proven ability to win large-scale, prime contracts leveraging its deep technical and subject matter expertise. Similar to the mission and values of Avantus, ORT’s business model excels by attracting, retaining and investing in world-class, highly cleared talent who thrive in partnering with clients to solve their toughest National Security challenges.

“For more than 10 years, Occam’s Razor Technologies has built a company committed to developing innovative solutions for its clients. We work with extreme focus to partner and merge with companies like ORT, who deliver innovation creatively to the Nation’s highest-impact missions,” said Andy Maner, Chief Executive Officer at Avantus. “ORT’s mix of elite cyber and software capabilities and its dedication to employee growth are just two of the many reasons this company is a great fit with Avantus’ capabilities and offerings and will fuel combined growth at our shared and new customers.”

Michael Nordfelt, founder and President of Occam’s Razor Technologies, added, “We are very excited to join forces with Avantus. We will continue to provide highly differentiated cyber and software offerings to our government clients and grow with the Avantus enterprise. Our organizations collectively focus on growth, mission-focused values, investing in employees and committing to diversity and inclusion. Tapping into both of our organizations’ expertise will allow us to empower our eminence and achieve mission success.”

ORT joins the Avantus Enterprise built on mission impact and technology enablement. Its cyber expertise and technologies will infuse new capabilities into Avantus’ growing capabilities and service offerings.

KippsDeSanto and Covington & Burling LLP served as advisor and legal counsel, respectively to Occam’s Razor Technologies. Blank Rome LLP served as counsel to Avantus.

About Avantus Federal

Avantus Federal, a NewSpring Holdings company, is a mission-focused services and solutions company headquartered in McLean, VA. Drawing upon its heritage companies’ histories of consistent growth and high performance in the federal services market, Avantus ensures eminence is earned, sustained and grown.

Avantus’ services and solutions are designed, tailored, and executed based on our long history of helping our Homeland Security, Defense, Intelligence, and Federal Civilian customers solve complex challenges. Visit Avantus Federal at www.avantusfederal.com.

About NewSpring Holdings

NewSpring Holdings, the dedicated, diversified holding company within NewSpring with a strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $2.0 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.

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KippsDeSanto & Co. Advises LeapPoint on its sale to Renovus Capital Partners

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KippsDeSanto & Co. Advises LeapPoint on its sale to Renovus Capital Partners

KippsDeSanto & Co. is pleased to announce the sale of its client, LeapPoint (“LeapPoint” or the “Company”), to Renovus Capital Partners (“Renovus”).

Headquartered in Reston, VA, LeapPoint is a leading digital consulting firm that delivers cloud application solutions to drive enterprise change and unlock tangible and quantifiable value for its customers to satisfy the increasing demand for integrating cloud applications in the marketplace.  The Company’s customers include Fortune 500 and blue-chip commercial customers across the finance, healthcare, and consumer goods verticals as well as select government agencies.

Leveraging intimate understanding of complex system interoperability and symbiotic partnerships with innovative technology firms, LeapPoint helps customers develop and implement formalized roadmaps to optimize enterprise efficiency and eliminate challenges associated with siloed functional areas (e.g., IT, marketing, finance, and HR) operating on myriad systems.

LeapPoint’s partnership with Renovus will enable the Company to fuel its end-to-end connected work approach for various technology implementations to become a leading provider for consolidating and connecting cloud applications across the enterprise.

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

  • Significant market demand for highly-skilled employees and in-demand capabilities focused on technology and integrating cloud applications
  • Continued demand for innovative companies that are poised to capitalize on key market growth drivers (i.e., digital acceleration, marketing technology rationalization, and hyper-personalization at scale)
  • Private equity continues its appetite to deploy capital through new platform investments, particularly for companies with strong management teams / highly-skilled employees and differentiated technological capabilities in growing markets

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

Renovus Capital Partners Announces Strategic Acquisition of Leading Digital Consulting Firm, LeapPoint

RESTON, Va. and WAYNE, Pa., July 21, 2021 /PRNewswire/ — Renovus Capital Partners (“Renovus”), a Philadelphia-area private equity firm, announced today that it has acquired LeapPoint, LLC (“LeapPoint”), the industry-leading digital consulting firm specializing in connecting work, technology, and talent to drive unparalleled business experiences and outcomes.

Recognized by Forbes and Vault as a top consulting firm four years in a row, the acquisition follows a period of record-setting growth for LeapPoint as it continues to drive digital transformation for some of the world’s largest companies. As both an Adobe Gold partner and Workfront partner of the year, Adobe’s acquisition of Workfront maximized LeapPoint’s ability to deliver deeper and broader solutions to clients across finance, healthcare, and retail.

“During and post COVID, the importance of connected digital solutions to improve customer and employee experiences is greater than ever,” said Jesse Serventi, Founding Partner at Renovus. “LeapPoint’s innovative approach to connected digital experiences is transforming the biggest companies in the world. Under our partnership, we plan to help LeapPoint scale even faster to a larger set of enterprise clients.”

“This is an exciting and pivotal time for LeapPoint employees, clients and the customers they serve,” said LeapPoint CEO Nicholas DeBenedetto. “Renovus shares our people-first mindset and we are excited to work with them to bring rocket fuel to our end-to-end Connected Work breadth of services for Adobe, Adobe Workfront and other technology implementations. Together, we align to create a driving force and disruptor in the marketplace.”

LeapPoint’s multidisciplinary team of consultants consists of former industry practitioners across vertical markets committed to delivering a human-centered approach to unlocking how people and systems come together. The LeapPoint executive leadership team will remain unchanged and CEO Nicholas DeBenedetto will hold a seat on the Board of Directors.

KippsDeSanto & Co. served as the sell-side advisor to LeapPoint. DLA Piper served as legal counsel and Cherry Bekaert as accounting advisor to Renovus.

About LeapPoint

LeapPoint Consulting is changing the way companies connect work, technology, and talent to solve big business challenges and drive successful outcomes. Established by Big 4 alumni who sought more flexibility and agility in meeting clients’ most critical business needs, LeapPoint is committed to making life and experiences fundamentally better for employees, customers and those they serve. As the go-to Adobe and Adobe Workfront partner in financial services, healthcare and retail, LeapPoint’s break-through Connected Work™ services are the essential framework for the Future of Work. For more information, visit www.leappoint.com. To learn more about LeapPoint and its Connected Work services, download LeapPoint’s Connected Work ebook.

About Renovus

Founded in 2010, Renovus Capital Partners is a private equity firm specializing in the Knowledge and Talent industries. Renovus, based in the Philadelphia area, manages $1 Billion across several investment vehicles. The firm’s current portfolio includes over 20 U.S. based businesses specializing in educational technology and content, higher education, corporate learning and development, healthcare services and technology services. Renovus typically partners with founder led businesses, leveraging its industry expertise and access to debt and equity capital to make operational improvements, pursue tuck-in acquisitions and oversee strategic growth initiatives. More information can be found at www.renovuscapital.com

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KippsDeSanto & Co. Advises Whitney, Bradley & Brown, Inc., A portfolio company of H.I.G. Capital, on its Sale to Serco

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KippsDeSanto & Co. Advises Whitney, Bradley & Brown, Inc., a portfolio company of H.I.G. Capital, on its Sale to Serco

KippsDeSanto & Co. is pleased to announce the sale of Whitney, Bradley & Brown, Inc. (“WBB” or the “Company”), a portfolio company of H.I.G. Capital, to Serco Inc.

Founded in 1981, WBB is a premier provider of next generation, mission-enabling capabilities for the Department of Defense, Federal Civilian and healthcare customers. WBB has a long history of modernizing, transforming, and sustaining major mission-centric platforms, programs, and organizations through data-driven knowledge-based solutions.

WBB has an entrenched position on numerous programs of record where it partners with clients to strategize, implement, and deliver a wide range of mission-oriented competencies from program and mission management to capabilities development and advanced analytics and machine learning.  Over a thousand employees, many of whom are highly certified, cleared, and technically experienced, deliver a differentiated offering combining deep subject matter expertise, full-lifecycle capabilities, and advanced analytics to drive innovation and national superiority across multi-operational domains.

We believe this acquisition demonstrates several key trends in the defense and government technology M&A environment:

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

 About KippsDeSanto & Co.

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

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

Press Release

H.I.G. Announces the Sale of WBB

MIAMI – April 26, 2021 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, announced today the sale of its portfolio company, Whitney, Bradley & Brown, Inc. (“WBB” or the “Company”), to Serco Inc. (“Serco”) for $295 million.

WBB transforms, modernizes, and sustains major mission-centric defense and intelligence platforms that are critical to maintaining national security superiority. Through data-driven, knowledge-based solutions, WBB provides program management, advanced engineering and analytical support to the U.S. Department of Defense and other federal agencies.

H.I.G. acquired WBB in October 2017 as part of the firm’s government services investment initiative. During H.I.G.’s ownership, H.I.G. invested alongside management in organic growth initiatives and completed two strategic and transformative acquisitions. These investments created new capabilities and provided access to new customers, markets and contract vehicles that enhanced growth, doubled revenue and tripled EBITDA during H.I.G.’s ownership.

Robert Olsen, WBB’s CEO, said, “We appreciate H.I.G.’s strategic guidance and commitment to the WBB platform over the last three years. They were a truly value-added partner and as a result of their involvement, WBB is better positioned to capitalize on the exciting growth opportunities ahead. We look forward to this next chapter working with Serco as we continue to serve as an integral partner to the Department of Defense and other federal agencies.”

Jeff Zanarini, Managing Director at H.I.G. Capital, commented, “It has been a pleasure working with Robert Olsen and the entire WBB team. The success of this transaction for WBB management, H.I.G., and its investors is a direct result of a near-perfect execution on the growth plan we devised together from the onset of our relationship. We expect WBB to continue setting new standards of excellence for our nation’s most critical priorities, working with the newly-expanded Serco leadership team.”

About WBB

WBB transforms, modernizes, and sustains major mission-centric defense and intelligence platforms that are critical to maintaining our nation’s defense and national security superiority. Through data-driven, knowledge-based solutions, WBB provides program management and consulting services to the U.S. Department of Defense and other federal agencies.

WBB has supported the federal government for almost four decades on mission critical programs and has developed deep domain expertise within critical capabilities including systems engineering, lifecycle logistics, cybersecurity, data analytics and machine learning to deliver innovative solutions to complex problems for the U.S. Department of Defense and other federal agencies.

WBB’s highly-specialized and experienced workforce provides services across the full lifecycle from program development to ongoing support and mission performance. The company has approximately 1,000 employees, the majority of which are veterans and greater than 75% possess security clearances. Headquartered in Reston, Virginia, WBB is an ISO 9001-registered company operating at over a dozen strategically-located facilities across the United States and abroad. For more information, please visit https://wbbinc.com/ .

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with $44 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

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

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

* Based on total capital commitments managed by H.I.G. Capital and affiliates.