KippsDeSanto & Co. advises Creoal Consulting, LLC on its sale to SMX, a portfolio company of OceanSound Partners
KippsDeSanto & Co. is pleased to announce the sale of Creoal Consulting, LLC (“Creoal” or the “Company”) to SMX, a portfolio company of OceanSound Partners.
Headquartered in Washington, D.C., Creoal brings highly skilled technical staff members with deep expertise in Oracle enterprise applications, supporting a broad range of public sector and commercial clients. The Company’s solutions cover the full spectrum of digital transformation solutions to help clients move from legacy on-premise software to more flexible, secure, and scalable cloud-native fully integrated SaaS systems. Creoal adds to SMX valuable new federal civilian, commercial, and state/local government clients and expands its digital transformation solution offerings with Oracle Cloud.
The entire executive partner team will remain with SMX and operate as a horizontal division in SMX’s Digital Solutions Group under President Sandeep Dorawala. Creoal Partners Brian McCann, Tom Beck, and Doug Oakford affirmed why this is the right move for the Company. “Joining the SMX team ensures a great career trajectory for our employees, as both companies are aligned across markets, with complementary service capabilities with access to a broader range of innovative solutions for our clients, and the ability to better leverage SMX automation, and hybrid and multi-cloud solutions with an entirely new set of clients.”
We believe this transaction highlights several key trends in the M&A market:
- Digital transformation and cloud solutions focused on in-demand enterprise applications and technology platforms like Oracle continue to be highly coveted as government agencies and enterprises modernize their mission critical systems and migrate to the cloud
- Significant value attributed toward targets with leading market positions, deep subject matter expertise, highly differentiated tech-enabled solution offerings, vertical focus, entrenched customer relationships, and proven land and expand track records
- Buyers with explicit growth strategies, industry knowledge, and private equity backing continue to deploy capital and buy and build strategies to build scale and depth in high growth areas
About KippsDeSanto & Co. KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on 200 industry transactions since 2008, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
Securities and investment banking products and services are offered through KippsDeSanto & Co., a non-banking subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation. KippsDeSanto is a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.