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.
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.
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.