Cherokee Federal Acquires Criterion Systems

Cherokee Nation Businesses (Cherokee Federal / Sovereign Capital) Acquires Majority Stake in Management Science & Innovation (MSI)

September 2, 2025

Government & Public Sector

Cherokee Nation Businesses, through its federal contracting division Cherokee Federal and growth vehicle Sovereign Capital, has acquired a majority stake in Management Science and Innovation, LLC (MSI), a Washington, D.C.-area consulting firm focused on federal agency transformation and digital modernization. The investment is part of Sovereign Capital’s strategy to provide growth capital and strategic support to founder-led companies serving the federal government and will help MSI scale its capabilities and reach.

FST Technical Services Acquires Criterion Labs

March 24, 2025

Industrial Services

FST Technical Services, a Phoenix/Chandler-based provider of testing, inspection, certification and commissioning services, has acquired Criterion Labs, Inc., a specialist in gas-line and laboratory testing. The acquisition expands FST's testing capabilities and geographic reach while strengthening its position serving semiconductor, technology and life-sciences customers.

Chenega Corporation Acquires SecuriGence LLC

June 7, 2024

Cybersecurity

Chenega Corporation, an Alaska Native government services contractor, has acquired SecuriGence LLC, a Washington, D.C. metro–based cybersecurity and systems engineering firm. The acquisition expands Chenega’s Military, Intelligence and Operations Support (MIOS) capabilities and adds technical cybersecurity, systems engineering, and cloud capabilities to support additional Defense and federal intelligence customers.

Accenture Federal Services Acquires Cognosante

April 24, 2024

IT Services

Accenture Federal Services has acquired Cognosante, a provider of digital transformation and cloud modernization services to U.S. federal health agencies. Cognosante, which has won more than $300 million in federal prime contracts over the last two years and counts the VA and CMS among its largest customers, will be merged into Accenture Federal Services; terms were not disclosed.

Criterion Systems Acquires SAGE Black Consulting and Contracting

September 28, 2021

Cybersecurity

Criterion Systems, Inc. has acquired SAGE Black Consulting and Contracting, LLC, a small government contractor specializing in software engineering for GEOINT/SIGINT, space, and cyber with growing AI/ML capabilities. SAGE Black will operate as a wholly-owned subsidiary within Criterion's Intelligence Solutions business unit to strengthen Criterion's software engineering, AI/ML, and intelligence-focused services for federal and intelligence community customers; financial terms were not disclosed.

Criterion Systems Acquires Protas Solutions Inc.

September 21, 2021

IT Services

Criterion Systems, Inc. has acquired Protas Solutions Inc., a government contractor that provides data science, software engineering, and management consulting services to the U.S. Intelligence Community. Protas will operate as a wholly owned subsidiary within Criterion's Intelligence Solutions business unit, with Protas leadership taking VP roles; terms were not disclosed and The McLean Group advised the seller.