Xcelerate Solutions (McNally Capital Portfolio) Merges with VMD Corp

McNally Capital and Nio Advisors Invest in Xcelerate Solutions

January 12, 2023

Aerospace & Defense

McNally Capital, alongside partner Nio Advisors, completed a platform investment in Xcelerate Solutions, a McLean, Virginia–based national security and defense advisory firm that provides enterprise security, digital transformation, and strategic consulting services. The transaction establishes Xcelerate as a platform for growth—with management remaining in place—and McNally plans to pursue M&A and capability expansion to support the company's target to grow to a $500M firm.

Xcelerate Solutions Acquires clearAvenue

October 7, 2025

IT Services

Xcelerate Solutions, a portfolio company of McNally Capital, has acquired clearAvenue, a Columbia, Maryland-based provider of software development, AI/ML, big data analytics and cloud services for federal agencies. The acquisition expands Xcelerate's technical capabilities and the combined business will operate as Xcelerate Solutions, with the combined organization representing roughly 1,500 technology professionals.

CMIT Solutions Acquires Velox Systems

February 12, 2025

IT Services

CMIT Solutions has acquired Velox Systems, a Central Oregon managed service provider, to expand its regional footprint in Oregon and add Velox's automation and CMMC cybersecurity expertise. Velox CEO Jordan Smith will remain with the business to ensure continuity for employees and clients as services and compliance capabilities are integrated into CMIT's national franchise network.

Navisite Acquires Velocity Technology Solutions

January 6, 2021

Cloud & SaaS

Navisite, backed by Madison Dearborn Partners, has acquired Velocity Technology Solutions, a global cloud managed service provider headquartered in Charlotte, North Carolina. The acquisition expands Navisite’s managed cloud and enterprise application (ERP) capabilities — adding Velocity’s VCAMP platform, ERP application expertise and broader public-cloud managed services to Navisite’s portfolio.

Agile Defense Acquires XOR Security

May 24, 2023

Cybersecurity

Reston-based Agile Defense, a portfolio company of Enlightenment Capital, has acquired XOR Security for an undisclosed sum. The acquisition adds XOR's federal-focused cybersecurity engineering, VSOC and DevSecOps capabilities to Agile Defense's suite of digital transformation and cyber services to better serve defense, intelligence and federal civilian customers.

CyberMaxx Acquires Cybersafe Solutions

March 20, 2025

Cybersecurity

CyberMaxx, a portfolio company of Periscope Equity, acquired Cybersafe Solutions to expand its managed detection and response (MDR) capabilities. Comvest Credit Partners provided a senior secured credit facility to CyberMaxx to support the refinancing and fund the strategic add-on acquisition of Cybersafe.