Government & Public Sector Acquisitions in 2022

Allwyn AG has agreed to acquire the Camelot Lottery Solutions Group from the Ontario Teachers' Pension Plan Board. The Camelot LS Group, headquartered in Chicago and operator of the Illinois Lottery (through Camelot Illinois LLC) with a technology arm serving lotteries across Europe and North America, will become a wholly owned subsidiary of Allwyn as part of Allwyn's US expansion plans.

Volaris Group has acquired CaseLoad, a Toronto-based provider of customizable case management software for government boards, tribunals, and commissions. CaseLoad will join Volaris's equivant justice and legal technology community as an add-on to expand Volaris' capabilities in the public-sector case management market.

Bernhard Capital Partners has established a Department of Energy (DOE) services platform through the acquisitions of Boston Government Services, LLC (BGS), an Oak Ridge-based engineering, technology and cybersecurity firm, and Sterling Engineering & Consulting Group, LLC (SE&C), a Richland-based provider of executive, project management and technical consulting services focused on the DOE complex. Financial terms were not disclosed; both businesses will remain led by their existing management teams while joining Bernhard Capital's national DOE-focused platform to expand capabilities and client coverage across DOE programs and related government/commercial markets.

OMNIA Partners, Public Sector acquired the National Cooperative Purchasing Alliance (NCPA), a Houston-based government purchasing cooperative. The deal expands OMNIA Partners’ public-sector contract portfolio and extends its reach into state and local government, K-12 and higher education procurement.

Avenu Insights & Analytics has acquired LTAS Technologies Inc. (doing business as Harmari), a Toronto-based provider of short-term rental identification, monitoring and compliance SaaS for government customers. The acquisition (an add-on to Avenu, which is PE-backed by Mill Point Capital) integrates Harmari's monitoring and machine-learning technology with Avenu's administration and revenue recovery solutions to deliver an end-to-end compliance platform for local, state/provincial and federal governments.

FalconTek, a Service-Disabled Veteran-Owned Small Business federal contractor headquartered in Herndon, Virginia, has acquired Core Mission Solutions LLC (CMS), a language and intelligence analysis provider based in Ashburn, Virginia. The acquisition brings CMS' cleared language, cultural advisory, intelligence analysis, and training capabilities into FalconTek to expand its support for the Department of Defense, intelligence community, and federal law enforcement customers.

Granicus, a Denver-based provider of cloud-delivered GovTech solutions, has acquired Rock Solid Technologies, a citizen-engagement SaaS provider with offices in San Juan, Puerto Rico and Dallas, Texas. The deal—completed in October 2022 with Strattam Capital selling Rock Solid—expands Granicus' meeting, 311 service request, and citizen engagement capabilities and broadens its footprint in Puerto Rico and Latin America.

Events DC will assume the programs and staff of Cultural Tourism DC (CTDC) as CTDC winds down operations, with all existing CTDC staff joining Events DC and CTDC’s signature events (including Passport DC and PorchFest) moving into Events DC’s Community Engagement department. The move is intended to preserve CTDC’s cultural programming and ensure continuity of services as longtime CTDC Executive Director Steve Shulman retires.

Bureau Veritas has acquired a majority stake in C.A.P. Government, Inc. (CAP), a South Florida-based provider of building department services with more than 250 professionals and approximately €25 million in 2021 revenue. The acquisition strengthens Bureau Veritas' Asset Lifecycle capabilities in the Buildings & Infrastructure market and will see CAP continue to operate from its Coral Gables headquarters under CEO Carlos A. Penin.

Serco Group Plc has acquired ORS Group, a Zurich-based provider of immigration and refugee services operating across the DACH region and Italy, from funds advised by Equistone Partners Europe. The acquisition brings ORS’s >2,000 employees and government-facing migration capabilities into Serco’s international public services portfolio to strengthen its migration and asylum services in Europe.

A consortium of investment firms—Declaration Partners (anchored by the family office of David M. Rubenstein), Capitol Meridian Partners, and 22C Capital—agreed to purchase LMI’s for‑profit subsidiary, which will retain the LMI name. The transaction, advised by KippsDeSanto & Co. and Macquarie, is expected to close in Q3 2022 and aims to accelerate LMI’s evolution into a digital‑focused, tech‑enabled government solutions provider.

Align Capital Partners completed a recapitalization of Schneider Geospatial, a Indianapolis-based GovTech SaaS provider of geospatial and public access land management software. The Schneider family retains an ownership interest while ACP provides growth capital to accelerate product and service expansion and scale the company's GovTech offerings.

GovExec acquired CJIS GROUP, a long-standing provider of RFP and procurement data for the state and local market, with financial support from private equity firm Growth Catalyst Partners. GovExec will integrate CJIS GROUP’s procurement data into The Atlas' MarketEdge platform to strengthen its pre-RFP intelligence and sales/marketing offerings for the state and local government sector.

Gauge Capital has partnered with the founders and management of Spatial Data Logic in a recapitalization to support product development and sales & marketing growth. Spatial Data Logic, a Somerset, New Jersey-based provider of permitting, licensing, code enforcement and workflow automation software for municipalities, will use the investment to expand its cloud SDL Connect platform and accelerate growth.

Westat acquired Insight Policy Research effective June 15, 2022; Insight will operate as a wholly owned subsidiary branded as "Westat Insight" during an 18–24 month transition before full integration. The deal expands Westat’s capabilities in health, education and social policy research by adding Insight’s evaluation, survey research and methodological expertise.

CivicPlus has agreed to acquire Optimere, the combined business behind ArchiveSocial, Monsido, and NextRequest, to integrate digital compliance, accessibility, and records-management capabilities into its Civic Experience Platform. Insight Partners will support the transaction with additional equity and certain Optimere shareholders (including Level Equity) will become investors in CivicPlus; Optimere serves over 6,000 customers and had crossed roughly $30M ARR prior to the deal.

DC Capital Partners Management, LP made a controlling investment in Valkyrie Enterprises, LLC and will merge existing portfolio company Hill Technical Solutions (HTS) into Valkyrie. The combination expands Valkyrie's engineering, modeling & simulation, C5I, maritime modernization, and sustainment capabilities to better serve DoD and allied customers and to support future organic and inorganic growth.

Global investment firm Carlyle agreed to acquire ManTech International Corporation in an all-cash transaction valuing the company at approximately $4.2 billion. ManTech shareholders will receive $96.00 per share; Carlyle said the deal will allow it to accelerate growth, innovation and expanded support for ManTech's federal government and national security customers.

St. Cloud Capital made a growth capital investment in Sentinel Offender Services to support Sentinel’s acquisition of Omnilink Systems, a division of Sierra Wireless. The deal brings Omnilink’s OM500 GPS electronic monitoring technology into Sentinel’s product suite and DNA software platform to expand Sentinel’s capabilities and scale in the electronic monitoring market for government and corrections customers.

PCS-Mosaic Holdings acquired four intelligence-focused companies (OSI LLC, Agency Consulting Group LLC, Kimmich Software Solutions LLC, and ExaTech Solutions LLC) from ASRC Federal and consolidated them into a new Athenix business unit based in Columbia, Maryland. The move expands PCS-Mosaic’s intelligence community, SIGINT and cyber capabilities and creates scale across its portfolio to pursue additional defense and intelligence contracts.

cBEYONData LLC has completed the acquisition of Alta Via Consulting, a specialist ERP and SAP-focused consulting firm serving federal agencies. The deal expands cBEYONData's ERP, financial management and data analytics capabilities for the federal market and creates a combined organization of over 240 employees; Alta Via's senior leadership will remain with the business. cBEYONData is a portfolio company of Bluestone Investment Partners.

Anser Advisory’s federal subsidiary, Markon Solutions, has acquired IntegrateIT, a small government IT services firm based in northern Virginia that supports the intelligence community. The add-on expands Markon/Anser’s federal enterprise IT capabilities, deepens client and partner relationships, and brings IntegrateIT personnel and expertise into the Markon federal division (a portfolio company of Sterling Investment Partners).

Enlightenment Capital-backed Aeyon has acquired Manufacturing Technical Solutions (MTS) and Marick Group to expand its automation, analytics, robotic process automation (RPA) and human capital management capabilities in the federal market. Aeyon — formed by the merger of Artlin Consulting and Sehlke Consulting — now has roughly 650 employees and strengthened its presence in Huntsville, Alabama and federal civilian and defense markets.

Amentum has completed its all-cash acquisition of PAE Incorporated for approximately $1.9 billion (including assumed debt and fees), combining the two government services contractors to create a more diversified provider with over $9 billion of combined revenue. The deal expands Amentum's capabilities in intelligence, cyber, synthetic training, sensor-based technologies, space operations, environmental solutions, and mission support, and brings PAE's ~20,000 employees into Amentum's organization.

Farragut Capital Partners provided subordinated debt and equity to support a majority recapitalization of Atlas Executive Consulting alongside Ignite Labs, LLC and existing management, with LiveOak Bank providing a line of credit. Atlas — a digital consulting firm focused on analytics, data science and program support for the U.S. national security sector — will be the first portfolio company of the newly formed Ignite Digital Services platform.

Tyler Technologies has acquired US eDirect, a provider of cloud-based reservation and transaction management software for outdoor recreation. The acquisition will integrate US eDirect's Recreation Dynamics platform into Tyler's NIC payments and Data & Insights offerings to expand Tyler's outdoor recreation and government payments capabilities.

Juvare, a provider of critical incident preparedness and response software, acquired homeland security and emergency management consulting and technology firm Nusura, LLC. The acquisition expands Juvare's simulation, training and emergency management capabilities to better serve federal, defense, and other government emergency-management partners.

Tyto Athene, a portfolio company of Arlington Capital Partners, has completed the acquisition of Qbase LLC, a provider of network modernization and IT digital transformation services for the Department of Defense and national security customers. The deal expands Tyto Athene's network modernization, cybersecurity and analytics capabilities and adds incremental contract vehicles and customer relationships across the DoD and federal national security community.

Renovus Capital Partners has made a significant growth capital investment in Deep Water Point (DWP), an Annapolis, Maryland-based strategic advisory firm serving the Federal marketplace. The investment will support DWP's expansion into new services, talent recruitment, and strategic acquisitions to accelerate growth; 7 Mile Advisors served as sell-side advisor.

NEOGOV has acquired PlanIt Schedule, Agency360 and CueHit and integrated their products and teams into its PowerDMS public safety workforce platform. The acquisitions expand NEOGOV's capabilities across scheduling, field training/onboarding, and citizen engagement to better recruit, train, equip and protect first responders; terms were not disclosed.