Government & Public Sector Acquisitions in Virginia

Systems Planning & Analysis (SPA), a portfolio company of Arlington Capital Partners, has acquired Group W, a Vienna, Virginia–based data science and defense analytics firm focused on modeling, simulation, and wargaming for the Department of Defense. The deal expands SPA's mission-critical modeling and simulation capabilities across system, mission, and campaign levels and integrates Group W's advanced analytical and wargaming expertise into SPA's national security offerings.

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.

PartnerOne has acquired Monster Government Solutions (MonsterGov), a provider of federal talent acquisition and workforce development technology, from CareerBuilder + Monster as part of the company's Chapter 11 sale process. The acquisition will allow MonsterGov to operate with dedicated leadership and increased investment to accelerate innovation and deepen its public sector workforce solutions.

Falfurrias Management Partners (via capital from Falfurrias Capital Partners V) has made a growth investment in Oddball, a digital services agency that modernizes how government organizations interact with constituents. The existing Oddball management team will remain in place and Falfurrias advisor Marybeth Wootton will join Oddball's board to support the company's next stage of growth.

Agile Defense, a PE-backed government technology provider, has acquired IntelliBridge, a digital transformation and mission-focused technology firm supporting defense, homeland security, and federal civilian customers. Both companies are backed by Enlightenment Capital; the combination expands Agile Defense’s capabilities in data analytics, cyber, and AI and doubles the organization to more than 2,000 employees, while Agile Defense also announced a strategic partnership with Second Front Systems to accelerate AI-enabled DevSecOps delivery.

Cydecor, an award-winning veteran-owned national security technology firm, has acquired Artel LLC, a Herndon-based provider of satellite and terrestrial mission-critical communications, IT and cybersecurity services, from TPG. The acquisition expands Cydecor's technical capabilities — including global SATCOM, terrestrial connectivity and a 24/7 NOC — to better serve U.S. national security and defense customers.

Renovus Capital Partners has acquired QualX Corporation, a Springfield, Virginia-based provider of records and information management, digital transformation, and business process improvement services to U.S. federal agencies. Renovus will support QualX in investing in technology, expanding the team, pursuing strategic acquisitions, and extending the company's federal footprint. Financial terms were not disclosed.

Funds affiliated with Madison Dearborn Partners (MDP) have made a strategic growth investment in Harmonia Holdings Group to accelerate the company's expansion as a digital transformation provider to the U.S. Federal Government. As part of the transaction, industry veteran Damon Griggs joins Harmonia as CEO and Chairman and Jon Brooks joins as Chief Business and Legal Officer; Harmonia's founders retain significant ownership. Financial terms were not disclosed.

Markon, a Sterling Investment Partners-backed federal government consulting firm, has acquired the ASEC family of companies (ASEC) to expand its capabilities across the Intelligence Community and Department of Defense. ASEC will operate as an independent subsidiary until integration in 2025, and the deal reinforces Markon’s expertise in systems engineering, program and financial management, cybersecurity, and software development.

Edgesource Corporation, a national security-focused small business headquartered in Alexandria, Virginia, has acquired Newbrook Solutions, Inc., a Chantilly, Virginia-based provider of mission system software development and management consulting services for the Intelligence Community and Department of Defense. Newbrook will operate as a wholly owned subsidiary, expanding Edgesource's capabilities in software engineering, systems engineering/SETA, service management, and other mission-focused offerings.

Systems Planning & Analysis (SPA), an Arlington Capital Partners portfolio company, has acquired ManTech’s DARPA, OSD SCO and select NRO technical advisory services programs. The transaction transfers over 180 subject matter experts into SPA’s JOID and S&ID divisions, expanding SPA’s capabilities across the Department of Defense and the Intelligence Community; financial terms were not disclosed.

Godspeed Capital’s intelligence platform Crimson Phoenix has acquired Cyberspace Solutions LLC (CSS), adding prime contracts and long-standing customer relationships with U.S. Special Operations Command and the Defense Intelligence Agency. The deal integrates CSS’ cleared workforce into Crimson Phoenix and names industry finance executive Scott Crane as platform CFO to support continued growth of the PE-backed intelligence solutions platform.

Dexis Consulting Group, a ~500-person Washington, D.C.-area professional services firm supporting U.S. foreign assistance programs, has partnered with CM Equity Partners for a growth capital investment to scale its federal civilian business. Dexis' management team and board remain in place; the capital will support expansion of social impact work across additional federal agencies including disaster recovery, public health, climate, and AI-enabled citizen services.

Precise Systems, a Bluestone Investment Partners-backed government services platform, has acquired Excet, Inc., a Springfield, Virginia-based provider of physical sciences research and engineering services to the U.S. Department of Defense. The deal, which closed on November 10, 2023, expands Precise’s capabilities in CBRNE, biotechnology, chemistry and related physical-sciences support for Army and Navy customers and represents Precise’s first acquisition since Bluestone’s investment earlier in 2023.

Arlington Capital Partners has acquired Avenu Insights & Analytics, a provider of revenue enhancement, payment and administrative software and services for state and local governments, from Mill Point Capital. The company, headquartered in Centreville, Virginia, employs over 600 people and will continue to be led by CEO Paul Colangelo as Arlington looks to invest in product expansion and inorganic growth.

ARETUM, a Renovus Capital Partners-backed government contracting platform based in Bethesda, Maryland, has acquired Artemis Consulting, Inc., a McLean, Virginia-based prime contractor that provides IT and management services to federal agencies. The acquisition is an add-on to expand ARETUM's cloud enablement, agile/DevOps, and legacy modernization capabilities for Department of Defense, Department of Homeland Security and other federal clients.

NewSpring Holdings, the majority investment strategy of private equity firm NewSpring, has acquired Bridge Core, a provider of visual intelligence, cybersecurity, and technical solutions to the U.S. intelligence community. NewSpring intends to use Bridge Core as the foundation of a buy-and-build platform, supporting disciplined M&A and organic growth to create a full‑spectrum, technology‑enabled intelligence company.

Broadtree Partners, a Charlotte-based middle-market private equity firm focused on government contracting, has acquired Joint Research and Development (JRAD). JRAD will join Broadtree's GovCon platform alongside Sayres Defense, with Tim Reardon (CEO of Sayres Defense) leading the combined businesses and JRAD COO Terri Hague becoming President of JRAD.

GovExec, the market-leading sales and marketing intelligence company for government leaders and contractors, has acquired The Advanced Technology Academic Research Center (ATARC). The transaction was completed with financial support from Growth Catalyst Partners (GCP); ATARC will remain an independent division led by Tom Suder and will leverage GovExec's data (including GovTribe intent data) to expand into additional government markets, including state, local, and defense.

Renovus Capital Partners announced the formation of Aretum, LLC — a new government services platform — and Aretum has acquired Arlington, VA-based Miracle Systems, LLC. Miracle joins Renovus portfolio company Panum Telecom within Aretum to create a larger mid-tier provider of management consulting, mission support and technology solutions to DoD, DHS and federal civilian agencies.

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.

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.

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.

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.

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.

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).

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.

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.

Analytic Services Inc (ANSER), a Falls Church, Virginia-based public service research institute, has acquired Fairfax-based InTec, LLC, a provider of technical and management expertise to federal Intelligence, Civil and Defense agencies. The acquisition expands ANSER's systems engineering, integration, intelligence operations, and program management capabilities in national and homeland security.

Guidehouse, a Veritas Capital portfolio company, has acquired Dovel Technologies from Macquarie Capital. The add-on expands Guidehouse's technology and advanced analytics capabilities in health IT, life sciences, public safety and grants management, and brings roughly 1,800–1,900 employees into the combined firm.

Arlington Capital Partners (through an affiliate) agreed to acquire Systems Planning & Analysis, Inc. (SPA) from CM Equity Partners and SPA management and will combine SPA with Arlington’s existing portfolio company MCR, LLC. The combination creates a specialized government advisory platform with more than 1,200 employees, approximately $350 million in revenue, and expanded systems engineering, modeling & simulation, and advanced analytics capabilities for national security customers.

Enlightenment Capital-backed Artlin Consulting merged with Sehlke Consulting to form Aeyon, a new platform focused on RPA, AI, data analytics and management consulting for federal customers. The combined company (Aeyon) becomes a portfolio company of Enlightenment Capital and will provide financial management, logistics and acquisition support to national security and civilian agencies.

Valiant Integrated Services completed the acquisition of Alliance Technical Services (ATS), a Norfolk-based provider of third-party logistics, launch site modernization, and refurbishment services for U.S. government customers. The deal strengthens Valiant’s logistics, missile launch refurbishment and warehouse management capabilities and expands its presence in adjacent government services markets; financial terms were not disclosed.

Integrity Management Consulting, a Tysons, Virginia-based federal consulting firm, has acquired MHM Innovations of Fairfax, Virginia, a small provider of systems engineering and program management services to the federal intelligence community. The acquisition expands Integrity's capabilities in systems engineering, data management and cybersecurity and gives it additional contract vehicles to pursue larger, multi-disciplinary national security and defense contracts.

An affiliate of Veritas Capital has completed the all-cash acquisition of Perspecta Inc. for $7.1 billion, with Perspecta stockholders receiving $29.35 per share. Perspecta will be combined with Peraton (a Veritas portfolio company) to create a leading government technology and mission-capability integrator serving defense, intelligence, civilian and health markets.

Enlightenment Capital has made an undisclosed growth investment in Vienna, Virginia-based Artlin Consulting through its Small Business Investment Company (SBIC) fund to support the company's next phase of growth. Artlin — a data management and professional services provider to Defense and civilian agencies and an incumbent on Washington Headquarters Services contracts — will use the capital at least in part to pursue acquisitions.

VTG has acquired Intelligent Shift LLC, a digital solutions and engineering firm serving the U.S. Intelligence Community, to bolster VTG's systems, software, and digital engineering capabilities. Intelligent Shift, founded in 2017, will continue to be led by its founders and will operate as the Intelligence Community services component of a new VTG business segment, expanding VTG's presence in the national security market.

Chantilly-based System High Corp. has acquired Booz Allen Hamilton Corp.'s Technical, Engineering, Advisory, and Management Support (TEAMS) business that supports the Missile Defense Agency; the deal closed Dec. 31. The acquired segment includes roughly 110 employees (many in Huntsville, Alabama) and expands System High's engineering, cybersecurity and defense contracting capabilities.

Phone2Action has acquired KnowWho, the world's largest directory of public officials and influencers, expanding its government relations and public affairs technology offering. The deal follows Phone2Action's recent purchase of GovPredict and brings KnowWho's database and founder Bruce Brownson onto the Phone2Action management team, creating a more comprehensive platform for policy, legislative and stakeholder intelligence.

Jacobs has acquired The Buffalo Group, a Reston, Virginia-based provider of advanced cyber and intelligence solutions, to strengthen Jacobs' national-security and Intelligence Community capabilities. Financial terms were not disclosed; the acquisition adds analytics, cyber, DevSecOps, identity intelligence, geospatial intelligence and AI/ML capabilities to Jacobs' mission-focused government offerings.

Amentum Holdings LLC agreed to acquire DynCorp International in a definitive transaction announced Sept. 24, 2020, creating one of the largest providers of mission-critical government support services with roughly $6 billion in combined revenue. The deal, which closed Nov. 23, 2020, expands Amentum's capabilities and market access in aviation support, contractor logistics, intelligence solutions and training, and combines the companies' workforces to about 34,000 employees globally.

Markon Solutions, a Falls Church, Virginia-based professional services firm, acquired Armatus Solutions, a small Northern Virginia government contracting company that provides systems engineering and IT professional services to the U.S. Intelligence Community. The acquisition is intended to expand Markon's systems engineering and enterprise IT capabilities while preserving continuity for Armatus customers and employees.

ASGN Incorporated has acquired Skyris, LLC and will integrate the company into its ECS segment to bolster geospatial intelligence, remote sensing and open-source data analytics capabilities for Department of Defense and intelligence community customers. Skyris, founded in Fredericksburg, Virginia, brings approximately 75 cleared technical employees and proprietary Data-as-a-Service capabilities; financial terms were not disclosed.

Enlightenment Capital-backed Trowbridge & Trowbridge has acquired Fredericksburg-based IntelliWare Systems and combined the businesses under the new name IntelliBridge. The combined firm will offer cloud, cyber, intelligence and digital services to defense, intelligence and federal civilian customers and has more than 600 employees; several leadership appointments were announced following the deal.

Whitney, Bradley & Brown, Inc. (WBB), a portfolio company of H.I.G. Capital, has acquired Decisive Analytics Corporation (DAC), a provider of advanced engineering and analytical support to the U.S. Department of Defense and U.S. Intelligence Community. The add-on strengthens WBB's mission‑critical capabilities in systems engineering, cybersecurity, data analytics and machine learning while providing an exit path for DAC's employee shareholders.

Bluestone Investment Partners completed an investment in Intrepid Solutions and Services, a Sterling, Virginia-based provider of enterprise IT, data analytics, and operational training to the U.S. Intelligence Community. The transaction included a co-investment from Route 2 Capital Partners (an SBIC), and Bluestone said the capital will support Intrepid’s organic growth and M&A-led expansion as a platform in the government services market.

Gores Holdings III, a SPAC sponsored by The Gores Group, completed its acquisition of Platinum Equity portfolio company PAE and the combined company was renamed PAE Incorporated and began trading on Nasdaq under PAE and PAEWW. The transaction valued PAE at an approximate $1.55 billion enterprise value and was funded with Gores Holdings III trust cash plus a $220 million private placement led by Alec Gores, with Platinum Equity affiliates retaining a meaningful stake in the new public company.

Whitney, Bradley & Brown, Inc. (WBB), a portfolio company of H.I.G. Capital, has acquired BRTRC Federal Solutions, a Vienna, Virginia-based provider of support services to the U.S. Army, Department of Defense and Intelligence Community. The deal expands WBB's capabilities in systems and vehicle integration, prototyping, strategic communications and cybersecurity as an add-on to its federal government services platform.