Private Equity Firm Business Services

Veritas Capital

New York, New York, United States

Veritas Capital is a technology investor focused on companies operating at the intersection of technology and government. The firm invests in critical products, software, and services for government and commercial customers and seeks to create value by strategically transforming portfolio companies.

Focus Areas
Technology and government-focused investing, Technology-enabled services, National security modernization

Tracked deals

27

27 tracked deals across 2019-2026.

Recent pace

6

6 tracked deals announced in the last 12 months.

Deal mix

Buyout

18 buyout · 7 addon · 1 divestiture

Veritas Capital Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Veritas Capital. 2 2019 3 2020 3 2021 6 2022 4 2023 2 2024 2 2025 ~6 est. 5 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 27 tracked deals for Veritas Capital.

  • Buyer
    Veritas Capital, Vulcan Alpha Bidco Limited
    Target
    Bodycote plc
    Location
    United Kingdom
    Type
    Buyout

    Veritas Capital has agreed to acquire Bodycote plc in a recommended cash transaction valuing the company at approximately £1.65 billion on a fully diluted equity basis and £1.85 billion on an enterprise-value basis. Bodycote shareholders will receive 940 pence per share in cash, including a previously announced £7.2-pence fiscal 2026 interim dividend, with the deal expected to become effective in the first quarter of 2027 subject to approvals.

  • Buyer
    Veritas Capital
    Target
    Saber Power Services, LLC
    Seller
    Greenbelt Capital Management L.P., Greenbelt Capital Partners
    Type
    Buyout

    Veritas Capital entered into a definitive agreement to acquire Saber Power Services, LLC from Greenbelt Capital Partners. Key members of Saber Power’s management team will retain a significant minority stake, and the business will continue to be led by CEO Brian Bratton.

  • Buyer
    Veritas Capital
    Target
    Trinity Consultants
    Seller
    Oak Hill Capital
    Location
    United States
    Type
    Buyout

    Veritas Capital will acquire Trinity Consultants from Oak Hill Capital pursuant to a definitive agreement. Oak Hill will reinvest and remain a minority shareholder, while Trinity’s management team and broader employees will continue to hold meaningful ownership. The transaction is expected to close in the fourth quarter of 2026, subject to customary conditions and regulatory approvals.

  • Buyer
    The Veritas Capital Vantage Fund, L.P., Veritas Capital
    Target
    Steampunk, Inc., MetroStar Systems, LLC
    Industry
    IT Services
    Type
    Addon

    Affiliates of The Veritas Capital Vantage Fund, L.P. have entered into a definitive agreement to acquire Steampunk, Inc., a federal contracting technology and digital services provider. After closing, Veritas plans to merge Steampunk with its existing portfolio company MetroStar Systems, LLC to form a larger mission-focused AI-enabled government contracting platform expected to close in Q3 2026 (subject to customary conditions).

  • Buyer
    Veritas Capital
    Target
    BGIS
    Seller
    CCMP Capital Advisors, LP, Alberta Investment Management Corporation (AIMCo)
    Industry
    IT Services
    Location
    Ontario, Canada
    Type
    Buyout

    Veritas Capital has entered into a definitive agreement to acquire BGIS, a global technical integrated facilities management (IFM) provider, from CCMP Capital Advisors and Alberta Investment Management Corporation (AIMCo). Veritas will partner with BGIS CEO Gord Hicks and BGIS’ existing management team to support the company’s long-term growth strategy, including its digital facility management platform and AI-enabled roadmap. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions; financial terms were not disclosed.

  • Buyer
    Veritas Capital, The Veritas Capital Vantage Fund, L.P. (affiliates)
    Target
    MetroStar Systems, LLC
    Type
    Buyout

    Veritas Capital, via affiliates of The Veritas Capital Vantage Fund, has entered into a definitive agreement to acquire MetroStar Systems, LLC, an AI-enabled digital transformation services and software provider serving U.S. Defense and National Security agencies. The deal is expected to close in Q4 2025, subject to customary regulatory approvals, and MetroStar will operate as a platform company within Veritas’ Vantage Fund.

  • March 31, 2025
    Buyer
    Cotiviti, Veritas Capital, KKR
    Target
    Edifecs
    Seller
    TA Associates, Francisco Partners, Founder(s)
    Type
    Buyout

    Cotiviti has completed its acquisition of Edifecs to combine interoperability and data management capabilities with Cotiviti's advanced analytics and value‑based care solutions. The transaction brings together Edifecs' healthcare interoperability cloud and SaaS offerings with Cotiviti's payment accuracy, risk adjustment and AI-enabled analytics to accelerate interoperability, streamline payer/provider workflows and advance value‑based care.

  • Buyer
    Veritas Capital
    Target
    Candescent (formerly the Digital Banking business of NCR Voyix)
    Seller
    NCR Voyix Corporation
    Industry
    Cloud & SaaS
    Type
    Buyout

    Veritas Capital has completed the acquisition of the Digital Banking business of NCR Voyix for $2.45 billion plus up to $100 million in contingent consideration and rebranded the business as Candescent. The standalone company will continue serving more than 1,300 financial institutions and over 29 million registered users and will focus on expanding its digital banking products and customer experience.

  • Buyer
    Epiq Solutions, The Veritas Capital Vantage Fund, L.P. (Veritas Capital)
    Target
    CyberRadio Solutions
    Seller
    G3 Technologies
    Type
    Addon

    Epiq Solutions, a portfolio company of The Veritas Capital Vantage Fund, L.P., has completed the acquisition of CyberRadio Solutions (CRS), a business unit of G3 Technologies. The deal adds high-performance RF receiver and signal-processing products to Epiq’s software-defined radio and space computing portfolio; CRS will continue to operate from Mount Airy, Maryland under its existing leadership. Financial terms were not disclosed.

  • Buyer
    Arcfield, Veritas Capital
    Target
    Strategic Technology Consulting, LLC (STC)
    Type
    Addon

    Arcfield has completed the acquisition of Strategic Technology Consulting (STC), a provider of model-based systems engineering (MBSE) and digital engineering services. STC will operate as a subsidiary of Arcfield and expand Arcfield's digital engineering, MBSE and digital twin capabilities to support government and commercial customers; Arcfield is PE-backed and headquartered in Chantilly, Virginia.

  • Buyer
    Elliott Investment Management L.P., Patient Square Capital, Veritas Capital
    Target
    Syneos Health, Inc.
    Seller
    Syneos Health stockholders
    Type
    Buyout

    A consortium of private investment firms—Elliott Investment Management, Patient Square Capital and Veritas Capital—has completed the acquisition of Syneos Health for $43.00 per share, a transaction valued at approximately $7.1 billion including debt. Syneos Health will become a privately held company, with the new owners planning to accelerate its transformation, invest in technology and strengthen its integrated biopharmaceutical services.

  • Buyer
    Veritas Capital
    Target
    Wood Mackenzie
    Seller
    Verisk
    Industry
    Data & Analytics
    Location
    Scotland, United Kingdom
    Type
    Buyout

    An affiliate of Veritas Capital has completed the acquisition of Wood Mackenzie from Verisk for $3.1 billion in cash plus up to $200 million of contingent consideration. Veritas will operate Wood Mackenzie as a standalone company to accelerate growth in energy and renewables data, analytics and subscription offerings under new CEO Mark Brinin.

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