National Technologies Associates Inc. (NTA) announced that it has acquired V1 Analytical Solutions, a provider of intelligence and information solutions, special activity support and training for defense and intelligence customers including special forces. Indian River Advisors advised NTA on the transaction while Rock Hall Partners advised V1. Deal terms were not disclosed.
AASKI Technology announced that it has acquired San Francisco-based ConnnectSolutions, a provider of private cloud managed services for secure virtual classroom training and web conferencing to commercial and federal government customers. ConnectSolutions will be called CoSo Cloud LLC, an AASKI company. DecisionPoint was the financial advisor to ConnectSolutions. Deal terms were not disclosed.
Constellis announced that it has agreed to acquire Centerra Group LLC, a government and critical infrastructure services company owned by Alvarez & Marsal Capital. Constellis is also private equity-owned, having been acquired by Apollo Global Management in 2016. Based in Palm Beach Gardens, Florida and with approximately 9,000 employees worldwide, Centerra provides security, fire suppression, and base operations support to US Government clients. The company also provides humanitarian focused services and training to the United Nations and foreign governments.
The transaction is expected to close in the second quarter of 2017. Deal terms were not disclosed. Financing for the deal is being provided by Credit Suisse, Barclays, Citi and Goldman Sachs.
PSI Services LLC announced that it has acquired Performance Assessment Network (PAN), a provider of talent assessments and measurements solutions for customers in the corporate, government, and education markets. PSI is a leading provider of professional testing services to a broad range of customers. Deal terms were not disclosed.
Huntington Ingalls Industries announced that it has agreed to acquire Camber Corporation for $380 million, including $25 million in tax benefits. Camber is a $364 million revenue provider of IT and technical services including agile software, network engineering, modeling simulation and training, unmanned systems, systems engineering, and data analytics. Camber's customers include the US Navy, US Army, Administrative Office of the United States Courts, US Postal Service, and the Intelligence Community. The company has approximately 1,100 employees and backlog of approximately $800 million. The deal is expected to close in late 2016.
CALIBRE Systems Inc. announced that it has acquired Fusion Technology LLC, a Reston, Virginia-based provider of talent management solutions and instructional systems design strategies to the Intelligence Community. KippsDeSanto & Co. advised Fusion on the transaction. Deal terms were not disclosed.
Constellis announced that it has agreed to a management-led buyout which includes the current CEO and President. The investment consortium is headed by Apollo Global Management LLC and includes current investors Forte Capital and Manhattan Partners.
Constellis provides security, risk management, crisis response, training, logistics, life support and technology services to government and commercial clients across 25 countries. The company has a bit of a controversial history since its subsidiaries include the former Blackwater business.
The transaction is projected to close by the end of the third quarter. Deal terms were not disclosed.
Centerra Group LLC announced that it has acquired The Development Initiative (TDI), a provider of commercial and humanitarian landmine clearance, unexploded ordinance disposal, training and remote logistics solutions in locations across Africa and the Middle East. Based in Zimbabwe, TDI provides its services to companies, government agencies, and NGO’s. Since 2005, the company has cleared over 26,000 km of roads and removed over 46,000 pieces of unexploded ordinance. Deal terms were not disclosed.
Xator Corporation announced that it has acquired TSM Corporation, a provider of training, engineering, and logistics services to Special Operations, Defense, and Law Enforcement customers. Deal terms were not disclosed.
Reuters is reporting that Constellis Holdings LLC, the owner of the former Blackwater and Triple Canopy military security businesses is up for sale. Constellis' owners, Forte Capital Advisors LLC and Manhattan Strategic Ventures LLC, have hired BD&T to run an auction for the business and are hoping to get as much as a billion dollars for the business which is reported to have 12-month EBITDA of $170 million.
Based in Reston, Virginia, Constellis' 8,000 employees, most of whom are former military or law enforcement personnel, provides training and security services to customers worldwide. The business was originally founded as Blackwater, then changed its name to Xe Services after the fatal shooting of 14 civilians in Iraq 2007. In 2010, the company was sold to its current private equity owners and was rebadged ACADEMI. In 2014 the company was merged with Triple Canopy to form Constellis Holdings.
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