Salient CRGT Agrees to Acquire Information Innovators Inc.

Salient CRGT Inc. announced that it has agreed to acquire Information Innovators (Triple-i), a Springfield, Virginia-based provider of healthcare IT services to the federal government.  Triple-i provides healthcare IT services, enterprise IT solutions, cloud services, and agile development to customers including 11 out of the 15 cabinet-level federal departments.  The deal is expected to close within the first quarter of 2017.  Both companies are owned by private equity firms with CRGT backed by Bridge Growth Partners LLC and Frontenac Co., and Triple-i by DFW Capital Partners.

Deal terms were not disclosed.  Salient CRGT was advised by RBC Capital Markets and Sagent Advisors while Triple-i was advised by KippsDeSanto & Co.