Our senior team has advised on many noteworthy technology and defense deals over the last ten years.

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KippsDeSanto & Co. Advises Catapult Technology, Ltd. on its Sale to DC Capital

KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Catapult Technology, Ltd. (“Catapult”), by DC Capital Partners (“DC Capital”). The acquisition by DC Capital will provide additional capital and professional resources to enhance Catapult’s market position, growth, and meaningfully expand its customer base.

Headquartered in Bethesda, MD, Catapult is a leading provider of information technology (“IT”) and management consulting services to the federal government, including civilian, defense, intelligence, and law enforcement agencies.

Catapult wields a suite of highly-tailored and scalable IT solutions to help customers improve efficiency, reduce costs, increase automation, and ensure compliance with federal regulations. The Company offers a complete continuum of solutions including, but not limited to, enterprise management, software development and engineering, information assurance, strategic planning, and human resources management.

Together with two other DC Capital portfolio companies, Strategic Intelligence Group, LLC and Kickstand, LLC, which will immediately being merged into Catapult, the combined company will be able to leverage its IT and consulting services and solutions to new customers across the federal government.  The founder of Catapult shifts to a minority shareholder position and a member of the Board of Directors.

Douglas T. Lake, Partner of DC Capital, said, “It was a pleasure working with KippsDeSanto on this transaction as they truly understand the government services market.”

We believe this transaction demonstrates several key trends in the government services M&A environment:

  • Companies that focus on enterprise IT modernization and consolidation initiatives have an attractive position in today’s market as the Federal government seeks to optimize its operations given the current budget environment
  • Knowledgeable private equity firms continue to be active in the government services space, with a heavy focus on innovation and differentiation and the quality of the management team and employees in place to drive growth

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of the deal team leaders below.

PRESS RELEASE

CATAPULT TECHNOLOGY ACQUIRED BY DC CAPITAL PARTNERS
Mark E. Hunker Appointed President and CEO of Growing IT Consulting Firm

Bethesda, Maryland – Wednesday, July 11, 2012Catapult Technology, Ltd., a leading Information Technology (IT) contractor to the federal government, announces its acquisition by DC Capital Partners, a private investment firm headquartered in Washington, DC.

Mark E. Hunker has been appointed President and Chief Executive Officer of Catapult. Hunker spent the last ten years at Catapult as Chief Operating Officer and Executive Vice President. “This acquisition is great for Catapult because it brings us access to capital, so we can continue to grow, and new energy, as we continue to develop in the federal full-and-open marketplace,” he said. “DC Capital’s depth of experience and strategic vision will bolster our efforts. I’m excited about the opportunities in front of us.”

Thomas J. Campbell, President of DC Capital, said, “We are pleased to have Catapult join the DC Capital portfolio of companies. Catapult has an impressive track record of outstanding performance for a diverse group of federal agencies. Our investment in Catapult positions us to further expand our capabilities and support our ultimate objective of assisting our customers in fulfilling their mission. Together with two other portfolio companies, Strategic Intelligence Group LLC (“SIG”) and Kickstand, LLC (“Kickstand”), their collective capabilities will be greatly enhanced and the solutions provided to existing customers will afford the opportunity for meaningful growth.”

Campbell added, “Catapult’s management and employees are exceptional. We are fortunate to have Mark Hunker leading Catapult as we move forward. He joins a dynamic team that is already working well together.”

Catapult founder Randy J. Slager, steps down from his duties as CEO, but will join the Board of Directors and remain involved in strategic planning and business development. Slager said, “DC Capital will help complete the vision I had when I started Catapult: to become the preferred federal mid-tier firm. They bring experience, knowledge, and resources necessary for the company to further excel in this market.”

The balance of Catapult’s current management team will remain in place: John Scarcella, Executive Vice President, Enterprise Systems; David Lyons, Chief Technology Officer and Executive Vice President, Technology & Management Solutions; David Thornton, Chief Financial Officer and Executive Vice President; and Robert Smith, Chief Administrative Officer and Executive Vice President.

KippsDeSanto & Co. acted as exclusive financial advisor to Catapult Technology, Ltd. in this transaction. KippsDeSanto is an investment bank focused on delivering exceptional results for leading, growth-oriented defense and technology companies.

About Catapult Technology

Catapult Technology is a leading provider of information technology and management consulting services to the federal government. The firm’s Technology and Management Solutions division serves civilian departments and agencies; its Enterprise Systems division serves defense and intelligence departments and agencies. Catapult was founded in 1996 and is headquartered in Bethesda, Maryland. Learn more at www.catapulttechnology.com.

About DC Capital Partners

DC Capital Partners, LLC is a private investment firm headquartered in Washington, DC focused on making control investments in middle market companies that provide differentiated and innovative services and solutions to the U.S. federal government. DC Capital’s investment strategy emphasizes sectors that it believes offer the most compelling growth opportunities including but not limited to Intelligence, Information Technology, Development, Security, Infrastructure and Construction and Environmental. Learn more at www.dccapitalpartners.com.

 

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