News & Events

KippsDeSanto & Co. Advises Information Management Technology on its Sale to Mission Essential Personnel


KippsDeSanto & Co. is pleased to announce the sale of our client, Information Management Technology Corporation (“IMT” or “the Company”), to Mission Essential Personnel, LLC (“Mission Essential”). This deal, that closed August 3rd, marks KippsDeSanto & Co.’s sixth transaction of 2016.

Headquartered in Fairfax, VA, IMT is a provider of advanced technical solutions for critical global intelligence dissemination systems supporting the Department of Defense (“DoD”), Intelligence Community (“IC”), and Five Eye (“FVEY”) coalition forces. The Company is the lead enabler of a mission-critical Program of Record, the Integrated Broadcast Service (“IBS”) enterprise. The IBS is an enabling capability in a worldwide, geostationary satellite communications (“SATCOM”) system used as the DoD standard network for transmitting time-sensitive strategic, tactical, and targeting data to all echelons of Joint Service and FVEY operational users to fulfill their Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (“C4ISR”) and other DoD mission requirements.

With highly-differentiated and established global intelligence system integration, information management, software engineering, and SATCOM subject matter expertise (“SME”), IMT’s capabilities are complementary to Mission Essential’s existing mission-focused solutions across the DoD and IC and establishes Mission Essential as a key player in the IBS enterprise and C4ISR market. The strategic position within the IBS enterprise is further supported by the Company’s portfolio of intellectual property, which establishes a strong foundation to capitalize on increasing global demand and large market opportunities to expand its proprietary solutions, both domestically and internationally.

We believe this transaction demonstrates several key trends in the Intel and C4ISR M&A environment:

  • Mid-sized strategic buyers continue to seek M&A opportunities to enhance depth of technology, proprietary solutions, and intellectual property to complement existing offerings and improve market sector positioning
  • Value of strategic customer access and deeply-embedded positions on missioncritical programs in support of evolving forward operator requirements
  • Companies with differentiated and innovative solutions in support of highly visible and critical C4ISR missions continue to be in high demand

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

KippsDeSanto & Co., member FINRA / SIPC, is not affiliated with other companies mentioned herein

 

Press Release

 MISSION ESSENTIAL ACQUIRES IMT CORPORATION

HERNDON, VA, 8/4/2016 8:39 AM – Mission Essential, a global services and solutions provider to the Defense and Intelligence Communities, announced the acquisition of Information Management Technology Corporation (IMT), a rapidly growing system integrator and software engineering firm, and the foremost experts in the dissemination of time critical intelligence to the warfighter.

Founded in 2006 in Fairfax, VA, IMT provides a full spectrum of integration, engineering, and sustainment solutions and has built an industry-leading expertise in time-critical information management and global communications. IMT is the lead technical support and sustainment provider for the Integrated Broadcast Service (IBS) Enterprise, the Defense Department’s worldwide satellite-connected communications network for transmitting tactical and strategic intelligence, lethal threat warning, and targeting data to Joint Service and Allied partner decision-makers and operators.

“The acquisition of IMT is a key component of our long-term growth and diversification strategy,” said Mission Essential Chairman Greg Miller, further commenting that, “after thoroughly analyzing the marketplace, it was clear that IMT would be a great value-add to the Mission Essential family as the spearhead for our C4ISR capabilities.” Mission Essential CEO Sunil Ramchand stated, “The Mission Essential – IMT combination is a perfect fit: both have mission-focused, people-first cultures, and are committed to supporting the critical needs of the warfighter.”

IMT founder and President Rob Kelly said, “IMT is excited to join the Mission Essential family. The combination of our world-class engineering capabilities with Mission Essential’s global infrastructure will be a force-multiplier for our customers and a catalyst for growth.”

IMT will continue to be led by Rob Kelly, and will be known as IMT, a Mission Essential Company.

The terms of the transaction were not disclosed.

Advisors to Mission Essential for this transaction were Pillsbury Winthrop Shaw Pittman, LLP and Arena Strategic Advisors LLC. IMT was represented by KippsDeSanto & Company and Holland & Knight, LLP.

ABOUT MISSION ESSENTIAL

Mission Essential, founded in 2004 by U.S. Army veteran and current Chairman Gregory K. Miller, is the preeminent provider of interpretation and translation services to the Defense Department, as well as a leading provider of analytic and operational intelligence services and solutions to the Intelligence Community. Mission Essential executes prime contracts with numerous Intelligence Community members, as well as with the U.S. Army, Navy, and Air Force; U.S. Central, European, and Africa Commands; and the State Department.

Mission Essential has deployed over 20,000 professionals to 200 project sites in 46 countries worldwide. It is included on both the Defense News and Washington Technology lists of Top 100 Contractors.