Transactions
September 16 2019
KippsDeSanto & Co. advises AceInfo Solutions on its sale to Dovel Technologies, a portfolio company of Macquarie Capital
KippsDeSanto & Co. is pleased to announce the sale of its client, AceInfo Solutions (“AceInfo” or the “Company”), to Dovel Technologies (“Dovel”), a portfolio company of Macquarie Capital.
Headquartered in Reston, VA, AceInfo has established itself as a preeminent provider of NextGen IT solutions addressing the IT transformation and modernization needs across a strong base of Federal civilian and Department of Defense (“DoD”) customers.
Leveraging its differentiated portfolio of solutions, including Application Services, Systems Modernization, Agile Development, DevSecOps, Cloud Services, Cyber Security, and Managed Services, AceInfo delivers emerging technology to advance its customers’ critical modernization missions and has established decades-long relationships with the U.S. Department of Agriculture (“USDA”), Census Bureau, Department of Homeland Security (“DHS”), Department of Justice (“DoJ”) and NOAA, among many other Federal customers.
As Dovel’s first acquisition since being acquired by Macquarie Capital, AceInfo’s position across several strategic Federal agencies will augment Dovel’s customer base and further accelerate the combined market position through AceInfo’s contract vehicle portfolio, including Alliant 2, One Acquisition Solution for Integrated Services (“OASIS”), Responsive Strategic Sourcing for Services (“RS3”), the Defense Information System Agency’s (“DISA”) Encore III, and others.
We believe this transaction highlights several key trends in the government and technology solutions M&A market:
• As the requirements of government customers continue to evolve, firms that offer forward leaning, NextGen solutions to include cloud and agile remain highly attractive acquisition candidates
• Strong demand for access to prime, full and open contract vehicles as a conduit to drive growth
• Private equity continues to invest and build the middle market through buy and build strategies
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin
KippsDeSanto & Co. is pleased to announce the sale of its client, AceInfo Solutions (“AceInfo” or the “Company”), to Dovel Technologies (“Dovel”), a portfolio company of Macquarie Capital.
Headquartered in Reston, VA, AceInfo has established itself as a preeminent provider of NextGen IT solutions addressing the IT transformation and modernization needs across a strong base of Federal civilian and Department of Defense (“DoD”) customers.
Leveraging its differentiated portfolio of solutions, including Application Services, Systems Modernization, Agile Development, DevSecOps, Cloud Services, Cyber Security, and Managed Services, AceInfo delivers emerging technology to advance its customers’ critical modernization missions and has established decades-long relationships with the U.S. Department of Agriculture (“USDA”), Census Bureau, Department of Homeland Security (“DHS”), Department of Justice (“DoJ”) and NOAA, among many other Federal customers.
As Dovel’s first acquisition since being acquired by Macquarie Capital, AceInfo’s position across several strategic Federal agencies will augment Dovel’s customer base and further accelerate the combined market position through AceInfo’s contract vehicle portfolio, including Alliant 2, One Acquisition Solution for Integrated Services (“OASIS”), Responsive Strategic Sourcing for Services (“RS3”), the Defense Information System Agency’s (“DISA”) Encore III, and others.
We believe this transaction highlights several key trends in the government and technology solutions M&A market:
• As the requirements of government customers continue to evolve, firms that offer forward leaning, NextGen solutions to include cloud and agile remain highly attractive acquisition candidates
• Strong demand for access to prime, full and open contract vehicles as a conduit to drive growth
• Private equity continues to invest and build the middle market through buy and build strategies
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin
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