Transactions
January 22 2018
KippsDeSanto & Co. Advises ADG Creative on its Sale to Chenega Corporation
KippsDeSanto & Co. is pleased to announce the sale of our client, ADG Creative (“ADG” or the “Company”), to Chenega Corporation (“Chenega”), an Alaska Native Corporation (“ANC”).
Based in Columbia, MD, ADG is a leading digital innovations firm with a full suite of solutions that address business, cultural, and technology challenges for its customers which include the Department of Defense (“DoD”), the Intelligence Community (“IC”), academia, and commercial clients. ADG’s capabilities, include innovation, consulting and strategic communications to develop and enhance technology solutions and support organizational goals. ADG differentiators are evident through the Company’s agility, speed, and responsiveness, as well as deep and long-standing client relationships resulting from earned reputation and trust, quality work, and consistent successful engagements.
Through its acquisition of ADG, Chenega believes its resources, as well as ADG’s, will help satisfy the DoD’s critical need for emerging technology and digital transformation. Chenega’s scale and relationships will complement ADG’s, allowing the Company to pursue larger opportunities while positively impacting the clients it currently serves.
This transaction demonstrates several key trends in the government solutions M&A environment:
• Premiums are placed on acquisition targets that have a highly cleared employee base and can provide access to difficult to penetrate and highly coveted National Intelligence Agencies
• Strategic buyers continue to place value on companies that provide capability synergies and present long-term growth opportunities with enhanced profitability
• Diversity in strategic buyers are continuing to increase and providing additional options for selling companies
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
KippsDeSanto & Co. is pleased to announce the sale of our client, ADG Creative (“ADG” or the “Company”), to Chenega Corporation (“Chenega”), an Alaska Native Corporation (“ANC”).
Based in Columbia, MD, ADG is a leading digital innovations firm with a full suite of solutions that address business, cultural, and technology challenges for its customers which include the Department of Defense (“DoD”), the Intelligence Community (“IC”), academia, and commercial clients. ADG’s capabilities, include innovation, consulting and strategic communications to develop and enhance technology solutions and support organizational goals. ADG differentiators are evident through the Company’s agility, speed, and responsiveness, as well as deep and long-standing client relationships resulting from earned reputation and trust, quality work, and consistent successful engagements.
Through its acquisition of ADG, Chenega believes its resources, as well as ADG’s, will help satisfy the DoD’s critical need for emerging technology and digital transformation. Chenega’s scale and relationships will complement ADG’s, allowing the Company to pursue larger opportunities while positively impacting the clients it currently serves.
This transaction demonstrates several key trends in the government solutions M&A environment:
• Premiums are placed on acquisition targets that have a highly cleared employee base and can provide access to difficult to penetrate and highly coveted National Intelligence Agencies
• Strategic buyers continue to place value on companies that provide capability synergies and present long-term growth opportunities with enhanced profitability
• Diversity in strategic buyers are continuing to increase and providing additional options for selling companies
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
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