Transactions
October 27 2020
KippsDeSanto & Co. advises BlueWater Federal Solutions, Inc., on its sale to Tetra Tech, Inc.
KippsDeSanto & Co. is pleased to announce the sale of its client, BlueWater Federal Solutions, Inc. (“BlueWater” or the “Company”) to Tetra Tech, Inc. (“Tetra Tech”).
Headquartered in Chantilly, Virginia, BlueWater provides cybersecurity, information technology, systems / network engineering, and program management services to numerous agencies throughout the Federal Government, including the Federal Emergency Management Agency, Department of Energy, and Department of Defense.
BlueWater provides these clients with a variety of high-end IT and mission-oriented services, systems, and solutions that are essential to these agencies’ operations. Over the past decade, the Company’s leadership team and workforce of highly skilled / certified employees have led BlueWater to achieve considerable growth. This growth has been supported by the Company’s ability to understand and address mission challenges while continuing to leverage its technical expertise as a means of expanding its customer footprint.
BlueWater provides Tetra Tech with significant past performance throughout the Federal Government, and is expected to drive continued success by way of leveraging Tetra Tech’s expansive portfolio of contract vehicles and customer reach. BlueWater represents Tetra Tech’s second acquisition of 2020.
We believe this transaction demonstrates several key trends in the government technology M&A market:
• Acquisition priority for companies with high-end technology and analytics capabilities, in addition to well funded DoD-oriented footprint
• Buyers – public company and private equity firms alike – continue to deploy capital via M&A for well-positioned companies, notwithstanding COVID-19 and broader market turbulence
• Strong company fundamentals in terms of prime contracts, scale, performance, and a track-record of growth drive M&A interest and value
LEAD INVESTMENT BANKERS
KippsDeSanto & Co. is pleased to announce the sale of its client, BlueWater Federal Solutions, Inc. (“BlueWater” or the “Company”) to Tetra Tech, Inc. (“Tetra Tech”).
Headquartered in Chantilly, Virginia, BlueWater provides cybersecurity, information technology, systems / network engineering, and program management services to numerous agencies throughout the Federal Government, including the Federal Emergency Management Agency, Department of Energy, and Department of Defense.
BlueWater provides these clients with a variety of high-end IT and mission-oriented services, systems, and solutions that are essential to these agencies’ operations. Over the past decade, the Company’s leadership team and workforce of highly skilled / certified employees have led BlueWater to achieve considerable growth. This growth has been supported by the Company’s ability to understand and address mission challenges while continuing to leverage its technical expertise as a means of expanding its customer footprint.
BlueWater provides Tetra Tech with significant past performance throughout the Federal Government, and is expected to drive continued success by way of leveraging Tetra Tech’s expansive portfolio of contract vehicles and customer reach. BlueWater represents Tetra Tech’s second acquisition of 2020.
We believe this transaction demonstrates several key trends in the government technology M&A market:
• Acquisition priority for companies with high-end technology and analytics capabilities, in addition to well funded DoD-oriented footprint
• Buyers – public company and private equity firms alike – continue to deploy capital via M&A for well-positioned companies, notwithstanding COVID-19 and broader market turbulence
• Strong company fundamentals in terms of prime contracts, scale, performance, and a track-record of growth drive M&A interest and value
LEAD INVESTMENT BANKERS
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