Transactions
January 26 2026
KippsDeSanto & Co. advises BT Federal, Inc., a subsidiary of BT Plc. (LSE: BT.A), on its sale to 22nd Century Technologies, Inc.
KippsDeSanto & Co. is pleased to announce the sale of its client, BT Federal, Inc. (“BT Federal” or the “Company”), a subsidiary of BT Plc. (LSE: BT.A), to 22nd Century Technologies, Inc. (“TSCTI”). BT Federal will now operate as 22nd Century Networks, a wholly owned subsidiary of TSCTI.
BT Federal is a leading provider of global connectivity, network optimization, and digital modernization solutions serving the mission-critical requirements of U.S. Federal Government and Defense customers. The Company offers an extensive portfolio of network and voice solutions – including Software-Defined Wide Area Network (“SD-WAN”), Multiprotocol Label Switching (“MPLS”), Point-to-Point Circuits, and Ethernet connectivity and optimization – that establish secure and efficient global networks. BT Federal’s end-to-end solutions suite and ability to support sensitive and complex networks have catalyzed the Company as a trusted network partner across the Department of War, Department of State, and other U.S. Federal agencies. The acquisition underscores the growing demand for mission-critical connectivity solutions delivering secure, reliable, and high-performance network structures that meet the stringent requirements of critical missions within austere operating environments.
This transaction highlights several key trends in the M&A market:
- Continued interest in digital modernization solutions that support U.S. Federal and Defense customers’ mission continuity requirements in all environments;
- Selective capital deployment from strategic buyers towards assets that provide further access to established customer relationships, new contract vehicles, and an embedded presence within mission critical programs; and
- Ongoing strategic divestiture of non-core assets by larger corporations as companies focus on core competencies and portfolio optimization
About KippsDeSanto & Co.
KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace & Defense, Government Technology Solutions, and Enterprise Technology companies. We are focused on delivering exceptional M&A and financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on more than 250 industry transactions, KippsDeSanto is recognized for its analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.
KippsDeSanto & Co. is pleased to announce the sale of its client, BT Federal, Inc. (“BT Federal” or the “Company”), a subsidiary of BT Plc. (LSE: BT.A), to 22nd Century Technologies, Inc. (“TSCTI”). BT Federal will now operate as 22nd Century Networks, a wholly owned subsidiary of TSCTI.
BT Federal is a leading provider of global connectivity, network optimization, and digital modernization solutions serving the mission-critical requirements of U.S. Federal Government and Defense customers. The Company offers an extensive portfolio of network and voice solutions – including Software-Defined Wide Area Network (“SD-WAN”), Multiprotocol Label Switching (“MPLS”), Point-to-Point Circuits, and Ethernet connectivity and optimization – that establish secure and efficient global networks. BT Federal’s end-to-end solutions suite and ability to support sensitive and complex networks have catalyzed the Company as a trusted network partner across the Department of War, Department of State, and other U.S. Federal agencies. The acquisition underscores the growing demand for mission-critical connectivity solutions delivering secure, reliable, and high-performance network structures that meet the stringent requirements of critical missions within austere operating environments.
This transaction highlights several key trends in the M&A market:
- Continued interest in digital modernization solutions that support U.S. Federal and Defense customers’ mission continuity requirements in all environments;
- Selective capital deployment from strategic buyers towards assets that provide further access to established customer relationships, new contract vehicles, and an embedded presence within mission critical programs; and
- Ongoing strategic divestiture of non-core assets by larger corporations as companies focus on core competencies and portfolio optimization
About KippsDeSanto & Co.
KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace & Defense, Government Technology Solutions, and Enterprise Technology companies. We are focused on delivering exceptional M&A and financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on more than 250 industry transactions, KippsDeSanto is recognized for its analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.
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