Transactions

View All Transactions

October 22 2017

KippsDeSanto & Co. Advises Dominion Consulting Inc. on its Merger with TeraThink Corporation

KippsDeSanto & Co. is pleased to announce the merger of our client, Dominion Consulting Inc. (“Dominion” or the “Company”) with TeraThink Corporation (“TeraThink”).

Dominion is a leading technology and management consulting firm focused on delivering agile-based enterprise application and Information Technology (“IT”) solutions to government and commercial clients. TeraThink is a nimble, resourceful team of IT and management consultants that’s purpose-built to help clients drive real, rapid progress and make sustainable improvements that lead to greater operational success. The combination of these two leading firms brings exceptional scale and value to support customer transformation, automation, and mission goals through expertise in agile development, enterprise application technologies, and cloud computing.

Dan Maguire, President of Dominion, will transition to Chief Executive Officer of TeraThink. Tim Spadafore, Chief Operating Officer of Dominion, will become the President and Chief Operating Officer of TeraThink. The newly formed company will assume the TeraThink brand going forward and double its size to $80 million in annual revenue.

We believe this merger demonstrates several key trends in the government services M&A environment:

• Larger companies with additional resources and past performance can better compete in the unrestricted government contracting environment.

• Consolidation of the government services industry continues to occur, as firms look to restructure and reposition within critical government areas and customers.

• Value continues to be placed on companies with established client relationships, strong past performance, and solid revenue visibility.

• Ample capital is available for government services contractors.

KippsDeSanto & Co. is pleased to announce the merger of our client, Dominion Consulting Inc. (“Dominion” or the “Company”) with TeraThink Corporation (“TeraThink”).

Dominion is a leading technology and management consulting firm focused on delivering agile-based enterprise application and Information Technology (“IT”) solutions to government and commercial clients. TeraThink is a nimble, resourceful team of IT and management consultants that’s purpose-built to help clients drive real, rapid progress and make sustainable improvements that lead to greater operational success. The combination of these two leading firms brings exceptional scale and value to support customer transformation, automation, and mission goals through expertise in agile development, enterprise application technologies, and cloud computing.

Dan Maguire, President of Dominion, will transition to Chief Executive Officer of TeraThink. Tim Spadafore, Chief Operating Officer of Dominion, will become the President and Chief Operating Officer of TeraThink. The newly formed company will assume the TeraThink brand going forward and double its size to $80 million in annual revenue.

We believe this merger demonstrates several key trends in the government services M&A environment:

• Larger companies with additional resources and past performance can better compete in the unrestricted government contracting environment.

• Consolidation of the government services industry continues to occur, as firms look to restructure and reposition within critical government areas and customers.

• Value continues to be placed on companies with established client relationships, strong past performance, and solid revenue visibility.

• Ample capital is available for government services contractors.