May 28 2024
KippsDeSanto & Co. advises Earth Resources Technology on its investment from Macquarie Capital
KippsDeSanto & Co. is pleased to announce that its client, Earth Resources Technology (“ERT” or the “Company”), has received an investment from Macquarie Capital (“Macquarie”), the advisory, capital markets and principal investment arm of Macquarie Group.
Founded in 1993 and headquartered in Laurel, MD, ERT integrates full-spectrum, data-driven science and technology solutions that address complex and critical federal Earth and space mission priorities – from predicting extreme weather and climate trends to tracking and analyzing airborne and ocean pollutants. ERT’s core data and geospatial solutions help to protect lives and properties and to sustain and improve economies and ecosystems.
The Company is a long-standing and embedded partner to National Oceanic and Atmospheric Administration (“NOAA”), National Aeronautics and Space Administration (“NASA”), and the U.S. Air Force (“USAF”) and has developed a well-respected and well-known reputation as a leader within the Earth and space science domains. ERT’s core competencies include: satellite ground segment engineering; enterprise computing; data analytics; artificial intelligence; research and development; and sustainment and operations for satellite, weather, climate, ocean, and environmental missions.
Macquarie’s investment represents the creation of a new platform company for the private equity group. Macquarie believes that the partnership will provide ERT with augmented growth opportunities across both existing and new federal agencies.
We believe this transaction highlights several key trends in the government technology solutions M&A market:
• Heightened buyer demand for well-positioned businesses supporting federal civilian missions, and in particular those that span Environment, Social & Governance (“ESG”) initiatives, such as weather prediction and climate change;
• Investment focus remains strong for companies with exposure to federal space and satellite missions and programs;
• Continued buyer interest for companies with embedded positioning across well-funded agencies and in support of well-funded and high-profile contracts; and
• Financial sponsor appetite remains elevated for new platform investments in the government technology market
LEAD INVESTMENT BANKERS
KippsDeSanto & Co. is pleased to announce that its client, Earth Resources Technology (“ERT” or the “Company”), has received an investment from Macquarie Capital (“Macquarie”), the advisory, capital markets and principal investment arm of Macquarie Group.
Founded in 1993 and headquartered in Laurel, MD, ERT integrates full-spectrum, data-driven science and technology solutions that address complex and critical federal Earth and space mission priorities – from predicting extreme weather and climate trends to tracking and analyzing airborne and ocean pollutants. ERT’s core data and geospatial solutions help to protect lives and properties and to sustain and improve economies and ecosystems.
The Company is a long-standing and embedded partner to National Oceanic and Atmospheric Administration (“NOAA”), National Aeronautics and Space Administration (“NASA”), and the U.S. Air Force (“USAF”) and has developed a well-respected and well-known reputation as a leader within the Earth and space science domains. ERT’s core competencies include: satellite ground segment engineering; enterprise computing; data analytics; artificial intelligence; research and development; and sustainment and operations for satellite, weather, climate, ocean, and environmental missions.
Macquarie’s investment represents the creation of a new platform company for the private equity group. Macquarie believes that the partnership will provide ERT with augmented growth opportunities across both existing and new federal agencies.
We believe this transaction highlights several key trends in the government technology solutions M&A market:
• Heightened buyer demand for well-positioned businesses supporting federal civilian missions, and in particular those that span Environment, Social & Governance (“ESG”) initiatives, such as weather prediction and climate change;
• Investment focus remains strong for companies with exposure to federal space and satellite missions and programs;
• Continued buyer interest for companies with embedded positioning across well-funded agencies and in support of well-funded and high-profile contracts; and
• Financial sponsor appetite remains elevated for new platform investments in the government technology market
LEAD INVESTMENT BANKERS