May 21 2019
KippsDeSanto & Co. advises eGlobalTech on its Sale to Tetra Tech
KippsDeSanto & Co. is pleased to announce the sale of our client, eGlobalTech, Inc. (“eGlobalTech” or the “Company”) to Tetra Tech, Inc. (“Tetra Tech”).
Based in Arlington, VA, eGlobalTech provides the federal government with innovative solutions that produce enduring results through its strategy, information technology, cloud and cybersecurity consulting services. The Company is well-known for its ability to deliver advanced frameworks such as DevOps Factory®, artificial intelligence, data science, and cloud computing. eGlobalTech also utilizes its eGT Labs to prototype emerging technology solutions and test new technologies, allowing the Company to quickly resolve complex issues for clients.
The transaction expands Tetra Tech’s capability set in artificial intelligence, data analytics, and advanced cybersecurity while providing new federal customers such as the U.S. Department of Health and Human Services.
We believe this transaction demonstrates several key trends in the government services M&A market:
• Buyers are focused on M&A as an effective strategy to access next-generation IT capabilities including cybersecurity, cloud, and “as-a-service”
• Deep domain and subject matter expertise, particularly when coupled with long-term relationships, are critical differentiators for sellers in a crowded M&A market
• Continued M&A interest in high-end government technology solutions businesses from non-traditional buyers
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
KippsDeSanto & Co. is pleased to announce the sale of our client, eGlobalTech, Inc. (“eGlobalTech” or the “Company”) to Tetra Tech, Inc. (“Tetra Tech”).
Based in Arlington, VA, eGlobalTech provides the federal government with innovative solutions that produce enduring results through its strategy, information technology, cloud and cybersecurity consulting services. The Company is well-known for its ability to deliver advanced frameworks such as DevOps Factory®, artificial intelligence, data science, and cloud computing. eGlobalTech also utilizes its eGT Labs to prototype emerging technology solutions and test new technologies, allowing the Company to quickly resolve complex issues for clients.
The transaction expands Tetra Tech’s capability set in artificial intelligence, data analytics, and advanced cybersecurity while providing new federal customers such as the U.S. Department of Health and Human Services.
We believe this transaction demonstrates several key trends in the government services M&A market:
• Buyers are focused on M&A as an effective strategy to access next-generation IT capabilities including cybersecurity, cloud, and “as-a-service”
• Deep domain and subject matter expertise, particularly when coupled with long-term relationships, are critical differentiators for sellers in a crowded M&A market
• Continued M&A interest in high-end government technology solutions businesses from non-traditional buyers
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim