Transactions

October 10 2021

KippsDeSanto & Co. Advises Geocent, LLC on its sale to Sev1Tech, LLC, a Portfolio Company of DFW Capital Partners and Enlightenment Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, Geocent, LLC (“Geocent” or the “Company”) to Sev1Tech, LLC (“Sev1Tech”), a portfolio Company of DFW Capital Partners and Enlightenment Capital.

Headquartered in Metairie, Louisiana, Geocent is a leader in digital modernization of systems and platforms for U.S. federal national security and space agencies.

The Company designs and implements innovative and transformative software and engineering solutions that incorporate Agile, DevSecOps, Cloud, and advanced data analytics to enhance customers’ business operations and mission agility and effectiveness while reducing risks and lowering costs.

Geocent supports critical national security objectives, including Anti-Terrorism/Force Protection; C4ISR, missile defense; space superiority; and risk, fraud, and abuse. To augment its capability offerings and promote differentiation, the Company develops proprietary tools and intellectual property (“IP”), primarily focused on DevSecOps and space superiority.

Geocent has been a critical partner to U.S. Citizenship and Immigration Services (“USCIS”) since 2015. The Company has developed a modernized, paperless enterprise system to replace the Fraud Detection and National Security (“FDNS”) directorate’s three legacy systems, incorporating the Company’s proprietary continuous integration / continuous development (“CI/CD”) software pipeline tool, Apios.

Geocent has provided systems modernization and C4ISR solutions to the Navy for over a decade. At the Marine Corps datacenter out of Naval Information Warfare Center (“NIWC”), Atlantic Geocent developed the Marine Corps Business Operations Support Systems (“MCBOSS”), which will serve as a software factory with DevSecOps capabilities. The Company is also on its second iteration of the $250 million Shore Platform vehicle providing C4ISR-related efforts to NIWC Pacific.

Since 2008, Geocent has played a key role in the Space Launch System and Artemis Program as a pivotal partner to NASA. Along with incorporating digital/complex engineering solutions into critical space Programs of Record, Geocent has also developed ACCRES for NASA. This thin yet durable material protects humans from the full spectrum of harmful galactic cosmic radiation. It is currently flying aboard the X-37 space plane mission and the International Space Station.

We believe this transaction demonstrates several key trends in the government technology and defense M&A environment:

• Desire for NextGen capabilities such as DevSecOps, Agile and Cloud that leverage proprietary tools and IP

• Focus on franchise positions with well-funded Defense, Space and Homeland Security customers

• Private Equity and private equity-backed buyers continue to actively pursue acquisitions that provide differentiated offerings and talented workforces

LEAD INVESTMENT BANKERS

banker-photo

Bob Kipps

Contact Bob
banker-photo

Marc B. Marlin

Contact Marc
banker-photo

Kate Troendle

Contact Kate

KippsDeSanto & Co. is pleased to announce the sale of its client, Geocent, LLC (“Geocent” or the “Company”) to Sev1Tech, LLC (“Sev1Tech”), a portfolio Company of DFW Capital Partners and Enlightenment Capital.

Headquartered in Metairie, Louisiana, Geocent is a leader in digital modernization of systems and platforms for U.S. federal national security and space agencies.

The Company designs and implements innovative and transformative software and engineering solutions that incorporate Agile, DevSecOps, Cloud, and advanced data analytics to enhance customers’ business operations and mission agility and effectiveness while reducing risks and lowering costs.

Geocent supports critical national security objectives, including Anti-Terrorism/Force Protection; C4ISR, missile defense; space superiority; and risk, fraud, and abuse. To augment its capability offerings and promote differentiation, the Company develops proprietary tools and intellectual property (“IP”), primarily focused on DevSecOps and space superiority.

Geocent has been a critical partner to U.S. Citizenship and Immigration Services (“USCIS”) since 2015. The Company has developed a modernized, paperless enterprise system to replace the Fraud Detection and National Security (“FDNS”) directorate’s three legacy systems, incorporating the Company’s proprietary continuous integration / continuous development (“CI/CD”) software pipeline tool, Apios.

Geocent has provided systems modernization and C4ISR solutions to the Navy for over a decade. At the Marine Corps datacenter out of Naval Information Warfare Center (“NIWC”), Atlantic Geocent developed the Marine Corps Business Operations Support Systems (“MCBOSS”), which will serve as a software factory with DevSecOps capabilities. The Company is also on its second iteration of the $250 million Shore Platform vehicle providing C4ISR-related efforts to NIWC Pacific.

Since 2008, Geocent has played a key role in the Space Launch System and Artemis Program as a pivotal partner to NASA. Along with incorporating digital/complex engineering solutions into critical space Programs of Record, Geocent has also developed ACCRES for NASA. This thin yet durable material protects humans from the full spectrum of harmful galactic cosmic radiation. It is currently flying aboard the X-37 space plane mission and the International Space Station.

We believe this transaction demonstrates several key trends in the government technology and defense M&A environment:

• Desire for NextGen capabilities such as DevSecOps, Agile and Cloud that leverage proprietary tools and IP

• Focus on franchise positions with well-funded Defense, Space and Homeland Security customers

• Private Equity and private equity-backed buyers continue to actively pursue acquisitions that provide differentiated offerings and talented workforces

LEAD INVESTMENT BANKERS

banker-photo

Bob Kipps

Contact Bob
banker-photo

Marc B. Marlin

Contact Marc
banker-photo

Kate Troendle

Contact Kate