Transactions
July 21, 2009
KippsDeSanto & Co. Advises Harding Security Associates, Inc. on its Sale to GTCR and Six3 Systems Inc.
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Harding Security Associates (“HSA”), by private equity group GTCR and its government portfolio company, Six3 Systems Inc. (“Six3”). The transaction closed on July 21, 2009. This is the first acquisition for Six3, which is led by former ManTech President and COO Bob Coleman.
Based in McLean, VA, HSA is a leading provider of identity intelligence, CI, HUMINT, and security services to the federal government. With more than 350 highly trained employees, HSA is at the forefront of the Department of Defense’s (“DoD”) biometric-enabled intelligence analysis and forensics mission. The Company also provides mission-critical intelligence and counter-intelligence training and security services to the DoD and key civilian agencies. KippsDeSanto & Co. acted as exclusive financial advisor to HSA in this transaction.
We believe this transaction represents a number of key trends in government services M&A:
• As the nation maintains its focus on protecting its homeland, expect the federal government to continue funding intelligence operations and large scale programs to integrate the analysis and collection efforts of biometric information internationally, in the maritime domain, at the border, and domestically.
• Given its size, performance, and focus, HSA received very strong market interest from both strategic buyers and private equity groups, the latter of which has increased its activity in the last three months as credit markets have continued to stabilize.
• The M&A market for leading government services firms has materially rebounded over the past few months and continues to gain strength with the HSA acquisition, which represents the 25th government services transaction in 2009 (and fourth private equity-backed deal announced since May).
KippsDeSanto & Co. is an investment bank focused on delivering M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Harding Security Associates (“HSA”), by private equity group GTCR and its government portfolio company, Six3 Systems Inc. (“Six3”). The transaction closed on July 21, 2009. This is the first acquisition for Six3, which is led by former ManTech President and COO Bob Coleman.
Based in McLean, VA, HSA is a leading provider of identity intelligence, CI, HUMINT, and security services to the federal government. With more than 350 highly trained employees, HSA is at the forefront of the Department of Defense’s (“DoD”) biometric-enabled intelligence analysis and forensics mission. The Company also provides mission-critical intelligence and counter-intelligence training and security services to the DoD and key civilian agencies. KippsDeSanto & Co. acted as exclusive financial advisor to HSA in this transaction.
We believe this transaction represents a number of key trends in government services M&A:
• As the nation maintains its focus on protecting its homeland, expect the federal government to continue funding intelligence operations and large scale programs to integrate the analysis and collection efforts of biometric information internationally, in the maritime domain, at the border, and domestically.
• Given its size, performance, and focus, HSA received very strong market interest from both strategic buyers and private equity groups, the latter of which has increased its activity in the last three months as credit markets have continued to stabilize.
• The M&A market for leading government services firms has materially rebounded over the past few months and continues to gain strength with the HSA acquisition, which represents the 25th government services transaction in 2009 (and fourth private equity-backed deal announced since May).
KippsDeSanto & Co. is an investment bank focused on delivering M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
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