Transactions
February 20 2017
KippsDeSanto & Co. Advises Information Innovators, Inc. on Sale to Salient CRGT
KippsDeSanto & Co. is pleased to announce the sale of our client, Information Innovators, Inc. (“Triple-i” or the “Company”), a portfolio company of DFW Capital Partners, to Salient CRGT, a portfolio company of Bridge Growth Partners and Frontenac Co.
Based in Springfield, VA, Triple-i is a leading provider of next generation solutions, including a full suite of health information technology (“HIT”) services, enterprise information technology (“IT”) solutions, and agile development capabilities focused on the needs of customers within the federal health, civilian, and defense markets. The Company’s full suite of services and capabilities include: HIT services, health services, software and systems engineering, cloud / data center solutions, IT management, and cybersecurity and data analytic solutions. Triple-i also has a broad portfolio of multi-billion dollar prime contract vehicles with attractive health-focused customer agencies, including positions on CMS’ SPARC, VA’s T4 NextGen, and NIH’s CIO-SP3.
Through its acquisition of Triple-i, Salient CRGT anticipates solidifying its position in the mid-tier federal IT services market, enabling it to compete amongst the large-scale professional service providers and providing it with new capabilities in HIT, IT infrastructure, network engineering, network operations management, and cloud services.
We believe this transaction demonstrates several key trends in the government technology solutions M&A environment:
• Mid-sized strategic buyers are increasingly interested in transformational acquisitions that provide synergies and present long-term growth opportunities
• Premiums are placed on acquisition targets that provide complementary solutions within an expanded customer footprint, particularly for high-value customer markets such as HIT
• Companies command greater acquisition interest when possessing a deep portfolio of prime contract vehicles from which to drive future growth
LEAD INVESTMENT BANKERS
KippsDeSanto & Co. is pleased to announce the sale of our client, Information Innovators, Inc. (“Triple-i” or the “Company”), a portfolio company of DFW Capital Partners, to Salient CRGT, a portfolio company of Bridge Growth Partners and Frontenac Co.
Based in Springfield, VA, Triple-i is a leading provider of next generation solutions, including a full suite of health information technology (“HIT”) services, enterprise information technology (“IT”) solutions, and agile development capabilities focused on the needs of customers within the federal health, civilian, and defense markets. The Company’s full suite of services and capabilities include: HIT services, health services, software and systems engineering, cloud / data center solutions, IT management, and cybersecurity and data analytic solutions. Triple-i also has a broad portfolio of multi-billion dollar prime contract vehicles with attractive health-focused customer agencies, including positions on CMS’ SPARC, VA’s T4 NextGen, and NIH’s CIO-SP3.
Through its acquisition of Triple-i, Salient CRGT anticipates solidifying its position in the mid-tier federal IT services market, enabling it to compete amongst the large-scale professional service providers and providing it with new capabilities in HIT, IT infrastructure, network engineering, network operations management, and cloud services.
We believe this transaction demonstrates several key trends in the government technology solutions M&A environment:
• Mid-sized strategic buyers are increasingly interested in transformational acquisitions that provide synergies and present long-term growth opportunities
• Premiums are placed on acquisition targets that provide complementary solutions within an expanded customer footprint, particularly for high-value customer markets such as HIT
• Companies command greater acquisition interest when possessing a deep portfolio of prime contract vehicles from which to drive future growth
LEAD INVESTMENT BANKERS
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