January 21 2010
KippsDeSanto & Co. Advises Managed IT Services and Solutions Firm OAO Technology Solutions on its Acquisition by Platinum Equity
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, OAO Technology Solutions, Inc. (“OAOT”), a portfolio company of J.F. Lehman & Company, by Platinum Equity, LLC (“Platinum”). The acquisition deepens Platinum’s presence in the IT services market and affords OAOT a platform to broaden its service offerings, customer base, and addressable markets. The transaction closed on January 15, 2010.
Headquartered in Greenbelt, MD, OAOT is a provider of lifecycle IT solutions and services for Fortune 500 corporations and global outsourcing firms worldwide. OAOT is a widely acknowledged market leader in data center
and infrastructure management, application outsourcing, and staffing solutions. OAOT helps customers achieve greater agility and efficiencies in management of critical infrastructures and technologies and to maximize human assets.
We believe this transaction represents a number of key trends in the M&A market for IT services and solutions firms:
• Heightened acquisition interest in firms operating in or around IT infrastructure assets, such as the data center, that enable customers’ mission critical business processes, and drive operational effectiveness and cost efficiencies
• Buyer attraction to firms having long-term, entrenched relationships with blue chip customers
• Continued M&A activity by financial sponsors, despite continued cautious credit markets
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and professional services companies in the government, defense, and commercial IT markets. 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
Marc B. Marlin
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, OAO Technology Solutions, Inc. (“OAOT”), a portfolio company of J.F. Lehman & Company, by Platinum Equity, LLC (“Platinum”). The acquisition deepens Platinum’s presence in the IT services market and affords OAOT a platform to broaden its service offerings, customer base, and addressable markets. The transaction closed on January 15, 2010.
Headquartered in Greenbelt, MD, OAOT is a provider of lifecycle IT solutions and services for Fortune 500 corporations and global outsourcing firms worldwide. OAOT is a widely acknowledged market leader in data center
and infrastructure management, application outsourcing, and staffing solutions. OAOT helps customers achieve greater agility and efficiencies in management of critical infrastructures and technologies and to maximize human assets.
We believe this transaction represents a number of key trends in the M&A market for IT services and solutions firms:
• Heightened acquisition interest in firms operating in or around IT infrastructure assets, such as the data center, that enable customers’ mission critical business processes, and drive operational effectiveness and cost efficiencies
• Buyer attraction to firms having long-term, entrenched relationships with blue chip customers
• Continued M&A activity by financial sponsors, despite continued cautious credit markets
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and professional services companies in the government, defense, and commercial IT markets. 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
Marc B. Marlin