Transactions
October 4 2022
KippsDeSanto & Co. advises Seneca Resources, LLC on its sale to Caymus Equity Partners
KippsDeSanto & Co. is pleased to announce the sale of its client, Seneca Resources, LLC (“Seneca Resources”) to Caymus Equity Partners LLC (“Caymus”).
Headquartered in Reston, VA, Seneca Resources is a leading national information technology (“IT”), engineering, and business professional talent provider serving highly sought-after customers with established footholds across large, attractive end markets, including government, financial, and healthcare, among others.
Through the combination of its multi-pronged delivery model, deep IT and engineering domain expertise, proprietary systems and talent communities, and local presence in the core markets in which it operates, Seneca Resources has established itself as a premiere workforce solutions platform for its customers. Seneca Resources’ deeply entrenched relationships with its customers as their go-to-talent provider has allowed for demonstrable and consistent growth, driving additional workforce solutions and wallet share expansion across its diverse client base.
We believe this transaction demonstrates several key trends in the Federal and commercial technology talent and consulting market
• The confluence of several market trends including skilled worker shortage, unemployment, remote work, and demand for technology expertise has increased market appetite for more complex solutions for staffing and recruitment;
• Buyers continue to place significant value on firms with key market presence, entrenched customer relationships, and long-term contractual engagements to augment existing client portfolio, scale, and accelerate growth; and
• Private equity continues to deploy capital in the technology talent market, establishing middle market platforms through buy and build strategies.
LEAD INVESTMENT BANKERS
KippsDeSanto & Co. is pleased to announce the sale of its client, Seneca Resources, LLC (“Seneca Resources”) to Caymus Equity Partners LLC (“Caymus”).
Headquartered in Reston, VA, Seneca Resources is a leading national information technology (“IT”), engineering, and business professional talent provider serving highly sought-after customers with established footholds across large, attractive end markets, including government, financial, and healthcare, among others.
Through the combination of its multi-pronged delivery model, deep IT and engineering domain expertise, proprietary systems and talent communities, and local presence in the core markets in which it operates, Seneca Resources has established itself as a premiere workforce solutions platform for its customers. Seneca Resources’ deeply entrenched relationships with its customers as their go-to-talent provider has allowed for demonstrable and consistent growth, driving additional workforce solutions and wallet share expansion across its diverse client base.
We believe this transaction demonstrates several key trends in the Federal and commercial technology talent and consulting market
• The confluence of several market trends including skilled worker shortage, unemployment, remote work, and demand for technology expertise has increased market appetite for more complex solutions for staffing and recruitment;
• Buyers continue to place significant value on firms with key market presence, entrenched customer relationships, and long-term contractual engagements to augment existing client portfolio, scale, and accelerate growth; and
• Private equity continues to deploy capital in the technology talent market, establishing middle market platforms through buy and build strategies.
LEAD INVESTMENT BANKERS
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