Transactions
March 20 2023
KippsDeSanto & Co. advises Virginia Systems and Technology, Inc. on its sale to Altamira Technologies Corporation
KippsDeSanto & Co. is pleased to announce the sale of Virginia Systems and Technology Inc. (“VaST” or the “Company”) to Altamira Technologies Corporation, a McLean, VA based defense contractor. Altamira is owned by a ClearSky-led group that includes McNally Capital and Razor’s Edge Ventures.
Headquartered in Warrenton, VA, VaST provides end-to-end Tasking, Collection, Processing, Exploitation, and Dissemination (“TCPED”) mission coverage with the goal of increasing the efficacy of Signals Intelligence (“SIGINT”) missions for National Security customers. The Company uses its tip-of-the-spear SIGINT mission execution expertise to bridge the gap between operations and engineering disciplines within the Intelligence community.
Positioned at the forefront of Advanced SIGINT operations and capabilities, VaST delivers a superior TCPED process by informing key decision makers with trusted intelligence through a highly automated system, allowing for effective and efficient execution of customer missions. VaST’s model and operations continue to have an out-sized impact on new tradecraft, identifying emerging threats, defining new concepts of operation (“ConOps”), and implementing new capabilities through superior operations and engineering expertise
The combination of VaST with Altamira will further accelerate the combined entity’s SIGINT capabilities and adds depth to Altamira’s National Security customer portfolio.
We believe this transaction highlights several key trends in the defense M&A market:
• Companies with high-end capabilities in support of National Security missions remain attractive targets given budgetary trends and focus on addressing near-peer threats
• Buyers continue to place significant value on companies with deep customer intimacy and relationships across the Intelligence community
• Financial sponsors with focused industry expertise and investment strategies continue to be active acquirors, particularly for companies with deep subject matter expertise, established customer relationships, and a highly skilled and experienced employee base
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
KippsDeSanto & Co. is pleased to announce the sale of Virginia Systems and Technology Inc. (“VaST” or the “Company”) to Altamira Technologies Corporation, a McLean, VA based defense contractor. Altamira is owned by a ClearSky-led group that includes McNally Capital and Razor’s Edge Ventures.
Headquartered in Warrenton, VA, VaST provides end-to-end Tasking, Collection, Processing, Exploitation, and Dissemination (“TCPED”) mission coverage with the goal of increasing the efficacy of Signals Intelligence (“SIGINT”) missions for National Security customers. The Company uses its tip-of-the-spear SIGINT mission execution expertise to bridge the gap between operations and engineering disciplines within the Intelligence community.
Positioned at the forefront of Advanced SIGINT operations and capabilities, VaST delivers a superior TCPED process by informing key decision makers with trusted intelligence through a highly automated system, allowing for effective and efficient execution of customer missions. VaST’s model and operations continue to have an out-sized impact on new tradecraft, identifying emerging threats, defining new concepts of operation (“ConOps”), and implementing new capabilities through superior operations and engineering expertise
The combination of VaST with Altamira will further accelerate the combined entity’s SIGINT capabilities and adds depth to Altamira’s National Security customer portfolio.
We believe this transaction highlights several key trends in the defense M&A market:
• Companies with high-end capabilities in support of National Security missions remain attractive targets given budgetary trends and focus on addressing near-peer threats
• Buyers continue to place significant value on companies with deep customer intimacy and relationships across the Intelligence community
• Financial sponsors with focused industry expertise and investment strategies continue to be active acquirors, particularly for companies with deep subject matter expertise, established customer relationships, and a highly skilled and experienced employee base
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
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