Transactions
February 21 2012
KippsDeSanto & Co. Advises Whitney, Bradley & Brown, Inc. on its Merger with NetStar-1, a portfolio company of Lake Capital
KippsDeSanto & Co. is pleased to send you the attached press release announcing the merger of our client, Whitney, Bradley & Brown, Inc. (“WBB”), with NetStar-1, a portfolio company of Lake Capital. WBB and NetStar-1 combined business operations to form a premier management consulting services firm with substantial scale and reach within the federal government. The transaction closed on February 21, 2012.
Headquartered in Reston, VA, WBB is a management consulting and technical services firm that acts as a trusted and long-term advisor of choice for the Department of Defense, federal civilian agencies, and defense-related commercial companies. WBB has an established reputation for providing tailored solutions that address sophisticated government challenges and help priority security agencies achieve mission success.
The merger of WBB and NetStar-1 allows the combined company (operating under the WBB brand name) to become a leading service provider to the federal government and offers the ability to aggressively grow and strengthen its position on existing contracts and future opportunities. The combined company has over $130 million of revenue and 500 employees, with the past performance and newly acquired depth, breadth, and resources to provide high quality services and solutions to a range of clients across the federal government.
The transaction demonstrates several key trends in the government services M&A environment:
• Premier providers of distinguished solutions are in high demand as the overall shift in the budget and funding enviroment results in a need for expert solutions and advice
• Private equity firms continue to be active in the government services space, looking for strategic opportunities
• Leveraged finance for government services transactions remains accessible
• Consolidation of the government services industry continues to occur, as firms look to restructure and reposition within critical government areas and customers
LEAD INVESTMENT BANKERS
Bob Kipps
Jon Yim
KippsDeSanto & Co. is pleased to send you the attached press release announcing the merger of our client, Whitney, Bradley & Brown, Inc. (“WBB”), with NetStar-1, a portfolio company of Lake Capital. WBB and NetStar-1 combined business operations to form a premier management consulting services firm with substantial scale and reach within the federal government. The transaction closed on February 21, 2012.
Headquartered in Reston, VA, WBB is a management consulting and technical services firm that acts as a trusted and long-term advisor of choice for the Department of Defense, federal civilian agencies, and defense-related commercial companies. WBB has an established reputation for providing tailored solutions that address sophisticated government challenges and help priority security agencies achieve mission success.
The merger of WBB and NetStar-1 allows the combined company (operating under the WBB brand name) to become a leading service provider to the federal government and offers the ability to aggressively grow and strengthen its position on existing contracts and future opportunities. The combined company has over $130 million of revenue and 500 employees, with the past performance and newly acquired depth, breadth, and resources to provide high quality services and solutions to a range of clients across the federal government.
The transaction demonstrates several key trends in the government services M&A environment:
• Premier providers of distinguished solutions are in high demand as the overall shift in the budget and funding enviroment results in a need for expert solutions and advice
• Private equity firms continue to be active in the government services space, looking for strategic opportunities
• Leveraged finance for government services transactions remains accessible
• Consolidation of the government services industry continues to occur, as firms look to restructure and reposition within critical government areas and customers
LEAD INVESTMENT BANKERS
Bob Kipps
Jon Yim
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