M&A Deal Summary

Salient CRGT Acquires Information innovators

On February 6, 2017, Salient CRGT acquired information technology company Information innovators from DFW Capital Partners and Greyrock Capital Group

Acquisition Highlights
  • This is Salient CRGT’s 3rd transaction in the Information Technology sector.
  • This is Salient CRGT’s 3rd transaction in the United States.
  • This is Salient CRGT’s 1st transaction in Vermont.

M&A Deal Summary
Date 2017-02-06
Target Information innovators
Sector Information Technology
Buyer(s) Salient CRGT
Sellers(s) DFW Capital Partners
Greyrock Capital Group
Deal Type Add-on Acquisition
Advisor(s) KippsDeSanto & Co. (Financial)
Holland & Knight LLP (Legal)

Target

Information innovators

Springfield, Vermont, United States
website
Information innovators, Inc. is a provider of IT services and solutions to IT and health-focused clients across the federal government. It offer a range of services including program & project management, security & information assurance, systems design & integration, telecommunications consulting and enterprise architecture support.

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Buyer(S) 1

Buyer

Salient CRGT

Fairfax, Virginia, United States

website

Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

Salient CRGT’s diverse, hard-working team provides a wide range of technology and mission support services to U.S. federal government agencies. The company has earned the unwavering trust of customers, who cite deep expertise, exceptionally responsive approach, and high-value solutions for consistently ensuring their success. Founded in 1998, Salient CRGT is a privately held company headquartered in Fairfax, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 1 of 1
State (Vermont) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Salient Federal Solutions

Fairfax, Virginia, United States

Salient Federal Solutions, Inc. is a provider of technology and engineering services to government agencies, primarily within the intelligence community and the Department of Defense.

Buy -

Seller(S) 2

SELLER

DFW Capital Partners

New York, New Jersey, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DFW Capital Partners is a private equity firm that invests in high-growth middle-market service companies generating revenues up to $200 million. Specific service areas of interest include business services, industrial services, and healthcare services. Prospective transactions include growth capital financing, acquisition financing, management buyouts, and recapitalization. DFW will not invest in start-ups, real estate, or pure R&D companies. DFW Capital Partners was formed in 1983 and is based in Teaneck, New Jersey.

DEAL STATS #
Overall 16 of 24
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 8 of 11
State (Vermont) 1 of 1
Country (United States) 16 of 24
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Saol Therapeutics

Roswell, Georgia, United States

Saol Therapeutics is a privately held specialty pharmaceutical company focused on providing therapies to patients with rare diseases. Saol Therapeutics has a strategic emphasis on the neurology therapeutic area. Saol Therapeutics was founded in 2015 and is based in Roswell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 LRI Energy Solutions

Gambrills, Maryland, United States

LRI Energy Solutions LLC is a provider of lighting and water building efficiency services to government, institutional, and commercial customers. LRI Energy Solutions was founded in 1993 and is based in Gambrills, Maryland.

Sell -
SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.

DEAL STATS #
Overall 29 of 45
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 15 of 23
State (Vermont) 1 of 1
Country (United States) 29 of 45
Year (2017) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 PolyAd Services

Earth City, United States

PolyAd Services, Inc. is a developer and manufacturer of additive solutions for the global plastics market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Flowchem

Waller, Texas, United States

Flowchem is a global provider of drag-reducing agents, related support services and equipment to midstream crude oil and refined fuel pipeline operators. Drag reducing agents, also known as DRAs, are specialty chemicals injected into midstream pipelines to reduce friction near the pipeline walls and within the turbulent fluid flowing through the pipeline network. Flowchem was founded in 2001 and is based in Waller, Texas.

Sell $495M
Mergr

Product

Company

Legal