M&A Deal Summary

Capitol Meridian Partners Acquires Altumint

On April 1, 2022, private equity firm Capitol Meridian Partners acquired business services company Altumint

Acquisition Highlights
  • This is Capitol Meridian Partners’ 1st transaction in the Business Services sector.
  • This is Capitol Meridian Partners’ 1st transaction in the United States.
  • This is Capitol Meridian Partners’ 1st transaction in Maryland.

M&A Deal Summary

Date 2022-04-01
Target Altumint
Sector Business Services
Buyer(s) Capitol Meridian Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Altumint

Lanham, Maryland, United States
Altumint is a technology services company providing traffic safety and analytical solutions to state and local government customers. Altumint’s integrated technology offering combines proprietary artificial intelligence software along with secure private cloud and back-end services to provide turnkey solutions to government customers. Altumint was founded in 2019 and is based in Lanham, Maryland.

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Buyer(S) 1

DESCRIPTION

Capitol Meridian Partners is a private equity firm focused on companies in government and regulated sectors across North America. Specific sectors of interest include aerospace, defense, government services, and government software, technology, and communications. The Firm typically commits $50 to $250 million per transaction to support buyouts, growth financings, and carve-out situations. Prospective companies are typically profitable with EBITDA between $5 and $75 million. Capitol Meridian Partners was established in 2021 and is based in Washington DC.


DEAL STATS #
Overall 1 of 5
Sector: Business Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2022 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 LMI

Tysons, Virginia, United States

LMI is a consulting firm dedicated to improving the management of government. With more than 1,000 consultants, we design and implement solutions to some of the toughest problems facing government managers in logistics, information technology, and resource allocation. LMI is based in Tysons, Virginia.

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