M&A Deal Summary

Cherokee Nation Businesses Acquires Criterion Systems

On March 1, 2023, Cherokee Nation Businesses acquired information technology company Criterion Systems

Acquisition Highlights
  • This is Cherokee Nation Businesses’ 1st transaction in the Information Technology sector.
  • This is Cherokee Nation Businesses’ 3rd transaction in the United States.
  • This is Cherokee Nation Businesses’ 1st transaction in Virginia.

M&A Deal Summary

Date 2023-03-01
Target Criterion Systems
Sector Information Technology
Buyer(s) Cherokee Nation Businesses
Deal Type Add-on Acquisition

Target

Criterion Systems

Vienna, Virginia, United States
Criterion Systems is a systems integrator and cyber operations-focused company. Criterion has provided cybersecurity, cloud/data center management, IT infrastructure operations, and systems engineering for our nation’s mission-critical environments across the Federal Government. For these agencies, we provide classified network and information-security operations, cyber defense and Risk Management Framework (RMF) services, and advanced data analytics. Criterion Systems was founded in 2005 and is based in Vienna, Virginia.

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Buyer(S) 1

Buyer

Cherokee Nation Businesses

Catoosa, Oklahoma, United States

Category Company
Founded 2004
Sector Business Services
Employees9,000
DESCRIPTION

Cherokee Nation Businesses is the economic engine of the Cherokee Nation, the largest Indian Nation in the United States. The Cherokee Nation and its businesses employ more than 9,000 people.


DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Gold Strike

Tunica Resorts, Mississippi, United States

Gold Strike offers 1,133 stylish rooms and suites, dining, nightlife, and an integrated gaming experience with a 50,000-square-foot gaming area with 1,100 slot machines, and 61 table games. Gold Strike Tunica is based in Tunica Resorts, Mississippi.

Buy $450M