M&A Deal Summary

CIS Secure Acquires Intrepid Solutions and Services

On August 3, 2022, CIS Secure acquired information technology company Intrepid Solutions and Services from Bluestone Investment Partners and Route 2 Capital Partners

Acquisition Highlights
  • This is CIS Secure’s 1st transaction in the Information Technology sector.
  • This is CIS Secure’s 1st transaction in the United States.
  • This is CIS Secure’s 1st transaction in Virginia.

M&A Deal Summary

Date 2022-08-03
Target Intrepid Solutions and Services
Sector Information Technology
Buyer(s) CIS Secure
Sellers(s) Bluestone Investment Partners
Route 2 Capital Partners
Deal Type Merger

Target

Intrepid Solutions and Services

Herndon, Virginia, United States
Intrepid Solutions and Services is a provider of enterprise IT, data analysis, and operational training services exclusively to customers in the U.S. Intrepid Solutions and Services was founded in 2008 and is based in Herndon, Virginia.

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Buyer(S) 1

Buyer

CIS Secure

Ashburn, Virginia, United States

Category Company
Founded 1992
Sector Technology Hardware
DESCRIPTION

CIS Secure is a provider of secure communications equipment and computing solutions for a wide range of U.S. government customers. CIS is focused on modifying Commercial-off-the-Shelf (“COTS”) communications and network equipment to support stringent government requirements to protect sensitive and classified information from illicit capture or manipulation. CIS Secure was founded in 1992 and is based in Ashburn, Virginia.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 2

SELLER

Bluestone Investment Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bluestone Investment Partners is a private equity firm focused on the defense and government services sectors. The Firm looks to identify mid-sized opportunities where it can assist with growth initiatives, strategy, and identify add-ons. Bluestone Investment was established in 2018 and is based in McLean, Virginia.


DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 2
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 cBEYONData

Lorton, United States

cBEYONData is a professional services and solutions company specializing in supporting mission-driven agencies and organizations with the enhancement and automation of business processes, cloud migrations and enablement, business intelligence, data management and warehouses, data analytics, and agile project and process management. cBEYONData is based in Lorton, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Axim Geospatial

Sun Prairie, Wisconsin, United States

Axim Geospatial is a geospatial data analytics provider to Defense, intelligence, federal, and state government agencies, and commercial customers. Axim Geospatial is based in Sun Prairie, Wisconsin.

Sell -
SELLER

Route 2 Capital Partners

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2016
PE ASSETS 206M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Route 2 Capital Partners is a private investment firm that provides flexible financing solutions in the form of equity and mezzanine capital. The Firm looks to commit $3 to $20 million per transaction to support acquisitions, buyouts, growth capital, recapitalizations, and shareholder liquidity needs. Route 2 prefers investing in profitable companies (> $2 million of EBITDA) located in the Southern US. Sectors of interest include business services, healthcare services, niche manufacturing, and specialty distribution. Route 2 Capital Partners was formed in 2016 and is headquartered in Charleston, South Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 National Electronic Alloys

Oakland, New Jersey, United States

National Electronic Alloys is a full-service operation equipped with a large fleet of state-of-the-art precision slitting, shearing and saw cutting machinery. National Electronic Alloys was founded in 1991 and is based in Oakland, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 SPG

Atlanta, Georgia, United States

SPG manufactures and supplies commercial-grade, steel, stainless steel, and aluminum materials handling and storage products used in a variety of end-markets including industrial distribution, food service, and grocery and convenience stores. It primarily sells to the domestic locations of leading industrial distributors, quick-service restaurant brands and franchisees, big box retailers, and convenience stores, working directly with customers to engineer custom storage and material handling solutions. SPG was founded in 2010 and is based in Atlanta, Georgia.

Buy -