M&A Deal Summary

Lake Capital Acquires Whitney Bradley & Brown

On February 17, 2012, private equity firm Lake Capital acquired business services company Whitney Bradley & Brown

Acquisition Highlights
  • This is Lake Capital’s 12th transaction in the Business Services sector.
  • This is Lake Capital’s 30th transaction in the United States.
  • This is Lake Capital’s 1st transaction in Virginia.
Investment Fate
  • Whitney Bradley & Brown was sold to a consortium of financial buyers in 2017.
  • Whitney Bradley & Brown was sold to a strategic buyer in 2021 for 295M USD.
  • Whitney Bradley & Brown was sold to a publicly-traded strategic buyer in 2021 for 295M USD.

M&A Deal Summary

Date 2012-02-17
Target Whitney Bradley & Brown
Sector Business Services
Buyer(s) Lake Capital
Deal Type Consolidation

Target

Whitney Bradley & Brown

Reston, Virginia, United States
Whitney, Bradley & Brown is a provider of management consulting services to U.S. federal agencies, including the Department of Defense, Department of Homeland Security, Veterans Health Administration, Department of Justice, Office of Personnel Management and a number of government-related contractors in the private sector. WBB offers a full-suite of management consulting services, including CONOPs, requirements, organizational development, acquisition, technical, program management and financial management consulting services. Whitney, Bradley & Brown was formed in 1981 and is based in Reston, Virginia.

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Buyer(S) 1

Buyer

Lake Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lake Capital is a private equity firm that targets a limited number of middle-market, service-based companies. The firm typically allocates $50 to $75 million equity to each portfolio company initiative. However, with seller financing, third-party debt, and co-investment opportunities, significant capital (in addition to the initial equity allocation) is available to each initiative. The service-based businesses the firm pursues include marketing services, finance-related services, specialty services, healthcare services, consumer services, technology services, business process outsourcing services, and marketing services. The firm is typically interested in buyout, partnership and start-up opportunities. Lake Capital was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 31 of 34
Sector: Business Services M&A 12 of 12
Type: Consolidation M&A Deals 2 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 30 of 32
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-17 Netstar-1

Rockville, Maryland, United States

NetStar-1 is a growing business consulting firm providing management consulting and information technology based solutions to government clients. The core of our management consulting practice is proven program management and business financial management methodologies and expertise.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-13 Nth Degree

Duluth, Georgia, United States

Nth Degree is a provider of exhibit management and event services. The company provides specialized installation and dismantle services for trade shows and also serves as an experiential marketing and management agency. Nth Degree was founded in 1979 and is based in Duluth, Georgia.

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