M&A Deal Summary

PAE Acquires A-T Solutions

On May 7, 2015, PAE acquired defense company A-T Solutions from CI Capital Partners and CoVant Management

Acquisition Highlights
  • This is PAE’s 1st transaction in the Defense sector.
  • This is PAE’s 4th transaction in the United States.
  • This is PAE’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2015-05-07
Target A-T Solutions
Sector Defense
Buyer(s) PAE
Sellers(s) CI Capital Partners
CoVant Management
Deal Type Add-on Acquisition

Target

A-T Solutions

Vienna, Virginia, United States
A-T Solutions is a provider of national security and counter-terrorism services to the U.S. department of defense, state department, department of homeland security and the intelligence community.

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Buyer(S) 1

Buyer

PAE

Falls Church, Virginia, United States

Category Company
Founded 1955
Sector Defense
Employees20,000
Revenue 2.7B USD (2020)
DESCRIPTION

PAE is a provider of support for the essential missions of the U.S. government, its allied partners, and international organizations. With over 60 years of experience, the company supports the execution of complex and critical missions by providing global logistics and stability operations, technical services and national security solutions to customers around the world. PAE was formed in 1955 and is based in Falls Church, Virginia.


DEAL STATS #
Overall 4 of 6
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Virginia) 2 of 4
Country (United States) 4 of 6
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-16 Global Security and Solutions

Arlington, Virginia, United States

Global Security and Solutions (GS&S) providing mission support services and has earned a reputation among its customers for dependable and critical mission support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 FCi Federal

Leesburg, Virginia, United States

FCi Federal, Inc. is a provider of an essential services for immigration and national security including adjudication support, eligibility verification and business process outsourcing services for federal government customers.

Buy -

Seller(S) 2

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 11 of 27
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Virginia) 2 of 2
Country (United States) 9 of 24
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Maroon Group

Avon, Ohio, United States

Maroon Group is a distributor of specialty chemicals (CASE and HI&I) and life science ingredients across North America. Founded in 1977 and based in Avon, Ohio, Maroon Group has a common infrastructure of industry-leading technology, value-added services, global sourcing and logistics network, and a commitment to Creating Customer Success.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Interactive Health Solutions

Schaumburg, Illinois, United States

Interactive Health Solutions (IHS) is a provider of comprehensive corporate health management and preventive wellness programs. Its services and tools use biometric data and a health risk assessment to evaluate employees’ personal health levels and develop customized programs with specific improvement goals for individual employees. Interactive Health Solutions was founded in 1992 and is based in Schaumburg, Illinois.

Sell -
DESCRIPTION

CoVant is a private investment group that generally looks to partner with management and other sponsors to pursue divestitures and buyout opportunities across the US. The Firm was formed in 2007 and is headquartered in McLean, Virginia.


DEAL STATS #
Overall 2 of 4
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Virginia) 2 of 3
Country (United States) 2 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 LGS Innovations

Herndon, Virginia, United States

LGS Innovations LLC is a technology company delivering mission-critical communications products, R&D, and supporting services to U.S. defense, intelligence, and civilian agencies and commercial customers around the world. We create advanced solutions in wireless communications, signals processing, and analysis, optical networking, photonics, routing and switching, and spectrum management. These solutions drive mission success in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR), cyberspace operations, and network assurance. LGS Innovations is headquartered in Herndon, Virginia, with offices across the U.S. and overseas.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 LinQuest

Los Angeles, California, United States

LinQuest provides U.S. defense and intelligence communities with space systems technology solutions, including large-scale systems engineering & integration, software and cyber systems development, complex systems modeling & simulation, data analytics, and turnkey mission solutions. LinQuest was founded in 2004 and is based in Los Angeles, California.

Buy -