M&A Deal Summary

SI International Acquires MATCOM International

On January 21, 2004, SI International acquired defense company MATCOM International from American Capital and DFW Capital Partners for 66M USD

Acquisition Highlights
  • This is SI International’s 1st transaction in the Defense sector.
  • This is SI International’s largest (disclosed) transaction.
  • This is SI International’s 1st transaction in the United States.
  • This is SI International’s 1st transaction in Virginia.

M&A Deal Summary

Date 2004-01-21
Target MATCOM International
Sector Defense
Buyer(s) SI International
Sellers(s) American Capital
DFW Capital Partners
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

MATCOM International

Alexandria, Virginia, United States
MATCOM International Corporation ('MATCOM')is a defense contractor and provider of IT and engineering services to various military and civilian agencies of the Federal Government, including the newly formed Department of Homeland Security.

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Buyer(S) 1

Buyer

SI International

Washington, District of Columbia, United States

Category Company
Sector Business Services
DESCRIPTION

SI International provided IT services, outsourcing, consulting, applications development and performance support to federal government agencies, especially in the areas of defense and intelligence.


DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 11 of 194
Sector (Defense) 1 of 2
Type (Add-on Acquisition) 4 of 87
State (Virginia) 1 of 9
Country (United States) 11 of 186
Year (2004) 2 of 7
Size (of disclosed) 51 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-06 3SI Security Systems

Malvern, Pennsylvania, United States

3SI Security Systems is a manufacturer and marketer of electronic security systems for cash protection. The company provides security solutions utilizing electronic activation of dye-based staining, smoke and tear gas to protect currency from bank robbers. 3SI’s solutions include currency degradation and GPS tracking solutions to protect cash and high-value assets in banks, safes and ATMs, jewelry, pharmaceuticals, consumer electronics, other retailers and law enforcement. 3SI's headquarters is in Malvern, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-22 Specialty Brands of America

Westbury, New York, United States

Specialty Brands is a packaged foods company with a portfolio of strong and differentiated brands. Specialty Brands’ largest brand is Bear Creek Country Kitchens. Bear Creek is the leading brand of hearty dry soups in the United States. Bear Creek also offers a line of savory pasta dishes and hearty rice dishes. Specialty Brands also offers Spring Tree, Cary’s and MacDonald’s pure maple syrups and pancake syrups, New York Flatbreads and Canoleo margarine.

Buy -
SELLER

DFW Capital Partners

New York, New Jersey, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DFW Capital Partners is a private equity firm that invests in high-growth middle-market service companies generating revenues up to $200 million. Specific service areas of interest include business services, industrial services, and healthcare services. Prospective transactions include growth capital financing, acquisition financing, management buyouts, and recapitalization. DFW will not invest in start-ups, real estate, or pure R&D companies. DFW Capital Partners was formed in 1983 and is based in Teaneck, New Jersey.


DEAL STATS #
Overall 5 of 26
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 3 of 13
State (Virginia) 1 of 1
Country (United States) 5 of 26
Year (2004) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-02 MATCOM International

Alexandria, Virginia, United States

MATCOM International Corporation ('MATCOM')is a defense contractor and provider of IT and engineering services to various military and civilian agencies of the Federal Government, including the newly formed Department of Homeland Security.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Sheridan Healthcare

Sunrise, Florida, United States

Sheridan Healthcare, Inc. is a multi-specialty physician practice management company that provides outsourced physician staffing services to hospitals and ambulatory surgery centers.

Sell -