The McLean Group Advises ATI in its sale to ANSER from SCRA
MCLEAN, VA – February 2, 2017 – Advanced Technology International (ATI), was acquired by Falls Church, VA-based Analytic Services Inc. (ANSER) from the South Carolina Research Authority (SCRA). The McLean Group’s Aerospace, Defense & Government Services (ADG) practice served as the exclusive transaction advisor to ATI.
Created in 1998 to assist in SCRA’s long-term sustainability, ATI organizes and manages research and development collaborations for the US government supporting programs involving industries such as medical technologies, shipbuilding and ordnance and serves many Department of Defense agencies.
Founded in 1958, ANSER is a non-profit organization focused on providing solutions to the US government in addressing complex problems primarily regarding national security. ANSER gains approximately 165 employees—who will remain in Summerville, SC—bringing its total headcount to 515 and revenue growth increases to $500 million per annum.
“The alliance between ANSER and ATI creates an interesting partnership that links the application of innovation to a myriad of complex subject areas,” said Chris Van Metre, President and CEO of ATI. “The McLean Group provided invaluable advice and support to ATI’s Board of Directors in achieving this great outcome. ATI is honored to be part of the ANSER team, with whom we share an incredible sense of commitment to the nation, our clients and our employees.”
ABOUT THE MCLEAN GROUP
The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions and business valuations. The firm’s ADG team is one of the largest dedicated groups in the country and has deep transactional expertise in nearly every segment of the government market. Continuing its track record as a leading advisor to middle market companies in the ADG industry, The McLean Group and its principals have closed 68 transactions since 2010. The firm’s transaction advisory and valuation services reflect comprehensive industry knowledge, extensive transactional successes, commitment to providing senior-level attention to every client engagement, and real-time understanding of industry-specific valuation drivers.