THE MCLEAN GROUP CONGRATULATES SIMVENTIONS ON ITS ESOP BUYOUT
McLEAN, VA – August 17, 2020 – We congratulate our client, SimVentions, on becoming a 100% employee owned company. SimVentions explored a range of strategic alternatives and selected an employee stock ownership plan (ESOP) as the optimum transaction structure for the company and its employees. The McLean Group’s Defense & Government practice served as the exclusive transaction advisor to SimVentions.
Founded in 2000 and headquartered in Fredericksburg, VA, SimVentions is a provider of advanced, highly technical engineering solutions and services to the Department of Defense, with a focus on the Navy. The Company’s solutions combine unique operational and domain knowledge with significant technical expertise in the areas of systems engineering, software engineering, cybersecurity engineering, modeling and simulation, project management, and professional training. SimVentions’ entrenched relationship with the Navy, including its strategic presence at the Naval Surface Warfare Center Dahlgren Division (NSWCDD) and at the Naval Information Warfare Center (NIWC) Atlantic, positions the Company to capitalize on new, high-priority projects that have lasting requirements.
“Our corporate motto is Your Success Is Our Honor and we strive to not only live this out regarding our customers, but also regarding how SimVentions leadership cares for its employees; we see no better way to convey that to our employees than through the establishment of an ESOP.” – Larry Root, CEO of SimVentions
- Generally favorable reception from government customers;
- Strong employee retention and a powerful recruitment tool;
- Often less disruptive process than traditional M&A processes;
- Possible economic benefits from incorporating ESOP expenses in rate structure.
SimVentions views its ESOP transaction as a powerful tool for maintaining and growing its workforce. With five offices and over 300 employees in Virginia and Washington, DC, SimVentions is well positioned for future growth. SimVentions’ ESOP plan and transition team included: Hirschler Law, The McLean Group, Atlantic Union Bank, Argent Trust, and Blue Ridge ESOP Associates.
About The McLean Group
The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firm’s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
RECENT NEWS
Monthly Middle Market M&A Insider Report (November 2024)
The M&A Deal Landscape Continues to Roll: Download Our November M&A Insider Report! The McLean Group’s M&A team is thrilled to unveil the November edition of our M&A Insider Report! This month, we dive deep into post-election sentiment in DGI (Defense, Government & Intelligence) dealmaking. Our report leverages the latest data and expert analysis to examine recent high-value government contracts and M&A activity. We analyze how these developments are redefining the competitive landscape and creating new opportunities for investors. […]
Monthly Middle Market M&A Insider Report (October 2024)
The McLean Group’s M&A team is excited to share our October edition of the M&A Insider Report! This month, we delve into the evolving trends shaping dealmaking within the DGI space. As the dust settles from the recent presidential election, our report offers a fresh analysis of recent high-impact government contracts and M&A activity, revealing how they’re reshaping the competitive landscape. Gain valuable intelligence to navigate this dynamic market and make strategic investment decisions. The M&A Insider remains your trusted resource for staying ahead of the curve in the DGI sector. […]
McLean Advised Dignari on Sale to Ernst & Young (EY)
The McLean Group advises DIGNARI on its recent sale to Ernst & Young (EY). DIGNARI, which uses a data-driven strategy to advise U.S. government clients, boasts a 300+ strong workforce […]