Corbin Company Acquired by Fulcrum IT Services, LLC
McLean, VA – October 31, 2012 – The McLean Group today announced that it acted as the exclusive mergers and acquisitions (M&A) advisor to Corbin Company (Corbin) in its sale to Fulcrum IT Services, LLC (Fulcrum IT), a Boyne Capital and Grindstone Partners, LLC portfolio company. Financial terms of the deal were not disclosed.
Headquartered in Alexandria, VA, Corbin is an Information Technology (IT) services and Management Consulting firm with expertise in Intelligence Community IT, Military healthcare, and Army sensor development. Corbin is well established within Army INSCOM and the Army Night Vision Electronic Services Directorate (NVESD) with prime positions on the INSCOM Omnibus III IDIQ contract and the Warrior Enabling Broad Sensor Services (WEBS) IDIQ contract.
Fulcrum IT is an Information Technology systems and services company serving Federal defense and civilian agencies and headquartered in Manassas, VA.
Fulcrum IT CEO Jeff Handy said, “The additional offerings in healthcare and HR broaden our potential client base into two very important markets. Additionally, the engineering services such as those provided to the Army’s Research, Development and Engineering Command bolster our existing innovative technology solutions that can deliver break-through technologies for the next generation warfighter.”
Corbin CEO Mark Robin stated, “The McLean Group guided us through this process and enabled us to find the right partner to match our culture, complement our service offerings, and capitalize on our portfolio of clients. They provided valuable insight and input at each key decision point.”
The McLean Group’s Aerospace, Defense & Government (ADG) practice advised on the transaction. This transaction adds to The McLean Group’s record of successful federal contracting advisory assignments.
ABOUT THE MCLEAN GROUP
The McLean Group is an investment bank providing mergers and acquisitions (M&A), business valuation and strategic consulting services to middle market businesses. Headquartered in Washington, DC’s technology, communications and government contracting corridor, it is among the largest independent middle market investment banks in the nation. The McLean Group serves domestic and international clients and has a broad resume of successfully consummated financial transactions.