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Brimtek Aquired by Digital Barriers
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The McLean Group is pleased to announce that we provided advisory services on this completed engagement.

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Brimtek Aquired by Digital Barriers

MCLEAN, VA – March 3, 2016 – Digital Barriers plc (AIM:DGB) acquired Brimtek, Inc. for an aggregate consideration of up to $45 million. The transaction was signed and announced December 10, 2015, and closed March 2, 2016 after the successful completion of CFIUS review. The McLean Group’s Defense, Government Services and Intelligence (DGI) practice served as the exclusive transaction advisor to Brimtek.

Ashburn, VA-based Brimtek, is a provider of state-of-the-art technical surveillance solutions to the US defense, homeland security, federal law enforcement and intelligence communities. Brimtek’s products and solutions are designed to operate in the most demanding and hostile environments and include intelligence, surveillance, reconnaissance (ISR), data collection and processing, and secure communications. The company offers an end-to-end capability for its clients, from concept design to engineering, manufacturing, integration, delivery, training and ongoing solution support. Acquiring Brimtek enhances UK-based Digital Barriers’ organic growth in the region and offers significant sales synergies in the US.

Brimtek’s acquisition demonstrates several important trends in the current government technology M&A market:

  • Buyers continue to place premium valuations on companies with differentiated ISR products and solutions. Brimtek develops its own proprietary, customizable surveillance products, packaged with third party hardware and software to deliver a robust “plug and play” integrated surveillance system. Approximately 85 percent of Brimtek’s revenue is generated from Brimtek engineered product variants, which are only available from the Company.
  • Companies that exhibit above-market organic growth drive broad interest from multiple categories of buyers and investors. Brimtek is growing rapidly due to the Company’s unique blend of specialized capabilities in ISR technologies, customer intimacy, and contract vehicles. The Company has grown revenue at a tremendous rate over the past two years and anticipates continued double digit growth.
  • Strategic full and open, prime contracts are highly coveted by buyers. Brimtek holds several highly desirable prime, full and open positions on multi-billion dollar contract vehicles, which provides significant additional growth potential.

Brimtek will become the US Government Services division of Digital Barriers.

ABOUT THE MCLEAN GROUP

The McLean Group 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. The firm’s 60+ professionals bring deep industry experience and relentless execution to every client engagement. TMG provides solutions that blend financial creativity with operational expertise. Whether The Firm is providing transaction advisory, valuation opinions or growth capital, its services are unmatched in these core markets.

Brimtek Aquired by Digital Barriers
The McLean Group