IDS International Acquires GovSource

McLean, Va. – February 24, 2020 – IDS International, a security government services firm, announced today it has acquired GovSource (GSI), a leader in elite military and law enforcement training to the US Government and partner nations. Additionally, IDS International announced its acquisition of DECO, a global training and specialized technical services company. The combination of these three businesses creates a global company with a broad range of services and a leader in international military training. The GovSource, Inc. (GSI) acquisition by IDS Intenrational was led by Mitch Martin and Andy Smith of The McLean Group’s Defense, Government & Intelligence (DGI) practice. Terms of the transaction were not disclosed.

IDS President and Chief Executive Officer, Nick Dowling said: "By combining IDS, DECO, and GovSource, we are merging three companies with distinct strengths and mature customer relationships to address the world's most complex and mission-critical programs. The benefits to all three firms are considerable, and IDS is now a fully integrated government services firm that is positioned to win larger, more complex contracts."

In discussing the transactions, IDS Senior Vice President and Chief Financial Officer, Oron Strauss said: "As we reviewed potential acquisition candidates, it was clear that there was no better fit for IDS than DECO and GovSource. We've known GovSource and DECO for a number of years and both have built outstanding reputations. They were doing well on their own, but now will have the ability to cross-over and diversify contracts to bid on and embed great technology solutions into client programs."

Andy Smith, Managing Director of The McLean Group, added: “In this engagement, we conducted a highly focused outreach of key strategic and financial players to create a competitive process. Early on it became clear that IDS International would meet all the requirements laid out by stakeholders - they bring a great corporate culture, demonstrated growth in the sector, and possess a passionate management team who will ensure future success.”

GovSource, headquartered in Reston, Virginia, is a leader in providing military and law enforcement training services to the federal government and allied countries. It delivers military training services from highly-experienced instructors, who have served in some of the most elite military units in the world. Over its 14-year history, the Company has cultivated long-standing relationships with key customers to provide high-end special operations support and training.

ABOUT IDS INTERNATIONAL GOVERNMENT SERVICES LLC

Headquartered in Arlington Virginia, IDS International brings multidisciplinary expertise and an innovative culture to address the national security challenges of the 21st century. IDS is a team of leading experts and field practitioners experienced in conflict, training, engineering, technology, and innovation. Our success is built upon expertise, strong customer relationships, and a passion for creating and delivering quality solutions. Visit www.idsinternational.com.

The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions, debt and equity recapitalizations, ESOPs, and business valuations. The M&A Group is organized around four verticals: Defense, Government & Intelligence, Critical Infrastructure, Physical & Cyber Security, and Maritime Transport & Facilities. The McLean Group applies comprehensive industry knowledge, extensive transactional expertise, a real-time understanding of industry-specific valuation drivers, and senior-level attention to every client engagement it undertakes.