Robert Miller, President of EverWatch said, “ACES provides us with a solid platform to further expand our intelligence analysis, Defense and Deployed Mission Support offerings. ACES employees have extensive experience in building prototype systems, guiding new development efforts, and a deep knowledge of signal analysis, all of which are at the core of EverWatch. This addition will undoubtedly bolster EverWatch’s growth in the federal space.”
Jeb Pair, ACES’s Founder and CEO said about the engagement, “The McLean Group team ran a thorough and highly effective process which allowed me and my team to focus on our core business. This enabled us to find a partner that was the right fit for our management team’s professional aspirations while complementing our firm’s cultural requirements. The McLean Group provided us with multiple opportunities that checked all of our requirements and we believe that we found a partner in EverWatch that positions ACES for years of success. The McLean Group truly served as a trusted advisor and provided senior level commitment at every step of the process.”
This transaction highlights several trends in the current Government Services M&A environment, including:
- The highly favorable budgetary environment continues to drive an extremely acquisitive Defense and Government Services market. Acquirers continue to search for acquisition partners whose capabilities align with federal spending priorities, specifically: Cyber Security, IT Modernization, and Cloud Computing.
- Private equity buyers continued to play an influential role in the market and accounted for 33 of the 63 ADG transactions tracked by the McLean Group in Q3 2018. In addition to Enlightenment Capital private equity firms such as Veritas Capital, AE Industrial Partners, Arlington Capital, and NewSpring Capital all completed acquisitions in the government services sector in Q3 2018.
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. Our 60+ professionals bring deep industry experience and relentless execution to every client engagement. We provide solutions that blend financial creativity with operational expertise. Whether we are providing transaction advisory, valuation opinions or growth capital, our services are unmatched in these core markets.