The McLean Group Advises GovSource on its Sale to IDS International
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.”
“Despite the global pandemic and resulting shutdowns, this engagement reinforces the notion that well-positioned government contractors with very focused service offerings remain in high demand,” said Mitch Martin, Managing Director, The McLean Group. “As a result of the highly fragmented nature of the training and special operations markets, companies that exhibit unique discriminators, such as GSI, can attract the interest of a number of buyer types and financing sources.”
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.
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.
Monthly Middle Market M&A Insider Report (Feb 2023)
Our Mergers and Acquisitions team at The McLean Group has recently completed its monthly “M&A Insider Report” for February, in which we analyze transactions in the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Marine sectors. […]
2022 Middle Market M&A Year in Review
The McLean Group has published our 2022 M&A Year in Review, where we examine recent M&A activity in the Defense & Government Services, Security, Critical Infrastructure, and Marine Sectors. See the latest M&A activity for these sectors. […]
(Mergers&Acquisitions) Incline-Backed AquaPhoenix Purchases Chemetrics
AquaPhoenix Scientific LLC, a manufacturing company focused on water testing kits and a portfolio company of Incline Equity Partners, has purchased Chemetrics Inc., a manufacturer of water analysis test kits and instrumentation using self-filling reagent ampoules for efficiency and safety.