Press Release
News
Read More
Recent Transactions
View Engagements
Slide 2

The McLean Group Welcomes Joshua Butler as a Director in its Defense, Government and Intelligence (DGI) Team

Josh Butler - The McLean GroupMCLEAN, VA – March 9, 2024 – The McLean Group, a middle-market investment bank providing strategic and financial advice on mergers and acquisitions, capital raising, and business valuations, announced today that Josh Butler will be joining its Defense, Government, and Intelligence (DGI) M&A team as a Director. In recent years, he has supported over $1 Billion in completed transactions in the Government, Defense and Intelligence sectors.

Mr. Butler brings over 10+ years of M&A and corporate finance experience working with entrepreneurs, private equity, and public company clients. His background includes serving as an advisor at a Big 4 accounting firm, a Vice President at a bulge bracket investment bank in New York, and most recently, as a Director at Baird in Tysons Corner. As a CPA and MBA, Josh has advised businesses in every phase of their business lifecycle, from providing guidance on valuation and assessing value drivers, to providing a clear vision on exit alternatives.

Regarding this new role, Mr. Butler shares, “In the continuously thriving environment of Defense, Government, and Intel M&A, 2024 maintains its strength, displaying resilient activity despite a slight deceleration from previous years. While deal levels have moderated since the remarkable highs of 2021, the sector retains its vitality, with noteworthy activity persisting in the first half of 2024. At The McLean Group, our robust platform and exceptional team enable me to provide clients with premier services, delivering tailored solutions that ensure optimal outcomes in this dynamic landscape.”

Mitch Martin, Managing Director at The McLean Group, commented on the addition of Josh to the team, stating, “We’re thrilled to announce the addition of Josh to our investment banking team. His impressive background in both the Intel and Government sectors, coupled with a stellar track record of accomplishments, positions him as an excellent complement to our already formidable team. Josh’s internal leadership and his extensive network within the community will undoubtedly benefit our team for years to come.”

Mr. Butler graduated summa cum laude with a Bachelor of Business Administration degree in Accounting from Howard University and received his MBA from the Johnson School at Cornell University. Josh, who is a travel and fitness enthusiast, lives in Arlington, VA, with his wife and 2-year-old son. They’re excitedly expecting a second child in October.

Mr. Butler may be reached at 703.827.0008 or jbutler@mcleanllc.com

About The McLean Group

For over 30 years, The McLean Group has been providing investment banking and financial services offerings focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, Maritime, Facility Services, Unmanned Systems, and Public Safety 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. Learn more at www.McLeanLLC.com.

RECENT NEWS

The Value of a QofE Beyond Standard EBITDA Normalizations

The Value of a QofE Beyond Standard EBITDA Normalizations

A Quality of Earnings review delivers value well beyond confirming normalized EBITDA.A Quality of Earnings review delivers value well beyond confirming normalized EBITDA. While standard adjustments address non-recurring items, a rigorous QofE examines revenue quality, customer concentration, working capital trends, and accounting policy risks that directly influence enterprise value and deal structure. For buyers, this analysis sharpens the basis for purchase price and surfaces integration risks before close. For sellers, a sell-side QofE strengthens credibility, accelerates diligence timelines, and reduces the likelihood of price chips late in the process. In middle market transactions, where financial reporting is often less formal, the depth of a QofE can be the difference between a clean close and a renegotiated deal. […]

read more
PCC Elections for Private Company Acquisitions: What PE Sponsors, Portfolio Company CFOs, and Their Advisors Need to Know Before Making the Call

PCC Elections for Private Company Acquisitions: What PE Sponsors, Portfolio Company CFOs, and Their Advisors Need to Know Before Making the Call

Private Company Council (PCC) accounting elections offer PE-backed companies a meaningful opportunity to reduce the scope and cost of purchase price allocation work, but the decision carries long-term implications that extend well beyond the close. Under ASU 2014-02, private companies may amortize goodwill on a straight-line basis over up to 10 years, eliminating the burden of annual impairment testing. Under ASU 2014-18, customer-related intangibles and noncompetition agreements may be subsumed into goodwill rather than separately recognized and valued. Together, these elections can streamline acquisition accounting and lower ongoing audit and compliance costs, but they also introduce restatement risk if the portfolio company later pursues an IPO or is acquired by a public buyer. For PE sponsors, the decision should be evaluated in the context of the fund’s exit thesis and applied consistently across portfolio companies. […]

read more
Revenue Looks Strong on Paper – But ASC 606 Compliance in Construction Tells a Different Story

Revenue Looks Strong on Paper – But ASC 606 Compliance in Construction Tells a Different Story

Revenue looks strong on paper – but ASC 606 compliance in construction tells a different story. In this case study, The McLean Group’s Financial Consulting and Transaction Due Diligence teams walk through a real construction services engagement where a project-level ASC 606 review surfaced a pattern of revenue recognition issues that materially changed the earnings picture. We examine the KPIs that matter most, including cost-to-complete accuracy, change order approval rates, and over and under billing trends, and explain why ASC 606 compliance deserves the same rigor in diligence as working capital analysis or debt-like items. […]

read more