The McLean Group Advises Phacil on its Sale to By Light

MCLEAN, VA – March 25, 2019  – The McLean Group, a leading investment bank specializing in M&A advisory services, announces that it advised Phacil Inc. on its sale to By Light Professional IT Services, a portfolio company of Sagewind Capital.  Phacil is a diversified software, cybersecurity, systems engineering and managed services provider to the US Government. The transaction was led by Greg Nossaman and Greg Woodford of The McLean Group’s Aerospace, Defense & Government Services (ADG) practice.

“We are incredibly honored to have had the opportunity to represent Phacil and its leadership team on this transaction. This marks our second engagement with Phacil, having advised the company on its 2016 sale to an employee stock ownership plan (ESOP),” said Greg Nossaman, a senior managing director at The McLean Group.  “The Phacil team executed upon a disciplined strategy to position the company for long-term success following its ESOP transaction. This process validated those efforts and creates a wonderful opportunity for the business to continue its success in partnership with By Light.”

“Phacil represents an exceptional platform in the government services market and has found great partners in By Light and Sagewind,” added Greg Woodford, a senior managing director at The McLean Group.  “We look forward to following their combined successes as they continue to scale the business and support mission-critical needs of the federal government.”

“The McLean Group has been a trusted and valued partner to Phacil for several years,” said Tom Shoemaker, CEO of Phacil.  “They have provided consistent support to us, starting with the ESOP formation, continuing with strategic advisory services, and culminating in a sale to By Light that represents an exceptional outcome for the company.  They managed a highly disciplined process that enabled us to select what we know to be the right fit for our employees, customers, and stakeholders.”

Founded in 2001, Phacil is a leading provider of mission-focused, results-driven technology solutions to the federal government.  The Company has delivered mission-critical IT services, including the modernization and assessment of IT systems, networks, and data centers; the implementation of cloud and other managed services to support web applications, infrastructure, and project management; cybersecurity threat identification, vulnerability testing and systems monitoring; and the development and implementation of cloud and other software solutions to assist with data migration, server hosting, web portals, and service desk support for federal defense, homeland security & law enforcement, and civilian agencies.

By Light is a leading provider of IT, cloud, cyber and infrastructure solutions to the US Federal Government. The Company provides services primarily to the Department of Defense, Veterans Affairs, Defense Information Systems Agency, and the Intelligence Community. By Light’s acquisition of Phacil is the Company’s second since it was acquired by Sagewind Capital in 2017.

ABOUT THE MCLEAN GROUP

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 firm’s ADG team is one of the largest dedicated groups in the country and has deep transactional expertise in nearly every segment of the government market. Continuing its track record as a leading advisor to middle market companies in the ADG industry, the McLean Group and its principals have closed 81 transactions since 2010. The firm’s transaction advisory and valuation services reflect comprehensive industry knowledge, extensive transactional successes, commitment to providing senior-level attention to every client engagement, and real-time understanding of industry-specific valuation drivers.

Phacil acquired by ByLight a Sagewind Portfolio Company
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