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News And Reports
Welcome to the The McLean Group knowledge base of reports, articles and survey results where we analyze the latest trends in the market place to provide a comprehensive review of the middle market challenges and opportunities.
Arlington Capital Partners Backed Eqlipse Technologies Acquires CollabraSpace
The McLean Group is pleased to announce that it advised Advises CollabraSpace on its sale to Eqlipse Technologies a portfolio company of Arlington Capital Partners. CollabraSpace is a leader in providing real-time collaboration and enterprise software development solutions to both government and private industry. […]
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.
Incline-Backed AquaPhoenix Purchases Chemetrics
The McLean Group is pleased to announce that it advised CHEMetrics on its acquisition by AquaPhoenix Scientific LLC, a portfolio company of Incline Equity Partners. Chemetrics is a leading manufacturer of water analysis test kits and instrumentation using self-filling reagent ampoules for efficiency and safety. […]
Accelerate Investor Conference
The Accelerate Investor Conference is designed to ignite our region’s innovation, startup, and investor ecosystems and spur them to a new level. It showcase Virginia, Maryland, and DC as a prime destination for business development, venture investment, and job creation.
Defense Tech Panel discussion featuring Paul P. Peou of The McLean Group, John Dvorak of Red Hat, Tom P. of PANGIAM, Andrew Twomey of ManTech and moderated by Jerry McGinn, Ph.D. of George Mason University – School of Business! Looking forward to the rest of the conference.
To Sign Up: https://www.accelerate2022.org/
Webinar – Benchmarking GovCon Trends In A Dynamic Market
The McLean Group will be presenting at the Annual Controller Forum. Kicking off the session The McLean Group’s Valuation and M&A team will be discussing the results of its proprietary benchmarking study of Middle Market M&A deal activity in the government services industry. After the kickoff The McLean Group’s team will be joined by Harrison Mullin of Tokarz Group Advisers and Eric Working of Bluestone Investment Partners as they discussing current market dynamics and deal terms. We hope you all can attend.
To Sign Up: https://www.eventbrite.com/e/controller-forum-cpe-webinar-series-sept-29th-nov-3rd-tickets-399620013217
Thanks to our great sponsors: Wells Fargo, Unanet, Payroll Networks and Cordia Partners
2022 Water, Wastewater and Environmental M&A Year in Review
The 2022 Water, Wastewater & Environmental “M&A Year in Review” report by The McLean Group is now available for review, where our team analyzes recent mergers and acquisitions in the global water sector. Gain insight into the latest M&A trends for these industries by accessing the report. […]
(Washington Business Journal) Reston’s Counter Threat Solutions teams with cybersecurity firm SilverEdge
The fast-growing cybersecurity firm SilverEdge Government Solutions is bringing another Northern Virginia government contractor into its fold.
SilverEdge, based in Columbia, Maryland, announced Monday that it has acquired Counter Threat Solutions LLC, a Reston firm that provides technology solutions to U.S. intelligence agencies.
(Washington Technology) SilverEdge buys identity intelligence, ServiceNow specialist
SilverEdge Government Solutions has announced its second completed acquisition in as many weeks to continue that company’s push into technology areas of interest for intelligence agencies.
This latest purchase involves Counter Threat Solutions, a provider of counterintelligence analysis and identity intelligence services and solutions including those centered around the ServiceNow workflow software platform. Terms were not disclosed.
Godspeed Capital-Backed SilverEdge Partners with Counter Threat Solutions
The McLean Group is pleased to announce that it advised Counter Threat Solutions on its partnership with SilverEdge, a portfolio company of Godspeed Capital. CTS is a leading technology services and solutions company providing mission-focused subject matter experts in all source and counterintelligence analysis, enterprise IT and data management, and identity intelligence services to the U.S. intelligence and defense communities. […]
(Mergers & Acquisitions) Godspeed Capital-Backed SilverEdge Buys CTS
SilverEdge Government Solutions, a cybersecurity, software and intelligence services company serving the U.S. defense and intelligence communities and backed by Godspeed Capital Management, has bought Counter Threat Solutions, a provider of source and counterintelligence analysis, identity intelligence and enterprise IT and data management services.
3rd Quarter 2022 M&A Market Update
The McLean Group has published our Q3 2022 M&A Insider Report, 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. […]
Webinar – Annual Valuation Controller Forum
You are invited to attend our Annual Business Valuation Controller Forum CPE Webinar Series. Up to 12 CPE credit hours available, including 2 hours of VA Ethics. Select which sessions you would like to attend or join us for the full 6-week webinar series.
Nov. 3, 8:00 am – 10:00 am: Business Valuation and Merger & Acquisition Panel – Presented by The McLean Group (2 CPE Hours)
(Washington Technology) Batsakis, Speigel make their third deal and launch new brand
With the acquisition of Groundswell, they have created a new mid-tier company of the same name that integrates their two previous deals and sets the stage for more.
In just over seven months, George Batsakis and Jerad Speigel have gone from an initial partnership and private equity backer to closing three acquisitions and creating a new middle market player.
With the third transaction announced Tuesday, they have changed the name of their company from CollabraLink to Groundswell.
CollabraLink Acquires Groundswell Consulting Group
The McLean Group is pleased to announce that it advised Groundswell Consulting Group on its sale to CollabraLink, a portfolio company of Washington Harbour Partners. Groundswell is a leading provider of Appian development and integration services to US federal agencies. […]
2nd Quarter 2022 M&A Market Update
The McLean Group has published our Q2 2022 M&A Insider Report, 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. […]
Ovivo Inc. Acquires Wastech Controls & Engineering
The McLean Group is pleased to announce that it advised Wastech Controls & Engineering (“Wastech”) on its sale to Ovivo Inc. (“Ovivo”). Wastech specializes in turn-key packaged systems for industrial wastewater treatment applications for numerous industrial markets. […]
CECO Environmental Acquires Compass Water Solutions
The McLean Group is pleased to announce that it advised Compass Water Solutions (“Compass”) on its sale to CECO Environmental (Nasdaq: CECE). Compass is a leading global supplier of membrane-based, industrial water and wastewater treatment systems that help customers achieve regulatory compliance of water discharge at the lowest lifecycle cost. […]
McLean Group’s Summer M&A Speakers Series
The McLean Group is pleased to announce the 2022 Summer M&A Speakers Series starting on May 12th. This five session speakers series will provide a forum for ideas and discussion relevant to investors and c-suite executives in the Defense, Government & Intelligence (DGI), Security, and Critical Infrastructure markets.
1st Quarter 2022 M&A Market Update
The McLean Group has published our Q1 2022 M&A Insider Report, 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. […]
(GovConWire) Bluestone’s Portfolio Company cBEYONData Buys Alta Via Consulting; Dyson Richards Quoted
GovConWire – Professional services firm cBEYONData has acquired Alta Via Consulting for an undisclosed sum to establish a combined entity that will provide enterprise resource planning, financial and data analytics platforms and services to federal government customers.
The combined firm will operate with over 240 employees that are focused on delivering business intelligence, ERP design and architecture, robotic process automation, financial management and cloud migration support to the U.S. Army, General Services Administration, Department of Justice and other federal clients, cBEYONData said Wednesday. […]
(MERGERS&ACQUISITIONS) cBEYONData Acquires Alta Via Consulting
MERGERS&ACQUISTIONS – CBYONData, a portfolio company of Bluestone Investment Partners, has acquired Alta Via Consulting, a provider of ERP consulting services. Alta Via is an advisory firm providing expertise in guiding, executing, and sustaining business transformation. The firm’s experts aim to improve clients’ operations by maximizing value from existing business processes and information services or by redesigning operations and leveraging improved technology. […]
(Washington Technology) CBEYONData purchases business system consultancy
Washington Technology – CBEYONData, a cloud migration and business intelligence-focused company, has made an acquisition that eyes growth in consulting work to support federal agencies’ business processes and information systems. This transaction sees CBEYONData purchase Alta Via Consulting, which provides enterprise resource planning system development services centered around platforms built by SAP. No terms were disclosed, but CBEYONData said Tuesday that the combined entity will have around 240 employees. […]
cBEYONData Acquires Alta Via Consulting
The McLean Group advises Alta Via Consulting on its sale to cBEYONData a Bluestone Investment Partners company to create a leading provider of financial, ERP and data analytics to the Federal Government. The combined firm will deliver ERP architecture and design, business intelligence, financial management, cloud migration and robotic process automation solutions. The firm’s clients include the U.S. Army, the Department of Justice, and the General Services Administration, among others. […]
Jeremy Migden Joins The McLean Group
The McLean Group welcomes Jeremy Migden as its newest member of its Defense, Government and Intelligence (DGI) M&A Practice. Mr. Migden has nearly 20 years of experience in the DGI sector, having held a variety of stakeholder positions. He has served as a manager in the U.S. Intelligence Community and spent over ten years in the national security sector of the U.S. Government, including multiple postings abroad. Additionally, Mr. Migden has held investment banking as well as financial planning & analysis (FP&A) government contractor roles. […]
2021 M&A Year In Review
The McLean Group recently published its “2021 M&A Year In Review,” where the team examines the 2021 M&A market which saw record high volumes and strong valuations, with private and public valuations near all-time highs. Specifically, the defense and government services market has proven to be extremely resilient during the pandemic. […]
Juvare Acquires Nusura to Create Comprehensive Defense and Federal Emergency Management Platform
The McLean Group advises Nusura on its sale to Juvare to Create Comprehensive Defense and Federal Emergency Management Platform. The acquisition expands Juvare’s strategic, operational, and tactical capabilities to better serve its national defense and federal emergency management partner organizations.[…]
CERILIAN acquired by KACE Expands Kaces’s footprint in the National Security Market
The McLean Group Advises Cerilian on its sale to KACE, a leading provider of cloud engineering and big data solutions, cybersecurity, and software development services for the U.S. government. The acquisition expands KACE’s mission-focused technology capabilities and supports the organization’s continued growth in the national security market.
Paul Peou Joins The McLean Group
The McLean Group welcomes Paul Peou to as its newest member of its Defense, Government and Intelligence (DGI) M&A Practice. Paul brings over 20 years of corporate M&A and advisory experience having led notable engagements including Dovel Technologies’ acquisition of MSC, the sale of Dovel Technologies to Macquarie Capital, and the acquisition of Atlas Research by Customer Value Partners. […]
AE Industrial Partners Makes a Significant Investment in Fire Team Solutions
The McLean Group advises Fire Team Solutions who receives a significant investment by AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation, and Specialty Industrial markets. Fire Team is a leading provider of mission-critical technology services to the U.S. intelligence community. […]
(Washington Technology) CGI Federal eyes digital modernization growth through Array purchase
CGI Federal has acquired Array, an application services provider focused on the public sector, in a deal to expand the buyer’s presence with customers such as the Air Force and Space Command.[…]
The McLean Group Advises Array Information Technology On Sale to CGI Federal
The McLean Group is pleased to announce that CGI Federal has acquires ARRAY Information Technology, Inc., a leading provider of enterprise application services, software development, systems engineering, and critical mission support solutions to the federal government. […]
The McLean Group Advises TIPS On Its Sale to 360Training
The McLean Group is pleased to announce that 360training a leading online education provider has acquired TIPS (Training for Intervention ProcedureS), a global leader in education and training for the responsible service, sale, and consumption of alcohol. […]
M&A Insider Report – Q3 2021
The McLean Group has published our Q3 2021 M&A Insider Report, 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. […]
(Washington Business Journal) Criterion Systems buys Reston data science firm
Six months after it purchased intelligence contractor Realm Consulting Inc., Criterion Systems Inc. made another move on Tuesday, acquiring Protas Solutions Inc. The McLean Group advised Protas on the acquisition. Terms of the deal were not disclosed. […]
(GovConWire) Criterion Continues IT Service Expansion With Protas Buy
The McLean Group advices Reston, Virginia-based Protas on Sale to Criterion. Protas is a government contractor focused on providing software engineering, data science and management consulting support services to IC customers. […]
The McLean Group Advises Protas Solutions On Its Sale to Criterion Systems
The McLean Group advises Protas Solutions Inc. on its recent sale to Criterion Systems, Inc. a leading provider cybersecurity, cloud/data center management, IT infrastructure operations, and systems engineering for our nation’s mission-critical environments across the Federal Government. […]
M&A Insider Report – Q2 2021
The McLean Group has published our Q2 2021 M&A Insider Report, 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. […]
The McLean Group Advises Triad Interactive on Sale to McGraw Hill
The McLean Group advises Triad Interactive, Inc. on its recent sale to McGraw Hill a leading educational publisher providing customized educational content, software, and services for pre-K through postgraduate education […]
McLean Group Advises Water Consulting Specialists, Inc. on sale to Evoqua Water Technologies (NYSE: AQUA)
Evoqua Water Technologies Acquires Water Consulting Specialists, Inc. MCLEAN, VA – April 6, 2021 – The McLean Group is pleased to announce that it served as the exclusive financial advisor to Water Consulting Specialists, Inc. (WCSI) on its sale to Evoqua Water...
M&A Insider Report – Q1 2021
The McLean Group has published our Monthly M&A Insider Report, where we examine recent M&A activity in the Defense & Government Services, Security, Critical Infrastructure, and Marine Sectors for the month of February. See what’s happening in M&A for these sectors. […]
General David Petraeus formal Director of the CIA will be the Keynote Speaker of the 2021 M&A and Valuation Summit
General David Petraeus will be the keynote speaker their annual M&A and Valuation Summit on April 22nd. This year’s event will be held virtually and is free to attend.[…]
McLean Adds Asset Valuation Practice With Investment in DLS Marine
The McLean Group is pleased to announce that it has made a strategic investment in DLS Marine, the leading maritime asset valuation and appraisal firm in the United States.[…]
Announcing Chad Wolf as Featured Speaker for McLean’s 2021 M&A and Valuation Summit
The McLean Group is pleased to announce that former Acting Secretary of the U.S. Department of Homeland Security Chad Wolf will be our featured speaker for the “Investment Opportunities in Critical Infrastructure” discussion we will be hosting as part of our Spring M&A and Valuation Summit. […]
Monthly M&A Insider Report – February 2021
The McLean Group has published our Monthly M&A Insider Report, where we examine recent M&A activity in the Defense & Government Services, Security, Critical Infrastructure, and Marine Sectors for the month of February. See what’s happening in M&A for these sectors. […]
Executive Spotlight – Andy Smith – The Potomac Officers Club
Mar 2, 2021 – Andy Smith serves as a Managing Director at The McLean Group, an investment bank and financial services firm focused on the defense, intelligence security, critical infrastructure and maritime markets. Smith is also co-head of the defense, government and intelligence practice.
IDS International Acquires GovSource
The McLean Group advises on the recently announce IDS International, a security government services firm, acquired GovSource (GSI), a leader in elite military and law enforcement training to the US Government and partner nations.
Bogart Associate a Portfolio Company of CM Equity Partners Acquires an Undisclosed Intelligence Community Contractor
The McLean Group is pleased to announce that it advised an undisclosed Intelligence Community contractor in its sale to Black ICE (dba Bogart Associates), a member of the CM Equity Partners family of Companies. […]
2020 M&A Year-In-Review
We recently published our 2020 M&A Year-In-Review, where we take a granular look at M&A in the Defense & Government Services, Security, Critical Infrastructure, and Marine Sectors. See what our analysts think of this year to remember […]
Pandemic Effects on Goodwill Impairment
The COVID-19 pandemic has drastically impacted the macroeconomic environment. As equity markets have crashed and a recession looms, it’s important for CFOs and Controllers to stay ahead of the changing landscape. For companies that have been acquisitive and carry significant goodwill (or other intangible assets) on their books. […]
Digital Transformation and Physical Security: A Call to Action
The physical security industry is extremely active right now, with an addressable market estimated at $124.9 billion for 2020 and growing to $232.5 billion by 2027. This growth reflects the increasing demand for security as traditional threats like terrorism and crime grow […]
Marc Gruzenski Joins The McLean Group to Lead Its Security Practice
The McLean Group, a middle-market investment bank providing strategic and financial advice on mergers and acquisitions, business valuation, as well as growth capital announced today that Marc Gruzenski has joined the firm as Senior Managing Director. […]
The McLean Group Congratulates SimVentions on its ESOP Buyout
We congratulate our client, SimVentions, on becoming a 100% employee owned company. SimVentions explored a range of strategic alternatives and selected an employee stock ownership plan (ESOP) as the optimum transaction structure for the company and its employees […]
A Dynamic Water and Wastewater M&A Market – Perspectives From Industry Operators and Financial Sponsors
The recent COVID-19 pandemic is magnifying the importance of the water sector in the municipal, industrial, commercial, and residential segments as they are viewed as “essential businesses” […]
(Forbes Magazine) Sky’s The Limit For Aerospace M&A In 2020
Forbes Magazine – McLean Group’s, Senior Managing Director, says, “We’re seeing deal activity accelerate if anything. We’re arguably at a 10-year-high, in terms of deal volume, in terms of valuations.” The aerospace and defense sector had $98.5 billion in total disclosed deal value for 2019 with 80 deals, according to Mergermarket data. This is up 133% from 2018 when disclosed deal value totaled $42.2 billion with 71 deals. Five of the deals in 2019 totaled over $1 billion, compared with three in 2018. […]
(Virginia Business Magazine) McLean investment bank names head of security practice
Virginia Business Magazine – McLean-based middle-market investment bank The McLean Group LLC announced Tuesday that Marc Gruzenski has been named as the head of its security practice. Gruzenski was most recently the director of global security technology and director of information protection for The Walt Disney Co.[…]
(FinancialNews) Shimtech Obtains Aerospace Industry’s Fastener Technology
FinancialNews – US-based aerospace company Shimtech Industries has announced the acquisition of California-based Fastener Technology Corp. (FTC), a specialty fasteners supplier for commercial and military aerospace applications, the company said. The sellers were advised by The McLean Group, a boutique investment bank with a leading aerospace, defense and government practice. […]
(San Fernando Valley Business Journal) Santa Clarita Aerospace Manufacturer Acquires NoHo Fastener Firm
San Fernando Valley Business Journal – Shimtech Industries, an aerospace components manufacturer in Santa Clarita, has acquired Fastener Technology Corp., a North Hollywood supplier of specialty high-strength fasteners. Financial terms of the transaction were not disclosed. […]
(Forbes Magazine) Investors Flocking To Government Tech Plays
Forbes recently published the article “Investors Flocking To Government Tech Plays”. The McLean Group’s Senior Managing Director Greg Woodford is quoted extensively throughout the article. He discusses deal activity in 2019 and private equity involvement in the government contracting space now and moving forward. […]
(Business Monthly) The McLean Group advises First Source Electronics on sale
The McLean Group announced that it advised Elkridge-based First Source Electronics (FSE), a specialized provider of electronics manufacturing services (EMS) for military, industrial and transportation applications, on its sale to Commercial Vehicle Group (CVG), a supplier of electrical wire harnesses, seating systems and related products for the global commercial vehicle markets […]
(MergerMarket) Midsized contractors look to M&A to avoid getting squeezed
August 9, 2019. Mergermarket. “Midsized contractors look to M&A to avoid getting squeezed.” McLean Group’s Managing Director quoted throughout. […]
(SmartSheets) M&A Strategies for Business Leaders to Drive Growth and Increase Profits
August 11, 2019. smartsheet. You may know that mergers and acquisitions have the ability to fast-track your company’s growth, but also that most deals fail. Defy the odds with this complete guide to M&A strategy, in which veteran dealmakers show you how to spot and execute a winning transaction. […]
(MergerMarket) Expect more deals in hot Aerospace, Defense and Government Services sector, experts say
July 12, 2019. Mergermarket (digital and online). “Expect more deals in hot Aerospace, Defense and Government Services sector, experts say.” Mitch Martin quoted […]
(Forbes) With PE Backing, Government Contractors Strive For Bigger Awards
In the eyes of the US Small Business Administration, government contractors come in two sizes – small and large. And once they’re large, they had better get a lot larger, according to sector advisors and investors.[…]
(MergerMarket) Government contractors strive for bigger awards with PE backing
July 24, 2019. Mergermarket (online). “Government contractors strive for bigger awards with PE backing.” Mitch Martin quoted extensively. […]
(Washington Technology) Enlightenment acquires Trowbridge & Trowbridge
Government market investment firm Enlightenment Capital said Monday it has acquired federal IT contractor Trowbridge & Trowbridge to add another platform into the portfolio. Trowbridge & Trowbridge’s services to federal agencies include cloud engineering, cybersecurity, IT engineering, application development and network engineering — all areas that touch on technology modernization.
(Washington Technology) Parsons makes IPO filing public
April 14, 2019 – Washington Technology published an article titled “Parsons makes IPO filing public.” In this article, Ross Wilders of Washington Technology references The McLean Group when discussing the reason Parsons chose the IPO option. […]
(themiddlemarket.com) M&A Wrap – Mergers & Acquisitions
Sagewind Capital-backed By Light Professional IT Services LLC has acquired Phacil Inc., a diversified software, cybersecurity, systems engineering and managed services provider to the U.S. Government. Phacil is being advised by The McLean Group. […]
(Washington Technology) By Light acquires Phacil
Systems integrator By Light Professional IT Services said Monday it has acquired government technology services contractor Phacil to add more cybersecurity and managed services offerings for federal agencies. Terms of the transaction were undisclosed. This is Arlington, Virginia-based By Light’s second acquisition since the company was acquired itself by private equity firm Sagewind Capital two years ago. […]
Paul Klick Joins The McLean Group
The McLean Group, an employee-owned investment bank that provides objective strategic and financial advice on mergers and acquisitions and business valuations, announced today that industry veteran Paul S. Klick IV has joined the firm as a Managing Director. Klick, who will be based in the firm’s McLean offices, will help serve clients in the […]