THE MCLEAN GROUP CONGRATULATES SIMVENTIONS ON ITS ESOP BUYOUT
McLEAN, VA – August 17, 2020 – 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. The McLean Group’s Defense & Government practice served as the exclusive transaction advisor to SimVentions.
Founded in 2000 and headquartered in Fredericksburg, VA, SimVentions is a provider of advanced, highly technical engineering solutions and services to the Department of Defense, with a focus on the Navy. The Company’s solutions combine unique operational and domain knowledge with significant technical expertise in the areas of systems engineering, software engineering, cybersecurity engineering, modeling and simulation, project management, and professional training. SimVentions’ entrenched relationship with the Navy, including its strategic presence at the Naval Surface Warfare Center Dahlgren Division (NSWCDD) and at the Naval Information Warfare Center (NIWC) Atlantic, positions the Company to capitalize on new, high-priority projects that have lasting requirements.
“Our corporate motto is Your Success Is Our Honor and we strive to not only live this out regarding our customers, but also regarding how SimVentions leadership cares for its employees; we see no better way to convey that to our employees than through the establishment of an ESOP.” – Larry Root, CEO of SimVentions
- Generally favorable reception from government customers;
- Strong employee retention and a powerful recruitment tool;
- Often less disruptive process than traditional M&A processes;
- Possible economic benefits from incorporating ESOP expenses in rate structure.
SimVentions views its ESOP transaction as a powerful tool for maintaining and growing its workforce. With five offices and over 300 employees in Virginia and Washington, DC, SimVentions is well positioned for future growth. SimVentions’ ESOP plan and transition team included: Hirschler Law, The McLean Group, Atlantic Union Bank, Argent Trust, and Blue Ridge ESOP Associates.
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.
RECENT NEWS
(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. […]
