Aronson Capital Partners (ACP) is pleased to announce the acquisition of client, Capital City Technologies, Inc. (CCT) on October 30, 2009 by Ernst & Young U.S. LLP. ACP served as the exclusive advisor to CCT in this transaction.
Based in Atlanta, Capital City advises senior-level public sector executives responsible for executing high-priority business transformation and ERP efforts. Ernst & Young is a member firm of the global Ernst & Young organization, a worldwide leader in assurance, tax, transaction and advisory services. CCT’s service offerings will complement Ernst & Young’s existing offerings in its Government & Public Sector practice.
This represents the 8th transaction completed by Aronson Capital Partners in 2009 and embodies several key trends in the government IT and professional services market:
• Continuing M&A interest among strategic buyers focused on niche businesses that are well positioned in areas of national priority;
• The emergence of commercial and diversified buyers due to relative stability in the government services market;
• An ongoing emphasis within the federal government on transforming financial systems and better leveraging IT to reduce costs and drive efficiency
Aronson Capital Partners is a leading M&A advisor to middle-market government contractors and professional services organizations. ACP provides a full range of M&A and corporate finance advisory services to help clients achieve their growth and liquidity objectives. With an exclusive focus on the federal sector, ACP is able to provide clients with a unique industry perspective along with access to long-standing relationships with key industry participants. Contact Larry Davis, Managing Partner, 301.231.6225, firstname.lastname@example.org for more information.