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Aronson Capital Partners Advises TexelTek, Inc. on its sale to TASC, Inc.

ACP Transaction
June 8, 2011

Aronson Capital Partners (“ACP”) is pleased to announce the acquisition of our client, TexelTek, Inc. (“TexelTek”) by TASC, Inc. (“TASC”), a portfolio company of affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and General Atlantic LLC (“GA”). ACP served as the exclusive financial advisor to TexelTek in this transaction.

TexelTek, headquartered in Annapolis Junction, MD., is a leader in the development of highly scalable cloud computing intelligence applications and platforms through agile software solutions. Leveraging its deep subject matter expertise in key enabling technologies and architectures proven in the commercial industry, TexelTek enables its clients to quickly fuse and analyze massive volumes of intelligence data collected through a variety of ISR platforms. Consistent with its customers’ mission, TexelTek also develops and deploys cyber security technologies within secure distributed cloud architectures.

Based in Chantilly, VA, TASC is a leading provider of advanced systems engineering, integration and decision-support services to the intelligence, defense, homeland security and civilian-federal agencies. TASC became an independent company in December 2009 when Northrop Grumman sold the business for $1.65 billion to an investor group led by GA and affiliates of KKR.

We believe this transaction illustrates a number of key trends in government technology M&A:

  • The Federal Government’s commitment to cloud computing and virtualization technologies will be a catalyst for M&A activity
  • Within the Intelligence Community (“IC”), there is significant demand for companies skilled in the development and deployment of Processing, Exploitation, and Dissemination (“PED”) systems
  • Private equity backed companies with significant financial capacity continue to compete in sale processes that involve well positioned, high growth targets

For more information, see WashingtonTechnology article.

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 our exclusive focus on the federal sector, we are able to provide clients with a unique industry perspective and access to long standing relationships with the most active strategic buyers.  We welcome the opportunity to discuss how Aronson Capital Partners can assist you in achieving your strategic objectives. Contact Larry Davis, Partner, 301.231.6225, ldavis@aronsoncapitalpartners.com for additional information.