Rockville, MD, December 30, 2003/PRNewswire/ — Aronson Capital Partners, LLC,(ACP) merger and acquisition advisors to the federal information technology and professional services industry, announced today that it completed the sale of Atlantic Coast Telesys Corporation (ACT) to Science Applications International Corporation (SAIC). ACP initiated and structured this transaction on behalf of ACT.
“Companies such as ACT that are strategically positioned in the intelligence community represent attractive acquisition targets for large prime contractors. The current market dynamics mark an opportune time for owners of privately held companies to explore their strategic options,” commented Aronson Capital Partners President Larry Davis.
With an exclusive focus on the federal sector, Aronson Capital Partners is able to provide clients with unique industry perspective along with access to long-standing relationships with key industry participants.
Greg Prestel, CFO of ACT commented that, “Aronson Capital Partners played a key role in preparing ACT for the sale process and gaining high-level access to strategic buyers such as SAIC. Their industry knowledge and relationships were invaluable.”
Aronson Capital Partners, LLC
Aronson Capital Partners, LLC (“ACP”) is a leading provider of M&A advisory services to privately held companies in the federal sector. With more than 60 years of combined industry experience, the principals of ACP have a proven track record of completing successful transactions with middle-market companies. Securities transactions are executed by Aronson Capital Advisors, LLC (member NASD-SIPC) an affiliate of ACP.
Atlantic Coast Telesys Corporation
ACT is a leading provider of high-end engineering and information technology services to the Intelligence Community. Founded in 1988, the company has developed a reputation as trusted solutions provider to its customers.