Tag Archives: acquisition

Market Update – Consolidation of Mid-Size Contractors

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Budget Stabilization and Market Consolidation

The last five years of uncertain federal budgets have prevented most contractors from making significant investments, incentivizing them to return capital to shareholders. However, as budgets have stabilized (on a relative basis), the larger contractors are now able to make investment decisions with greater clarity. While there is overall better revenue visibility across the sector, the Defense budget is flat and the overall sector is perceived to be a slow growth industry. Therefore, we expect the recent mid-tier consolidation trends exhibited over the past 12 months to continue, with private equity backed targets being the primary acquisition candidates in this consolidation cycle.

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Aronson Capital Partners Advises Tri-Star Engineering, Inc. on its Sale to G Force, Inc.

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Aronson Capital Partners (“ACP”) is pleased to announce the acquisition of Tri Star Engineering, Inc. tri star tombstone (“Tri Star” or the “Company”) by G Force, Inc. ACP served as the exclusive financial advisor to Tri Star in this transaction.

Headquartered in Bedford, IN, and strategically located close to the Naval Surface Warfare Center Crane Division (“NSWC Crane”), Tri Star provides the U.S. Navy with a wide range of services in the areas of electronic warfare, radar system prototyping, refurbishment, and repair support, information operations and support, life cycle logistics and systems engineering and integration services. The Company operates

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Aronson Capital Partners’ Larry Davis Named a Top M&A Advisor

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Who Made 2014’s Biggest Deals, According to Washington TechnologyCOX_7794

Washington Technology’s Nick Wakeman rounds up 2014’s biggest M&A deals and offers a short list of the top M&A advisors in the market, including Aronson Capital Partners founder and partner Larry Davis.

To read the full article and view the slideshow of top deals, click here.

 

ACP’s top deals of 2014 include:

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Aronson LLC Acquires Deltek’s Washington Management Group

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Acquisition positions Aronson as the Leading GSA Schedule Consulting Practice in the Nation

Aronson LLC, a nationally ranked top 100 accounting and consulting firm today announced that it has acquired the GSA Schedule consulting business of Deltek’s Washington Management Group (WMG). This acquisition positions Aronson as the leading full service GSA Schedule consulting practice in the nation.

An official Deltek partner since 2002, Aronson’s Government Contract Services Group provides a full range of accounting and business solutions for government contractors, including Deltek implementations, financial and contract compliance, business system adequacy and Cognizant/OIG audit support.

Jeff Capron, Aronson’s managing partner, commented on the transaction, “The acquisition strengthens the longstanding partnership between Aronson and Deltek. It allows both companies to focus on their core capabilities in the government contracting market and continue to provide unparalleled service to clients.”

Aronson’s GSA Schedule practice is led by Hope Lane, a partner with more than 20 years of experience in the industry. Aronson serves a wide range of clients, from small contractors to Fortune 500 companies across the country, and provides a complete range of support that includes identifying, obtaining and maintaining GSA Schedule contracts, as well as resolving complex compliance issues.

The WMG business, which was acquired by Deltek in 2011, has more than 30 years of experience in contract management, risk management, contract compliance, advisory and consulting for government contractors.

This transaction will accomplish several key objectives:

  • Offer WMG clients access to expanded service capabilities to solve their most challenging business issues
  • Expand and extend Aronson’s team of government contract experts
  • Further position Aronson as a full service solutions provider to companies that do business with the federal government
  • Heightened collaboration with GSA, resulting from more frequent interaction

 

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ACP Newsletter: Tier-1 Firms Report Cautiously Optimistic Outlook

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With the appropriations bill providing a degree of visibility into the government fiscal year (“GFY”) 2015, the Tier-1 contractors reported solid results in Q4 while providing a cautionary outlook for fiscal year 2015. On numerous conference calls, corporate executives expressed concern over continued sequestration but were relatively optimistic with the growth prospects of their business, especially compared to their comments last year this time.  Continue reading here.

Aronson Capital Partners is a leading middle-market investment bank focused exclusively on the government services and technology industry.  We invite you to read our February 2015 Newsletter, featuring the following topics:

  • Tier-1 Contractors Q4 Earnings Recap
  • Selected M&A Transactions
  • Government Services Industry Performance
  • Public Company Comparables
  • Recent Industry M&A Transactions
  • Representative ACP Transactions

Please feel free to contact one of our principals with any questions.

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