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:
An Alternate Sale or Liquidity Solution for Company Owners
Please join us for a presentation on Employee Stock Ownership Plans as an alternative to a traditional sale of business for owners of government contracting firms. A panel of legal, investment banking, accounting and wealth management experts, including an executive of an ESOP company, will discuss advantages offered by ESOPs, including opportunities for a partial or full sale of government contracting companies, tax exemptions and deferrals, and financing techniques. The presentation will include a discussion of:
Moderator: Alan Chvotkin, Executive Vice President, The Professional Services Council
Date: September 24, 2014
Time: Breakfast – 7:30am-8:00am
Panel Presentation – 8:00am-9:30am
Location: The Conference Center at the Maritime Institute, Dining Hall FG
692 Maritime Boulevard, Linthicum, MD 21090
Attend the largest government contracting conference of its kind in the region with ample opportunities to build relationships with top executives from Federal, State and Local agencies, prime contractors, and each other. The 2014 GovConNet Procurement Conference features:
Join ACP’s Larry Davis as he moderates the CEO Lessons Learned Panel at 11:00am to hear from a panel of successful entrepreneurs who are growing their businesses in the federal marketplace.
ALSO in attendance, Aronson partner Hope Lane will be moderating a discussion on “The Expanding Cybersecurity Mandate for Federal Contractors,” featuring Aronson IT audit and security expert Jeff Cook at 12:15pm.
Are you considering selling your business? Have you considered the tax issues associated with that sale? A seemingly typical sales negotiation and transaction can go bad if tax implications haven’t been property analyzed up front by a qualified professional. It is extremely difficult – and sometimes impossible – to roll back the clock on a negative outcome. Asking important tax questions beforehand can save you wasted time and effort. For example:
Can the purchasing party actually afford to acquire the business if the deal is not structured as an asset purchase?
How much does the seller need to actually net in cash monies after taxes to feel good about the deal?
Will the selling party be willing to accept part cash with the rest equity?
Can the equity be rolled over tax-free?
Do we have minority owners that are not cashing out and will roll over their equity to be part of the new ownership group?
Complicating all these issues is the reality that the tax code is full of irregular code provisions that quite often do not come to light until the deal is nearly complete. Restructuring and back pedaling to make all parties happy is
Building Shareholder Value in Today’s Defense and Government Services Market
Please join Aronson Capital Partners on October 31st for a webinar that covers the current state of the defense and government services M&A market and ways for management teams to build shareholder value in advance of an exit. The current budgetary environment has created new challenges and opportunities for government contractors, and our online presentation will focus on strategies to better position your business.
Topics will include:
Click HERE to register!
IT Security Requirements for Government Contractors – Part 1
FISMA Compliance Oft Overlooked for Government Contractors – November 13th
Government contractors that house or have access to government data may be subject to Federal Information Security Management Act (FISMA) requirements. In fact, many contractors have FISMA compliance clauses in their contracts but may not understand them or even know they are there. Identifying and understanding contract clauses that require FISMA compliance is a
challenging, but necessary part of effective contract management. Noncompliance may result in fees or fines, loss/termination of the contract, or, worst of all, a security breach in your system(s).
Click HERE for more details and to register.
Affordable Care Act Basics for Government Contractors
Confused by the provisions of the Affordable Care Act? You’re not alone. Many government contractors are concerned about the impact of this new law on their business. Please join us on November 12th for a breakfast briefing on the specific aspects of the ACA that are most relevant to small government contractors. Presenters Mark Flanagan of Aronson LLC and Ronald Sroka from Evolve Consulting Group, Inc. will share their expertise on important topics that include:
Click HERE to register!