FAIRFAX, Va., June 29 /PRNewswire/ -- Salient Federal Solutions, Inc., an information technology (IT) and engineering solutions company, founded in partnership with Frontenac Company LLC, a leading private investment firm, announced today that it has acquired SGIS, a federal government contracting firm, from Skillstorm. This acquisition supports the company's aggressive growth plans to build a world-class federal IT and engineering solutions company, and leverages their management and operational expertise to successfully support high-priority missions of the federal government.
SGIS, a privately-held company headquartered in San Diego, CA, offers innovative technology-focused services and solutions to the federal government in areas such as information technology, intelligence analysis, cyber security, engineering, training, and logistics. Established in 2002, SGIS has approximately 675 employees with 14 primary office locations across the US. Clients include Department of Defense, Department of Homeland Security, the intelligence community, NASA, NOAA, and Department of Justice.
"SGIS is the type of strategic acquisition we have been seeking," said Brad Antle, President & CEO of Salient Federal Solutions. "This acquisition will provide us with a foundation to achieve Salient Federal Solutions' strategic objectives. They provide an incredible team of talented professionals with exactly the right set of skills in demand by our customers, and their concentration in the classified defense and intelligence markets is a plus."
Bill Parker, Salient Federal Solutions COO, said, "Just as important, SGIS is an excellent fit with Salient's corporate culture, bringing a dedication to building and maintaining long-term customer relationships. We look forward to welcoming the highly-talented professionals of SGIS to the Salient team."
"Since we announced the formation of Salient, we have actively targeted providers of high valued services with extendable core capabilities and a strong reputation in the market. We believe SGIS fits squarely within this strategy," added Frontenac Managing Director Walter Florence. "Frontenac and Salient's investment in SGIS is an excellent example of our partnering with an industry-leading executive team and pursuing strategic acquisitions."
Commenting on the acquisition, Hany Girgis, SGIS President & CEO, said, "Salient Federal's leadership team has a clear vision, strong customer connections and financial strength to take SGIS to the next level. This transaction provides increased opportunities for growth and professional development to SGIS employees. Salient is positioned to address the most urgent IT priorities of the Federal Government and we are very pleased to be joining their team."
About Salient Federal Solutions: Salient Federal Solutions was founded by the former senior leadership team for SI International. Salient Federal Solutions' mission is to build a world class federal IT and engineering solutions company through aggressive organic growth and supplemental acquisitions. The senior management team for Salient Federal Solutions is comprised of Brad Antle (former CEO SI International), Ray Oleson (former Chairman SI International), Bill Parker (former COO NCI), Ted Dunn (former CFO SI International), Tom Lloyd (former VP SI International), and Tom Pettit (former Sr. VP SI International). In only ten years, SI International grew from a start-up to a $580M per year federal IT, engineering and telecommunications company. More information about Salient Federal Solutions can be found at www.salientfed.com.
About SGIS: SGIS provides innovative technology-focused services and solutions in the following areas: information technology solutions, intelligence solutions, engineering, training and logistics services, and cyber security solutions with its primary focus on the intelligence community and Department of Defense markets. More information about SGIS can be found at www.sgis.com.
About Frontenac Company LLC: Frontenac is a private investment firm based in Chicago and founded in 1971. The firm manages over $1 billion and is currently making investments from its ninth fund. Frontenac's capital base is comprised of patient investors, primarily families, with a long investment horizon. The firm has worked with over 200 closely-held and family-owned businesses whose owners cased deeply about their next owner or partner. It has extensive experience in crafting solutions to family owners' complex needs – including liquidity, succession, and growth strategy – and seeks to partner with management teams with whom relationships matter and whose goal is sustained growth in value. More information about Frontenac can be found at www.frontenac.com.
SOURCE Salient Federal Solutions, Inc.