Garvey Schubert Barer attorneys John Knab, Benjamin Lambiotte, Colin Andrews and Dan Petalas served as special government contract counsel to Salient CRGT for its recent acquisition of Information Innovators, Inc. (Triple-i) in January 2017. The transaction combines two highly complementary businesses. Triple-i provides solutions in healthcare IT services, enterprise IT solutions, cloud services and agile development capabilities focused within federal healthcare, civilian, national security, and defense markets. With the acquisition, Salient CRGT will increase its revenues to more than $500 million, solidifying the company’s position in the mid-tier federal IT services market and allowing it to compete effectively with large-scale professional services providers while maintaining its agile, innovative, quality-driven, and customer-centric approach.
“Salient CRGT’s acquisition of Triple-i directly supports the company’s long-term growth objectives to create a premier mid-tier agile software development, data analytics, cybersecurity and mobility solution and services company,” said Salient CRGT CEO Brad Antle. Commenting on the strategic nature of the acquisition, Steve Ikirt, president and CEO of Triple-i said: with Salient CRGT, we will be even better positioned to serve our customers’ needs with a broader and more diverse set of services.”
“This combination of two successful private equity-backed businesses creates a platform that exemplifies the importance of the roles of investors, partnered with strong management teams, in creating and building the next generation of competitors in the government contracting industry,” said Kevin DeSanto, managing director at KippsDeSanto.
Terms of the transaction were not disclosed. RBC Capital Markets and Sagent Advisors served as Salient CRGT’s financial advisers, and Willkie Farr & Gallagher LLP served as lead counsel for Salient CRGT. KippsDeSanto & Co. served as Triple-i’s financial adviser, and Holland & Knight served as legal adviser for Triple-I.
Read the Salient CRGT Press Release.
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