Government IT Services, DevSecOps Acquisition: Sev1Tech Buys Geocent
This is technology M&A deal number 708 that ChannelE2E has covered so far in 2021.
- See all technology M&A deals for 2021 and 2020 listed here.
- See all technology M&A deals involving government IT service providers listed here.
Geocent is a DevSecOps (development, security and operations) and engineering services provider that primarily works with the U.S. federal government.
Headquartered near Washington, D.C. in Woodbridge, Virginia, Sev1Tech provides IT and cybersecurity services for U.S. government agencies.
DFW Capital has owned a majority stake in Sev1Tech since March 2021. DFW, founded in 1994 and headquartered in New Jersey, typically invests in businesses with EBITDA under $15 million, according to its website. Enlightenment Capital is an investor in Sev1Tech.
Sev1Tech Acquires Geocent: Supporting Federal Customers
In a prepared statement about the deal, Sev1Tech CEO Bob Lohfeld said:
“With a mutual, customer-first, employee-centric culture and commitment to meaningful outcomes, this acquisition is a milestone in our growth journey. We’ve strategically aligned our customer bases and we’re incorporating in-demand offerings into our integrated services. Geocent’s leadership in DevSecOps and the scientific space domain dovetails with Sev1Tech’s growing influence in space modernization. Furthermore, this fortifies our common Department of Homeland Security presence. Our combined capabilities will amplify our missions, from the tactical edge to the enterprise to the end-user.”
Added Geocent CEO Bobby Savoie:
“Together we’ll enhance the design, development and delivery of innovative solutions to support the mission of our federal customers by combining robust technologies, engineering and data integration services. Market-leading applications and development capabilities, cybersecurity, artificial intelligence and machine learning—these all sharpen our competitiveness, unleash new offerings and augment service delivery across our partner ecosystem.”
Doug Gilbert, a partner at DFW Capital, concluded:
“The combination of these management teams and the service synergies created will allow Sev1Tech to deliver even more complex solutions to an incredibly mission-driven customer base. We are proud of this team and our partnership that continues to accelerate Sev1Tech on its growth journey.”
Government IT M&A
This deal is the latest in a series of mergers and acquisitions involving IT providers that specifically serve government clients. At least three such deals were announced in October 2021:
- Island Empire and Neural Investments jointly acquired DigitalSpec (DSPEC), an IT consulting firm focused on federal government agencies.
- Document Storage Systems (DSS) acquired SBG Technology Solutions.
- Capgemini acquired government IT solutions provider Variq
As always, ChannelE2E continues to track deals like these. A full list of government IT M&A activity can be found here.