GTCR Grows Six3 Systems
The government services platform acquires Novii Design.
September 30, 2010
Private equity firm GTCR’s developing government services and national security platform, Six3 Systems, is making its third deal—and its first of 2010—as the company continues to roll up assets. After its 2009 formation and a pair of deals within a few months, the security platform’s pipeline slowed, coinciding with lawmakers’ pledge to reduce government expenditures at a time when American military campaigns overseas are being largely scaled back.
It acquired Novii Design, which operates in the DC area, runs information systems, cyber solutions and enterprise architecture for intelligence operations. The company has more than 70 employees that have been granted a government security clearance, critical for the work most of Six3’s employees face.
Terms of the deal were not specified and calls seeking comment were not acknowledged by press time.
KippsDeSanto & Co. was financial advisor to Novii. Cooley provided legal counsel to Novii and Kirkland & Ellis provided legal counsel to Six3 Systems.
In 2009, GTCR formed Six3 Systems, centering its headquarters in Fairfax, Virginia, and installing Robert Coleman as its chief executive. Its first deal was the acquisition of BIT Systems, which performs maintenance of signal processing systems, data analysis, software development, and other mission operations.
In June 2009, the company acquired Harding Security Associates, which has the Department of Defense as a client for its biometric-enabled intelligence analysis and forensics products.
The private equity firm has been busy in 2010 making other deals and add-on transactions for other growing portfolios; GTCR earlier this month notched a sale of its National Processing Co. after a seven-year hold.
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