Renovus Capital Partners, a lower-middle-market private equity firm focused on the knowledge and talent industries, through its Aretum platform, has bought Miracle Systems LLC, an Arlington, Va.-based contractor to more than 20 federal agencies domestically and internationally.
Miracle Systems offers services to federal clients, focusing on PMO support, financial consulting, engineering services, training services, IT systems and cyber missions. The company has 90 contracts across the U.S. government. Miracle joins existing Renovus portfolio company Panum Telecom LLC within Aretum, an organization focused on providing management consulting, mission support and technology services.
“The combination of Panum and Miracle under the Aretum umbrella is yet another step in our growing commitment to support the mission of government agencies with technology and management consulting services,” states Atif Gilani and Manan Shah, partners at Renovus Capital. “We are confident that Aretum will bring technology-focused innovative solutions to support our customers while unlocking value for our investors and stakeholders.”
King & Spalding served as legal counsel to Renovus and Panum. UBS Investment Bank served as financial advisor to Miracle Systems, and Greenberg Traurig served as legal counsel.