Sagewind Capital LLC, a New York-based private equity firm, announced today an investment in Federal Advisory Partners, a strategy consulting firm serving public and private sector organizations, and the federal healthcare market.
Steven Lefkowitz, managing partner of Sagewind said, “Our investment in Federal Advisory Partners builds on our extensive experience investing in and supporting government services firms. Federal Advisory Partners has a strong track record of serving federal healthcare agencies and we are excited to partner with their exceptional team at this exciting time. We look forward to supporting Federal Advisory Partners as we aim to diversify and enhance the Company’s capabilities and introduce its deep expertise to an entirely new customer set.”
Tim Borchert, co-founder and chief executive officer of Federal Advisory Partners, Andrew Patrick, chief operating officer, and Chris Katkocin, vice president, will continue to lead the company.
Borchert said, “I am very proud of what Federal Advisory Partners has accomplished since we founded the company. We have earned the confidence of our clients and are grateful that they continue to entrust us with mission critical work. Sagewind has a history of successfully partnering with management teams in the government services sector to expand businesses and we are thrilled to collaborate with them to accelerate our growth by broadening our capabilities and entering new markets.”
In connection with the transaction, vice admiral C. Forrest Faison III, the 38th Surgeon General of the United States Navy, has been appointed to Federal Advisory Partners’ board of directors.
“I am excited to partner with Sagewind and the Federal Advisory Partners team, to continue identifying operational efficiencies that can improve the care we provide our nation’s veterans and active-duty military,” said Faison. “The Company is well positioned to have a real impact and I look forward to supporting management in accomplishing our shared vision to deliver meaningful outcomes for clients.”
Federal Advisory Partners is Sagewind’s 5th current platform in the government services sector. Sagewind has also invested in Axient, By Light, GCOM and Sigma Defense Systems.
Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as Sagewind’s legal counsel. Holland & Knight served as legal counsel and G Squared Capital Partners served as exclusive financial advisor to Federal Advisory Partners.