The Ambit Group, a specialty provider of IT modernization, business transformation and mission support services for government projects, and GreenZone Solutions, a leading data management and analytics, cybersecurity, and software development provider to the federal government, have merged. The acquisition was completed in strategic partnership with AE Industrial Partners Structured Solutions I LP, an affiliate of AE Industrial Partners LP, and financed by Atlantic Union Bank. Ambit expects to unite its human-centered approach with GreenZone’s data sector experience to maximize efficiency, reduce friction, and recover costs.
Ambit and GreenZone will go to market under the Ambit brand. The team has restructured and expanded its leadership team as part of the transaction. Kim Hayes, founder and CEO of The Ambit Group, will continue to lead the strategy and growth of the organization as Co-CEO. Ashequl Hoque, CFO and partner at Ambit, joins as Co-CEO, and will oversee operations and corporate development. In addition, Qasim Hussain, COO of GreenZone, will serve as the chief innovation officer to drive ideation and new technology solutions. Rounding out the leadership team is Sandy Peavy, former CIO of the federal law enforcement training center, as CIO, LC Cook as chief growth officer, and Eric Hansen as SVP of Delivery Operations.
Hayes explained, “We designed and built Ambit with the intention of creating a platform company with the leadership, infrastructure, and ideation necessary to attract strong business partners and position us for exponential growth. GreenZone is the perfect addition and complement to Ambit’s core strengths. Their leadership team built a data management powerhouse that provides federal customers the power to analyze, personalize, and optimize critical decision-making processes. When combined with Ambit’s expertise in designing memorable customer experiences and our proprietary Hybrid Delivery Framework we can now offer our government clients additional capabilities as they deliver responsive, efficient, and resilient services to the citizen.”
Qasim Hussain added, “Our focus has always been on helping our clients make better decisions and joining with Ambit will allow us to better deliver on our mission. We built an Agile-focused organization that is resilient, responsive, and fast moving, enabling us to build, test, and deliver our work products on-time or ahead of schedule, and shattering our clients’ expectations. We look forward working together with the Ambit team.”
Holland & Knight LLP served as legal adviser and Agreeance LLC served as M&A consultant to Ambit, while Pillsbury Winthrop Shaw Pittman LLP served as legal adviser to GreenZone.