GovernmentCIO, a provider of high-end technology and digital solutions to the federal health IT services market that is backed by Welsh, Carson, Anderson & Stowe, has completed the acquisition of Salient CRGT, a provider of data analytics, cloud, software development, cybersecurity, and infrastructure solutions to U.S. national security, federal civilian, and federal health agencies, from Bridge Growth Partners and Frontenac.
Jim Brabston, GovCIO’s CEO, will lead the combined company. Tom Ferrando, SCRGT’s CEO, will join the board of directors and long-time industry veteran Phil Nolan will become chairman of the combined company, which will be named GovCIO, following the close of the transaction.
“This is an exciting moment for our company as we bring together two high performing companies. Combining the capabilities and talent found in both companies will provide accelerated value to our federal customers and fuel our growth,” Brabston said.
Ferrando said the “cultural and strategic fit” between the two companies will allow the combined entity to “take the business to the next level.”
Nolan said, “These two companies have so much talent throughout their organizations it will provide for an even stronger entity as we come together,” he said.
Mike Donovan, head of technology and general partner at WCAS, said “We are excited to complete the acquisition and take a major step forward in Welsh Carson’s goal to grow GovernmentCIO through a focused acquisition strategy.”