Janus Global acquired by private equity firm DC Capital
By
Ross Wilkers
Global logistics contractor Janus Global Operations has been acquired by private equity firm DC Capital Partners as another addition to the investment group’s public sector market portfolio.
Global logistics and stability operations contractor Janus Global Operations has been acquired by private equity firm DC Capital Partners to further grow the investment group’s public sector market portfolio, Janus said Monday.
Terms of the transaction were undisclosed and the deal comes nearly seven months after DC Capital closed a $450 million fund for investments in middle-market, U.S.-based businesses focused on government services and construction services.
Janus’ North American headquarters are in Lenoir City, Tenn. near Knoxville and the company also maintains an office in Washington, D.C. The company’s services include munitions remediation, environmental remediation, risk management, logistics and lifecycle support work for public and private sector entities worldwide.
Alexandria, Va.-based DC Capital was founded in 2007 and targets equity investments of $25 million-$75 million per platform. The firm’s current portfolio of public sector market investments includes Michael Baker International, Kaseman, PMC, Project Management Services Inc. and Sallyport Global Holdings.
The deal comes amid increased merger-and-acquisition activity in the federal market with private equity firms among the most notable buyers of contractors. This year's examples include Veritas Capital's addition of the former Harris Corp. IT business now known as Peraton, plus Miami-based H.I.G. Capital's successive deals for NCI Inc. and Whitney, Bradley & Brown.
Sagent Advisors LLC was exclusive financial adviser and Morrison & Foerster LLP was legal adviser to Janus. Arnold & Porter Kaye Scholer LLP and White & Case LLP were both legal advisers to DC Capital.