D.C. Capital builds its portfolio
Acquisition of Catapult Technology adds third platform company
- By Nick Wakeman
- Jul 11, 2012
D.C. Capital Partners has added to its government portfolio with the acquisition this week of Catapult Technology Ltd.
Catapult was founded by Randy Slager, who will step down as CEO and join the company’s board of directors.
D.C. Capital, a private equity group, was drawn to Catapult as an acquisition target because of the diversity of its business with federal agencies, said Thomas Campbell, the group’s president.
“Our investment in Catapult positions us to further expand our capabilities and support our ultimate objective of assisting our customers in fulfilling their mission,” he said in a statement.
Terms of the acquisition were not released. In 2011, the company had $146 million in revenue.
“D.C. Capital will help complete the vision I had when I started Catapult: to become the preferred federal mid-tier firm. They bring experience, knowledge, and resources necessary for the company to further excel in this market,” Slager said in a statement.
In addition to remaining on the board, Slager will help strategic planning and business development.
Mark E. Hunker is Catapult’s new president and CEO. He has been with the company for 10 years and had been the chief operating officer and executive vice president. The rest of the management team also remains in place:: David Thornton, chief financial officer and executive vice president; John Scarcella, executive vice president, enterprise systems; David Lyons, chief technology officer and executive vice president, technology and management solutions; and Robert Smith, chief administrative officer and executive vice president.
Catapult joins two other companies in D.C. Capital’s portfolio, Strategic Intelligence Group LLC and Kickstand LLC.
“Our collective capabilities will be greatly enhanced and the solutions provided to existing customers will afford the opportunity for meaningful growth,” Campbell said.
D.C. Capital also had another portfolio company, National Interest Security Company LLC, which it built through a series of acquisitions and sold to IBM Corp. in 2010
Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.