M&A

By Light acquires Phacil

Systems integrator By Light Professional IT Services said Monday it has acquired government technology services contractor Phacil to add more cybersecurity and managed services offerings for federal agencies.

Terms of the transaction were undisclosed. This is Arlington, Virginia-based By Light’s second acquisition since the company was acquired itself by private equity firm Sagewind Capital two years ago. By Light acquired Axom Technologies last year.

For Phacil, the deal comes nearly two years after it transitioned to an employee stock ownership plan after management explored several transaction strategies for itself.

The founders sold their stake in the Arlington-based company to an ESOP plan and the company then became a full employee-owned company. Phacil had 800 employees and $140 million in annual revenue at the time.

Investment bank The McLean Group advised Phacil on both its shift to being an ESOP and now sale to By Light.

Phacil is also headquartered in Arlington and some of its main federal customers include the Defense and Homeland Security departments, General Services Administration and National Science Foundation.

The company specializes in IT modernization, cloud implementation and data migration work among other service areas.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.