M&A

Sagewind Capital enters new government market investment

Private equity firm Sagewind Capital has made an investment in government technology and engineering services company QuantiTech.

Terms of the transaction were undisclosed, but QuantiTech said Wednesday that its management team will stay with the company and retain a significant equity ownership.

That management team includes CEO Darryl Wortman and Randy Cash, chairman of QuantiTech’s board of directors and also formerly its chief executive.

New members of the board as part of the deal will include industry veterans Deborah Dunie and Dr. Paul G. Kaminsky, plus retired Army Gen. Paul Kern.

QuantiTech represents Sagewind’s second major investment in the government market alongside By Light, which the private equity firm acquired in 2017 and since used as a platform to make four acquisitions.

Huntsville, Alabama-based QuantiTech’s services include systems engineering, cybersecurity, test and evaluation and program management in support of programs for hypersonics, counter unmanned aircraft systems and human spaceflight. Some of the company’s customers include Army, Air Force, NASA and various other defense agencies.

KippsDeSanto acted as exclusive financial adviser to QuantiTech, which was founded in 1991 by Sheila Brown. QuantiTech’s portfolio of contract vehicles includes OASIS Small Business, Defense Department TEAMS, SeaPort-NxG and Army RS3.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as Sagewind's legal counsel. Maynard Cooper & Gale served as legal counsel to QuantiTech.

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.

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