M&A

QuantiTech completes third deal with private equity backing

QuantiTech has completed a third transaction with the backing of its private equity owner that represents a larger step for the government services company.

Huntsville, Alabama-based QuantiTech said Wednesday it has merged with Millennium Engineering and Integration, or MEI, in a deal to create a more formidable middle-tier market player. Terms of the transaction were not disclosed.

This merger comes nearly seven months after Sagewind Capital first announced its investment in QuantiTech, which subsequently used that backing to acquire Dynamic Concepts Inc. for more of a presence in space programs. Deal number two for QuantiTech was for the Systems Engineering Group formerly owned by Griffin Corp.

QuantiTech sees its combination with MEI as bringing together their engineering and integration services in areas such as space, counter unmanned aircraft systems, hypersonics, defense, cybersecurity, intelligence, aviation and missile defense.

MEI CEO Patrick Murphy has been appointed chief executive of the combined company, while QuantiTech’s executive chairman Randy Cash will continue in that role. Cash was also previously CEO of QuantiTech.

Sagewind’s other major investments in the government technology market include By Light, GCom and Sigma Defense Systems.

KippsDeSanto & Co. served as financial adviser to MEI with Miles & Stockbridge the legal adviser. RBC Capital Markets was financial adviser to QuantiTech with Paul Weiss the legal adviser.

(EDITOR'S NOTE: This article has been updated to include additional details on QuantiTech's transactions)

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 connect with him on LinkedIn.

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