Family PE firms makes another GovCon firm
McNally Capital, a family-owned private equity firm, has added another government contractor to its portfolio with the acquisition of Orbis Operations, an intelligence and national security firm.
Orbis joins other companies in McNally’s stable including Altamira and FedData Technology Solutions. Terms of the deal for Orbis were not disclosed.
McNally Capital makes investments on behalf of the McNally family, which owned and operated Rand McNally and Co. The private equity firm also represents other investors and in the case of Orbis, it partner with Nio Advisors. It also partner with Nio and ClearSky to acquire Altamira.
“Our decision to partner with Orbis was based on the opportunity to contribute family capital and industry expertise to the company’s long-term growth,” said Ward McNally, managing partner and founder of McNally Capital. “As a founder-owned business, the investment is consistent with McNally’s strategy of partnering with founder- and management-owners.”
Orbis provides intelligence and national security advisory services, software engineering and cyber services, and situational awareness training to the United States government and U.S. allies. It also has commercial clients.
The company has a spot on the large Navy Seaport-e vehicle as well as a GSA schedule.
William Blair acted as the sole financial advisor and DLA Piper acted as legal counsel to Orbis Operations. Ropes & Gray LLP served as legal counsel to McNally Capital.
Posted by Nick Wakeman on Apr 09, 2021 at 12:27 PM