Renovus unveils new government services company
Gettyimages.com / ismagilov
By
Ross Wilkers
This private equity firm now backs four companies in the market.
Private equity firm Renovus Capital Partners has unveiled a new government services provider to the market that focuses on management consulting, mission support and technology services to federal agencies.
The company now known as Aretum stands up in the wake of its acquisition of Miracle Systems, which touts 20 federal agencies as customers. Renovus had previously acquired Panum Telecom, which Miracle is combining with to form Aretum.
Aretum describes itself as a mid-tier company that works with agencies in the Defense and Homeland Security departments and other civilian clients.
Miracle brings to the equation its contracts for financial consulting, engineering, training services, IT systems and cybersecurity support. Panum touts its core service lines as including program and project management, acquisition management, business consulting, analytics, and information and communication technology.
Aretum becomes the fourth company backed by Renovus in the government services market alongside Data Serv, Deep Water Point & Associates and Insight Technology Solutions.
Renovus is headquartered in Philadelphia and manages approximately $1 billion in assets across verticals such as education and training, health care services, technology services and professional services.