DC Capital Partners drove this pair of acquisitions
Two of the private equity firm's portfolio companies make new expansion moves across emergency and disaster management, plus cloud computing security.
A pair of acquisitions this week were powered by the backing of D.C. Capital Partners as two of its portfolio companies made deals to add emergency and disaster management and cloud computing security capatilities.
Michael Baker International
The global engineering and consulting services provider is extending into the field of emergency and disaster management via its acquisition of Tidal Basin announced Tuesday.
Daniel Craig, a former Federal Emergency Management Agency official, founded Tidal Basin in 2006 after a three year-stint as associate administrator for FEMA's recovery division. That role involved oversight of recovery efforts after presidentially-declared disaster events such as the Space Shuttle Columbia accident and wildfire season in 2003, plus several hurricanes in 2004 and 2005.
Tidal Basin's services cover the preparedness, mitigation, response, recovery and program management functions with respect to disasters and other types of public emergencies.
In its release on the transaction, Michael Baker touts ongoing collaborations with Tidal Basin on planning projects related to wildfires in California and infrastructure projects in Colorado and New York. The companies see opportunities to further grow their services to FEMA and expand into other federal government agencies, plus state and local agencies such as departments of transportation.
Tidal Basin's advisers for the transaction were The McLean Group on the financial front and Davis Wright Tremaine regarding legal matters. DC Capital's advisers were Arnold & Porter in the role of transaction counsel and White & Case as debt counsel.
Acquired by DC Capital in 2013, Michael Baker employs approximately 3,900 employees across close to 100 locations around the world.
Owl Cyber Defense Solutions
A provider of hardware-centric cybersecurity solutions, Owl is looking to expand its tent into the cloud computing security aspect through the purchase of Big Bad Wolf Security also announced Tuesday.
Owl itself was acquired by DC Capital in 2017 and has since integrated three other businesses including BBWS to focus on network domain boundary security.
With DC Capital's backing, Owl has invested approximately $100 million into the development of new cross-domain technologies including those used for communications.
BBWS focuses its time and resources on cloud infrastructure security for government and commercial applications. The company designs its technology to work in a cloud-native form and Owl sees that as helping enable more identity and access management configuration with major cloud hosting providers.
Owl is undertaking the transaction as it is getting ready to release a new generation of products for its core diode and cross-domain areas.
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