Capitol Meridian adds fourth investment to GovCon portfolio

Capitol Meridian Partners has closed a fourth acquisition in the federal market through its purchase of Clarity Innovations, a provider of data and cyber analytics offerings to agencies.

Terms of the transaction announced Monday were not disclosed, but Clarity Innovations' founders and senior leaders remain with the company and will hold an equity stake in it.

This move follows Capitol Meridian's role in the acquisition of LMI in July 2022, and the purchases of Altumint in April 2022 and PrimeFlight in March 2023. Capitol Meridian was formed in 2021 by two Carlyle Group alums in Adam Palmer and Brooke Coburn.

Clarity Innovations' website descries its services as including digital services, user experience, mobile and web, cloud computing, and data sciences and analytics.

According to USAspending.gov, the company had $49.6 million in unclassified prime contracts over the last year. That figure is certainly higher given that classified work is not reported into USASpending.

Special Operations Command was its largest customer for unclassified programs, followed by the Air Force and Army.

Clarity looked at other “strategic alternatives” and decided on Capitol Meridian because it best fit the company’s vision, Clarity CEO and co-founder Wes Daniels said in a release.

“The Capitol Meridian team shares our relentless focus on customer success and enhancing mission outcomes. We’re creating a strategic partnership to build and deliver capabilities faster to our customers in today’s evolving geopolitical environment,” he said.

Baird worked as financial adviser to Clarity and Miles & Stockbridge was legal counsel on the sell side. Astrapi Leadership Consulting provided strategic leadership consulting to Clarity as well.

Capitol Meridian was supported by Raymond James as financial adviser, Latham & Watkins as lead counsel, and PriceWaterhouseCoopers for financial advisory services. Macquarie Capital provided financing.