QualX takes in new private equity backing
Gettyimages.com / Manuel Breva Colmeiro
By
Ross Wilkers
QualX becomes the second federal technology company to join the portfolio of Renovus Capital Partners, which also holds Aretum.
QualX, a 15-year-old provider of records and information management services to federal agencies, has been acquired by the private equity firm Renovus Capital Partners as the company pushes to the next phase of its strategy.
Springfield, Virginia-headquartered QualX plans to use the newfound backing for investments in technology solutions, hiring efforts and pursuits of acquisitions. Terms of the transaction announced Wednesday were not disclosed.
Renovus is the same PE firm that stood up Aretum in 2023 following a series of transactions to create that government services company.
QualX was founded in 2009 by retired Army Col. Alan Moon and currently led by CEO Jon Persson, who joined in that capacity in April. It has recorded approximately $35.6 million in unclassified prime contract revenue over the trailing 12-month period, according to GovTribe data.
The Defense Department’s Washington Headquarters Service, which acquires professional and administrative support for DOD components, represents the largest share of that volume at 39.7%. Rounding out the top five clients are the Navy, Defense Logistics Agency, Homeland Security Department and Army.
QualX touts its core service lines as including strategic planning and policy development, information management, enterprise IT, program management, and business process improvement support services. Declassification and fulfillments of Freedom of Information Act requests are also part of the portfolio.
DLA Piper acted as legal counsel to Renovus, while Greenberg Traurig LLP worked in that same role for QualX. Monument Capital Partners advised QualX on the transaction’s financial aspects.