“This acquisition is great for Catapult because it brings us access to capital, so we can continue to grow, and new energy, as we continue to develop in the federal full-and-open marketplace.
Bethesda, MD (PRWEB) July 11, 2012
Catapult Technology, Ltd., a leading Information Technology (IT) contractor to the federal government, announces its acquisition by DC Capital Partners, a private investment firm headquartered in Washington, DC.
Mark E. Hunker has been appointed President and Chief Executive Officer of Catapult. Hunker spent the last ten years at Catapult as Chief Operating Officer and Executive Vice President. “This acquisition is great for Catapult because it brings us access to capital, so we can continue to grow, and new energy, as we continue to develop in the federal full-and-open marketplace,” he said. “DC Capital’s depth of experience and strategic vision will bolster our efforts. I’m excited about the opportunities in front of us.”
Thomas J. Campbell, President of DC Capital, said, “We are pleased to have Catapult join the DC Capital portfolio of companies. Catapult has an impressive track record of outstanding performance for a diverse group of federal agencies. Our investment in Catapult positions us to further expand our capabilities and support our ultimate objective of assisting our customers in fulfilling their mission. Together with two other portfolio companies, Strategic Intelligence Group LLC (“SIG”) and Kickstand, LLC (“Kickstand”), their collective capabilities will be greatly enhanced and the solutions provided to existing customers will afford the opportunity for meaningful growth.”
Campbell added, “Catapult’s management and employees are exceptional. We are fortunate to have Mark Hunker leading Catapult as we move forward. He joins a dynamic team that is already working well together.”
Catapult founder Randy J. Slager, steps down from his duties as CEO, but will join the Board of Directors and remain involved in strategic planning and business development. Slager said, “DC Capital will help complete the vision I had when I started Catapult: to become the preferred federal mid-tier firm. They bring experience, knowledge, and resources necessary for the company to further excel in this market.”
The balance of Catapult’s current management team will remain in place: John Scarcella, Executive Vice President, Enterprise Systems; David Lyons, Chief Technology Officer and Executive Vice President, Technology & Management Solutions; David Thornton, Chief Financial Officer and Executive Vice President; and Robert Smith, Chief Administrative Officer and Executive Vice President.
KippsDeSanto & Co. acted as exclusive financial advisor to Catapult Technology, Ltd. in this transaction. KippsDeSanto is an investment bank focused on delivering exceptional results for leading, growth-oriented defense and technology companies.
About Catapult Technology
Catapult Technology is a leading provider of information technology and management consulting services to the federal government. The firm’s Technology and Management Solutions division serves civilian departments and agencies; its Enterprise Systems division serves defense and intelligence departments and agencies. Catapult was founded in 1996 and is headquartered in Bethesda, Maryland. Learn more at http://www.catapulttechnology.com.
About DC Capital Partners
DC Capital Partners, LLC is a private investment firm headquartered in Washington, DC focused on making control investments in middle market companies that provide differentiated and innovative services and solutions to the U.S. federal government. DC Capital's investment strategy emphasizes sectors that it believes offer the most compelling growth opportunities including but not limited to Intelligence, Information Technology, Development, Security, Infrastructure and Construction and Environmental. Learn more at http://www.dccapitalpartners.com.
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