Deal Details

LinQuest Acquires Perduco

Industrial
Technology & Services

LinQuest, a portfolio company of MDP and CoVant, acquisition of Perduco

Summary

LinQuest Corporation (“LinQuest), a portfolio company of Madison Dearborn Partners (“MDP”) and CoVant Management (“CoVant”), has acquired The Perduco Group (“Perduco”). Terms of the transaction were not disclosed.

LinQuest’s acquisition of Perduco illustrates the following themes in Government & Defense M&A: demand for differentiated capabilities in advanced analytics and decision science, focus on innovation and technical depth for the Air Force, and continued private equity interest in building premier mid-tier government services assets through acquisitions.

Baird served as financial advisor to LinQuest Corporation on this transaction.

About

LinQuest Corporation is a space systems technology company that provides innovative services and solutions to United States defense, national security, and intelligence communities that focus on the convergence of C4ISR, information, and cyber systems. These services and solutions span the integration, engineering, testing, operations, and sustainment of critical space, air, and ground systems capabilities and programs. LinQuest is headquartered in Los Angeles, California.

MDP is a leading private equity investment firm in the United States. Since MDP’s formation in 1992, MDP has raised seven funds with aggregate capital of approximately $23 billion and has completed over 140 investments. MDP is currently investing out of its most recent fund, $4.4 billion MDCP Fund VII, in businesses across a broad spectrum of industries, including telecom, media and technology services; basic industries; businesses and government software and services; financial and transaction services; and health care. MDP is headquartered in Chicago, Illinois.

Founded by former executives of Anteon International, CoVant partners with and provides strategic, financial and operational resources to companies specializing in technology and related solutions that serve the needs of government customers. With an experienced team of business executives and a respected board of former government and military leaders, CoVant delivers a unique and highly strategic approach to maximizing company growth and value. CoVant is headquartered in McLean, Virginia.

Perduco is a high-growth and leading provider of advanced data analytics, data architecting and model-based simulation to defense and intelligence customers. Perduco transforms data into useful information and extracts insights that support decision makers facing complex problems. Perduco is headquartered near Dayton, Ohio.

Industrial
Technology & Services

LinQuest, a portfolio company of MDP and CoVant, acquisition of Perduco