Deal Details
ProModel Government Services Is Acquired by NuWave
Summary
ProModel Government Services (the “Company”), a business unit of ProModel Corporation, has been acquired by NuWave Solutions (“NuWave”), a portfolio company of AE Industrial Partners.
Baird served as exclusive financial advisor to ProModel Government Services.
About
ProModel Government Services is an agile provider of mission critical predictive and prescriptive analytic software solutions for decision support to the Department of Defense and U.S. Government. For more than 25 years, ProModel Government Services has built innovative and adaptable custom model-based software solutions to visualize complex and disparate data, synchronize operational needs, mitigate risk and optimize resources to support strategic and tactical decisions for the Department of Defense and other federal government agencies. The Company has offices in Ann Arbor, Michigan, Huntsville, Alabama, and Norfolk, Virginia.ProModel Corporation specializes in custom and off the shelf (“COTS”) products to help organizations optimize portfolios, projects, processes and resource decisions that best align with business strategy. ProModel Corporation is headquartered in Allentown, Pennsylvania.
NuWave’s acquisition of ProModel Government Services illustrates the following buyer priorities in Government & Defense M&A: strategic positioning in the defense community with enduring mission support, differentiation through proprietary technology solutions applied to data intensive environment, an elite cadre of technical thought leaders and subject matter experts, and private equity-backed companies executing an inorganic growth strategy.
NuWave Solutions is a leading provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions that delivers anticipatory intelligence and advanced decision support solutions and technologies to the U.S. government. NuWave provides innovative, customized solutions through development, selection, and integration of leading technologies. NuWave has unmatched expertise in advanced technologies across the analytics and data management lifecycle and applies its expertise and teamwork to give customers the ability to solve complex problems, communicate, and manage information. NuWave is headquartered in McLean, Virginia.
AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout its target markets. AE Industrial Partners is headquartered in Boca Raton, Florida.
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- Date
- December 2020
- Company
- ProModel Government Services
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Defense & Government
- Target Geography
- North America
- Acquiror Geography
- North America
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