Aronson Capital Partners Advises Force 3, Inc. on its sale to Sirius Computer Solutions

on Thursday, 24 March 2016, Posted in Experience

Aronson Capital Partners is pleased to announce the acquisition of Force 3, Inc. (“Force 3” or the “Company”) by Sirius Computer Solutions, Inc. (“Sirius”), a portfolio company of Kelso & Company. ACP served as the exclusive financial advisor to Force 3 in this transaction.

Founded in 1991, Force 3 is recognized across the federal sector as a leading cyber security and networking solutions provider. With approximately 170 employees and $260 million in annual revenue, Force 3 will strengthen Sirius’ solutions portfolio in the areas of information security, software-defined networking, secure collaboration, enterprise networking, and data center solutions. Mike Greaney, Force 3 CEO, remarked, “Combining forces with Sirius helps Force 3 take the next step in accelerating our vision. Together, we will extend our geographic reach, solution offerings and networking capabilities in an industry that is very dynamic and fast-paced.”

Sirius Computer Solutions was founded in 1980 and is headquartered in San Antonio, TX. It has approximately 1,700 employees and more than 5,000 active clients across the United States. As a national IT solution provider, Sirius partners with many of the same strategic technology leaders as Force 3, including Cisco, Citrix, Dell, EMC, NetApp, Palo Alto, Splunk, VMware – and is also IBM’s largest solutions provider worldwide. Sirius was acquired by Kelso & Company, a New York City based private equity firm, in 2015.

 We believe this transaction illustrates several key trends in the government technology market:

  • The evolving cyber security threat continues to drive M&A interest in targets that have cleared engineering talent focused on securing the network;
  • There is renewed interest in federal acquisition targets by commercially focused buyers as the government accelerates the adoption of next generation technologies; and
  • Vehicle-rich targets with access to key IDIQs and GWACs command significant buyer interest, particularly as a platform investment to rapidly scale a federal business. Specifically, Force 3 is a prime contractor on NETCENTS-2, SEWP V, NIH ECS III, CIO-CS, and ITES-3H

Aronson Capital Partners has served as a trusted strategic advisor for Force 3 for many years and has helped the Company navigate its growth strategy. Force 3 CEO Mike Greaney commented, “The Aronson team provided senior level thought leadership from start to finish and identified a large, commercially focused strategic buyer that will allow us to accelerate our growth strategy. Aronson’s insights, experience, and hands on style were invaluable to our success”.

Aronson Capital Partners is a leading M&A advisor to middle-market defense and government technology solutions providers. For a comprehensive update of industry M&A activity, please read our quarterly newsletter.