Aronson Capital Partners Advises Novonics Corporation

on Friday, 14 December 2012, Posted in Experience

Aronson Capital Partners ("ACP") is pleased to announce the acquisition of Novonics Corporation ("Novonics") by Camber Corporation, a portfolio company of New Mountain Capital. ACP served as the exclusive financial advisor to Novonics Corporation in this transaction.

Headquartered in Washington, DC, Novonics is a leading software development and engineering firm specializing in simulation-based training, command and control, and information management technologies for U.S. Department of Defense ("DoD") and international partners. The Company's growing employee base has a unique fluency in rapidly evolving technologies that provide customers with solutions in the areas of warfare simulation software development, integration of tactical and training systems, virtual world technologies, instructional system design, interactive courseware development, and the preparation of fleet synthetic training events.

Headquartered in Huntsville, AL, Camber Corporation provides systems integration and engineering, cyber security, acquisition management, logistics and sustainment, and interactive training to federal government and commercial customers worldwide. Novonics will build upon Camber's existing foundation of simulation-based training, network test and evaluation, command and control, information management, and training architectures.

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

  • Strategic buyers' continued interest in targets that deliver differentiated software development solutions in areas of the US defense industry that are less susceptible to budgetary cuts
  • Increased focus on companies that develop and employ technologies that enhance efficiencies and provide more cost-effective solutions for DoD programs (e.g., the utilization of virtual / constructive training vs. live training)
  • The resiliency of private equity-backed companies' M&A programs despite spending headwinds across the sector

Aronson Capital Partners is a leading M&A advisor to middle-market defense and government technology solutions providers. ACP provides a full range of M&A and corporate finance advisory services to enable our clients to achieve their growth and liquidity objectives. With our exclusive focus on the federal sector, we are able to provide clients with a unique industry perspective and access to longstanding relationships with the most active strategic buyers.