Aronson Capital Partners is pleased to announce the acquisition of our client, Capital City Technologies, by Ernst & Young. ACP served as the exclusive advisor to Capital City in this transaction.
Based in Atlanta, Capital City advises senior-level public sector executives responsible for executing high-priority business transformation and ERP efforts. The Company provides services relating to high-end strategic program management, financial compliance, ERP integration, and financial management. The Company’s customers are spread across the Department of Defense; primary customers include the Air Force, Defense Information Systems Agency, Defense Finance & Accounting Service, USTRANSCOM, and the Office of the Secretary of Defense’s Business Transformation Agency. CCT was named to Inc. Magazine’s list of the country’s 500 fastest growing companies in both 2008 and 2009.
Ernst & Young is a member firm of the global Ernst & Young organization, a worldwide leader in assurance, tax, transaction and advisory services. CCT’s service offerings will complement Ernst & Young’s existing offerings in its Government & Public Sector practice.
This represents the 8th transaction completed by Aronson Capital Partners in 2009 and embodies several key trends in the government IT and professional services market:
- Continuing M&A interest among strategic buyers focused on niche businesses that are well positioned in areas of national priority
- The emergence of commercial and diversified buyers due to relative stability in the government services market
- An ongoing emphasis within the federal government on transforming financial systems and better leveraging IT to reduce costs and drive efficiency