August 12, 2015
Willkie represents private equity firm Bridge Growth Partners and CRGT, a full life‐cycle IT services provider for the Federal Government, in this merger of equals.
On August 11, Salient Federal Solutions, Inc. and CRGT Inc., a full life‐cycle IT services provider for the Federal Government, announced an agreement to merge, forming Salient CRGT. The combined company is backed by private equity firms Bridge Growth Partners and Frontenac, both of which have extensive experience in the federal services sector. Willkie represented Bridge Growth Partners and CRGT in this merger of equals.
The newly combined company will meet the IT modernization and business intelligence needs of federal agencies and other government customers, providing greater technical expertise, enhanced mission capabilities and broader resources. With a broad portfolio of innovative solutions in Agile software development, data analytics, mobility, and cyber security, it is anticipated that Salient CRGT will generate approximately $375 million in annual revenue and employ more than 1,700 people.
Bridge Growth Partners invests in growing and important segments of the technology and financial services sectors. Willkie also represented Bridge Growth Partners in its acquisition of CRGT, announced last November.
The current deal was handled by partners Adam Turteltaub, Michael Katz and Christopher Peters, special counsel Russell Smith and Miriam Bishop and associates Howard Block, Isabel Araujo, Halie Klein, Adam Remo and Andrew Shapiro.
