October 29, 2018 | Tysons Corner, VA Dealmaking activity continues to heat up for Offit Kurman’s Mergers and Acquisitions (M&A) Practice Group, led by Offit Kurman Corporate Attorney Michael N. Mercurio with the recent sale of Analysis, Computing and Engineering Solutions, Incorporated (ACES) to Ian, Evan & Alexander (IEA) Corporation, a portfolio company of Enlightenment Capital.
For 13 years, ACES provided information technology, analysis, and engineering services to US government agencies. The company was founded by Jeb Pair, a veteran of the US Air Force. Since its founding, ACES grew to more than 90 employees working in Colorado, Maryland, Georgia, Ohio, Virginia, and Washington, DC. In addition, ACES’ employees have deployed to numerous locations overseas, including Afghanistan and Iraq, in support of US troops. One key differentiator of ACES has been its employee stock ownership plan (ESOP) structure. The ESOP structure provided an added dynamic that the Offit Kurman team needed to coordinate.
IEA is a rapidly growing, full-service, turnkey government solutions company. The firm provides intelligence, public diplomacy, and IT strategy, technical, and analytical support services to a diverse set of federal customers.
Mr. Mercurio and his team of attorneys including Brent Salmons and Dan Hofherr worked closely with ACES’ stakeholders to develop transaction terms that maximized the benefits for the company and its owners. The sale of ACES follows a recent chain of successful transactions for the firm’s M&A Practice, whose motto is “We make deals happen®.”
In the past few years, Offit Kurman has represented numerous government contractors in mid-market M&A transactions, as well as buyers and sellers in various industries seeking to grow through strategic business transactions.
Prior to the close of the ACES deal, Mr. Mercurio and his M&A colleagues helped United Support Services (USS), LLC divest a joint venture. These transactions follow close on the heels of VetsAmerica’s sale to Veteran Enterprise Solutions, Inc., and Active Physical Therapy Services’ acquisition of Rehabilitation Services of Greater Washington—also facilitated by Offit Kurman’s M&A attorneys. Click here for the most notable M&A deals the team has executed.
If you are a business owner thinking of selling or buying a business, Click here for more information on how to take advantage of the current M&A market and to contact an M&A attorney to discuss your best option.
ABOUT MIKE MERCURIO
Mr. Mercurio serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, healthcare, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management, and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 170 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our twelve offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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