News: Press Release
For Immediate Release
August 3, 2018 | Tysons Corner, VA Hot on the heels of a number of recently-closed deals, Offit Kurman’s Mergers and Acquisitions (M&A) Practice Group wrapped up another transaction with the sale of Edge Space Systems. Led by Offit Kurman corporate attorney and shareholder Michael N. Mercurio along with colleagues, Mike Petrizzo and Dan Hofherr, the firm represented Edge Space Systems, Inc. in a sale to Lentech, Inc. The deal was finalized on August 1, 2018.
Headquartered in Maryland, Edge Space Systems is a woman-owned small business that specializes in thermal systems engineering and analysis for space applications. Cindy Edgerton founded the company in 2003, on a mission to provide premier engineering, design, and analysis services to the aerospace community. One key differentiator of Edge Space Systems has been its employees: the company believes the key to developing a highly-skilled engineering organization is to concentrate on developing the technical capabilities of each engineer while also broadening the depth and breadth of the level of expertise within the group.
Lentech, the purchaser, is a privately owned Small Disadvantaged Business (SDB) that provides customers with reliable, scalable, responsive secure application and data center solutions and Enterprise IT services that encompass the entire enterprise lifecycle. Many of Lentech’s clients are federal and state government agencies. The company has offices in Albuquerque, NM, Greenbelt, MD, and Reston, VA.
For the attorneys of Offit Kurman, whose motto is “We make deals happen®,” the sale is yet another deal in a recent chain of successful transactions for clients—many of which are government contractors specializing in engineering and IT services.
Offit Kurman’s M&A Practice Group is currently developing a series of articles, resources, webinars, and speaking events focused on how business owners on both the sell-side and the buy-side can take advantage of the current M&A market. To learn more, and to get in touch with an Offit Kurman’s M&A attorney, click here.
ABOUT MIKE MERCURIO
Mr. Mercurio serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, health care, 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 eleven 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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