Department of Defense
Large Scale Data Management
Madison Dearborn Partners and CoVant Management to Acquire Leading AISR Technology Solutions Provider, AEVEX Aerospace
Chicago and San Diego, March 9, 2020 — Madison Dearborn Partners, LLC (“MDP”) and CoVant Management (“CoVant”) announced today that funds affiliated with MDP and CoVant have agreed to acquire AEVEX Aerospace (“AEVEX” or “the Company”), a leading provider of...
Chicago, Ill. and McLean, Va., January 30, 2019 – Madison Dearborn Partners (“MDP”) and CoVant Management (“CoVant”) announced today that they have signed a definitive agreement to sell LGS Innovations, a leading provider of command, control, communicatio ns,...
Chicago and Los Angeles, May 29, 2018 - Madison Dearborn Partners (“MDP”) and CoVant Management (“CoVant”) announced today that they have acquired LinQuest Corporation (“LinQuest” or the “Company”), a leading provider to the U.S. defense and intelligence communities...
CoVant was established by Joseph Kampf and other former senior executives of Anteon International Corporation. This team grew Anteon from a $100 million company when acquired in 1996 to a $1.7 billion company when sold in 2006 to General Dynamics for $2.2 billion. CoVant was formed for the purpose of providing capital and operational expertise to companies in the federal technology solutions marketplace, and, in 2012, teamed with Madison Dearborn Partners, LLC to pursue such opportunities.
In 2008, the CoVant team completed its first acquisition post-Anteon, A-T Solutions, Inc. (“ATS”). ATS is a leading anti-terrorism company focused on enhancing the safety and security of our nation. Over the next 7 years, CoVant expanded ATS’s capabilities and customers by providing additional capital and advice to ATS, which completed four acquisitions and grew its annual revenue from $34 million to $200 million. In 2015, the CoVant team completed a successful exit from ATS with its sale to PAE.
In 2014, CoVant worked with Madison Dearborn Partners (“MP”) to acquire LGS Innovations LLC (“LGS”) from its parent company, Alcatel-Lucent. LGS delivers next generation solutions that solve the most complex networking and communications challen ges facing the U.S. federal government, state and local governments, foreign governments, and commercial enterprises worldwide. In early 2019, CACI purchased LGS for $750 million.
In May of 2018, CoVant and MDP partnered with LinQuest Corporation. LinQuest designs, develops, and delivers state-of-the-art engineering and advanced technology solutions C4ISR programs of national importance.