H.I.G Capital Acquires Whitney Bradley & Brown

Robert Olsen, WBB

Whitney, Bradley & Brown Inc. has been acquired by private equity firm H.I.G Capital, in H.I.G’s second major government market acquisition of the year.

Whitney, Bradley & Brown, based in Reston, Virginia, provides program management and consulting services to the Defense Department and other federal agencies.

Financial terms of the acquisition were not disclosed. H.I.G. recently acquired IT contractor NCI Inc., in a deal worth roughly $283 million.

Whitney, Bradley & Brown also named a new CEO, saying current CEO Bill McMullen will retire. Robert Olsen will take the reins as CEO, according to H.I.G.

Olsen said the acquisition will allow Whitney, Bradley & Brown to take advantage of H.I.G’s knowledge and resources.

“We’re looking forward to leveraging these resources to accelerate the execution of our growth strategy while expanding our ability to provide mission critical, best-in-class solutions on behalf of federal agencies,” Olsen said.

Jeff Zanarini, a managing director at H.I.G., thanked McMullen for his service.

“Bill and Robert have worked in tandem to position WBB as an integral partner to the Department of Defense and other federal agencies,” Zanarini said. “We believe WBB’s existing services provide a strong foundation and are looking forward to working with the team to expand WBB’s capabilities through organic investments and complementary acquisitions as we embark on this exciting next chapter of growth.”

H.I.G., which has $24 billion of equity capital under management, specializes in providing debt and equity capital to small and mid-sized companies. It has a current portfolio of over 100 companies.

 

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