Ted Davies, Altamira
Altamira Technologies Corp. has been bought by an investor group led by ClearSky, a venture capital and growth equity firm, in a play that intends to further position the company for organic growth and investments.
An analytics and engineering solutions provider for the national security community, Altamira was initially formed to fill the gap in mid-sized innovators with ability to scale and change with the evolving threat and technology environment.
Altamira has reported a 20%+ compound annual growth rate over the past four years, and holds a multibillion-dollar set of contract vehicles expanding into defense, intelligence and homeland security.
“We are very excited by the opportunity that this new partnership will provide to continue to drive strong organic growth, invest in innovative new solutions, as well as for strategic acquisitions,” Altamira CEO Ted Davies said. “We have carefully constructed a unique platform built to scale and support core national defense and intelligence missions and are enthused that our investors share our vision for the future.”
ClearSky’s consortium includes McNally Capital and Nio Advisors. As part of the transaction, ClearSky Managing Director Peter Kuper, Chairman Joseph R. Wright, Jr. and McNally Capital Managing Partner Ward McNally will join Altamira’s board of directors.
Jonathan Moneymaker, Altamira
Altamira President Jonathan Moneymaker said:
“It has been a tremendous honor to lead the organization and its incredible employees in becoming a premier mid-market innovation partner to the National Security Community. The leadership team is poised and ready to capitalize on its market position partnered with ClearSky, McNally, and Nio to take the company to the next level in support of our National Security customers and their critical missions.”
Altamira has positioned itself to continue to provide trusted, value-added and critical mission-focused solutions, Wright said.
“We are pleased to support the strong management team and professionals at Altamira, and are excited by the opportunities for further business growth and innovation at Altamira,” he said.
KippsDeSanto & Co. served as the exclusive financial adviser for the transaction, and Cooley LLP served as legal adviser to Altamira.
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