Private-equity firm Madison Dearborn Partners, LLC has formed a partnership with industry veterans and former Dovel Technologies executives Damon Griggs and Jon Brooks, to pursue investments in the federal technology sector.
Both executives have industry expertise and a track record of delivering growth.
“Damon and Jon bring a wealth of expertise and proven success building companies that provide valuable solutions for federal clients that will benefit MDP’s continued investment in the attractive market for government technology services,” said Matt Norton, managing director and head of MDP’s Business & Government Software and Services team.
“We look forward to partnering with Damon and Jon to identify businesses with significant growth potential that will benefit from the unique combination of Damon and Jon’s expertise and MDP’s deep industry knowledge and resources,” Norton added.
Griggs served most recently as CEO of Dovel Technologies. Dovel was sold to Guidehouse, a global management consultancy firm, in late 2021.
“MDP shares Jon’s and my vision to build a new platform focused on delivering advanced technical capabilities to address the evolving demands of our federal customers,” Griggs said. “Jon and I are grateful for the opportunity to join MDP in this next chapter, as we identify highly-regarded businesses that are well-positioned to compete and win in the competitive federal technology services market.”
Brooks brings more than 20 years of transactional, legal and compliance experience and has successfully closed transactions totaling over $7 billion, including Dovel’s sale to Guidehouse.
“Damon and I are pleased to partner with the MDP team as we work to utilize our collective resources, expertise and deep relationships to build a leading government technology and tech-enabled services platform,” Brooks said.