Clarity Innovations and Chameleon Consulting Group merged to provide next-generation systems and cyberspace products and services to the Defense Department and Intelligence Community.
Clarity, a portfolio company of Capitol Meridian Partners, provides national security software, data and cyber engineering platforms. Chameleon provides full-spectrum cyber operations solutions and services.
“Chameleon is a best-in-class company whose culture and mission-first ethics align perfectly with our own. The fit felt very natural, and I am excited to round out our customer and capability sets,” said Wes Daniels, co-founder and CEO of Clarity.
“Chameleon’s impact and reputation in the cyberspace and information operations domains are unparalleled. Their expertise and offerings complement, expand, and enhance our collective impact. We will retain all staff and believe the combined platform will create new growth opportunities for the next generation of leaders. We are taking special care to ensure a smooth transition for all customers and employees.”
The combined business will keep the Clarity name and all employees. Daniels will continue as CEO. Chameleon’s co-founders Tim Berzins and Byron G. Williams remain senior executives.
“Our alignment with Team Clarity is a force multiplier for our team, our customers, and mission partners,” said Berzins and Williams. “CCG and Clarity are relentlessly focused on taking care of our people, helping our customers within the National Security sector accomplish their mission, and establishing ourselves as vanguards within our operational and mission focus areas. Our shared core values will ensure we fulfill commitments to our customers and colleagues. Together we will accomplish our vision and mission faster than on our own.”
Equity for the transaction came from Capitol Meridian Fund I, L.P. and its affiliates. Terms of the transaction, which closed June 3, were not disclosed.
“We believe combining Clarity and Chameleon, two founder-led businesses that share a common mission and culture, is the best answer for all customers and employees,” said Mike Gozycki, partner at Capitol Meridian Partners. “Together, we can build the premier National Security platform that leaves an indelible and lasting impact on our government mission partners and U.S. national security. Clarity and Chameleon’s like-minded, innovative, and agile cultures will accelerate our ability to operationalize high-impact capabilities.”
Baird was the exclusive financial advisor, Miles & Stockbridge served as legal counsel and Pipaya Partners provided financial advisory services to Chameleon. Latham & Watkins served as legal counsel, PwC provided financial advisory services. Macquarie Capital served as M&A advisor to Clarity and Capitol Meridian Partners.