The transaction provides a significant growth investment for a leading Small Business providing services to the United States Government.
Arlington, Va., February 11, 2022 – FON Corporate Finance, LLC (FON) announced today that it acted as the exclusive advisor to Atlas Executive Consulting (Atlas) in its sale to Ignite Digital with debt and equity financing provided by Farragut Capital Partners. Headquartered in San Diego, CA, with a principal office in Charleston, SC, Atlas Executive’s nearly 200 employees are the backbone of a leading Small Business providing quality program management, financial and audit services, and analytics to the Federal Government, in particular, the US Navy.
In November 2021, Atlas was named the sole, prime recipient of the Naval Information Warfare Center (NIWC)’s Management and Business Analytic Service contract, now in its second iteration with the company and with a contract value several times the first.
Marc Murphy, CEO of Ignite Digital, commented, “This is one of the most exciting sectors for new growth and Atlas is well positioned to accelerate our platform. They have a track record of driving value back to the customer base that has resulted in solid year-over-year growth. I’m excited about personally investing in this deal and the potential to expand Atlas as a market leader.”
Atlas Atlas Executive co-founder, Paul Kitchin, will transition to serving on the Company’s Board and will maintain ownership in the Company alongside key executives. He stated that FON Managing Director, Cameron Hamilton, “worked with our Company’s leadership for several years to help us understand the value of our enterprise and how to increase it. He worked tirelessly to navigate us through buying out a founder, adding new key partners, and this recapitalization through a new investment partner. Cameron’s knowledge and demeanor are second to none and he always worked for the best solution for us, putting immense time into incremental deal negotiations to ensure that we were happy with the outcome.”
Contact information is as follows:
Jason R. Frank
Chief Executive Officer
FON Corporate Finance, LLC
FON Corporate Finance, LLC
ABOUT US: FON Corporate Finance is a middle-market investment bank providing objective strategic and financial advice to its broad array of clients. We specialize in providing M&A advice, private capital raising, and other financial advisory services to privately-owned businesses, divisions of large corporate parents, and portfolio companies of private equity firms focused on the ADG industry. Our services are built on comprehensive industry knowledge, extensive transaction experience, senior-level attention to every client engagement, and a real-time understanding of industry-specific value drivers.
FON Corporate Finance, LLC is a SEC-registered broker-dealer and member of FINRA and SIPC. The information contained in this communication is not intended to be construed as an offer, solicitation, or a recommendation to purchase any security. Investment banking products and services within the United States are offered exclusively through FON Corporate Finance, LLC. For more information, visit https://fonadvisors.com/services/investment-banking/.