Home / Contract Awards / Veritas Acquisition Focuses on Security Clearances

Veritas Acquisition Focuses on Security Clearances

In the third private-equity backed deals in the past week, Veritas Capital continues its investment in the public sector by acquiring a business unit of Kroll, Inc.  Earlier in the week, Wyle Holdings Inc. was acquired by Court Square Capital Partners and A-T Solutions acquired Accelligence LLC .

veritasNewly-minted KeyPoint Government Solutions, Inc. joins other Veritas Capital investments such as Vangent, Inc., DynCorp, McNeil Technologies, and CRGT Inc.

KeyPoint will focus on security-clearance background investigations and employment screening investigations and employment screening services to U.S. government agencies.  Its customers include the Office of Personnel Management, the Homeland Security Department, the TSA, Customs and Border Protection, Immigration and Customs Enforcement, Citizenship and Immigration Services, the Justice Department, the Coast Guard, the Army National Guard and the LAPD.  The terms of the deal were not disclosed.

Veritas Capital Founder and Chairman Robert McKeon stated, “The acquisition of KeyPoint Government Solutions is consistent with our strategy of investing in strong companies that perform mission critical functions for the U.S. government.”

Jeff Schlanger, the unit’s president under Kroll, Inc., will continue to head the new company.

Other News

laboratory

Johns Hopkins’ APL Awarded $405M for Special Operations Analysis, Studies

Johns Hopkins University’s Applied Physics Laboratory will carry out analysis work and studies in areas ...

DDG51

Boeing, DRS Subsidiary Awarded Navy Destroyer Ethernet Installation Contracts

Boeing (NYSE: BA) and a DRS Technologies subsidiary have been awarded contracts worth $21.5 million ...