Private equity firm Altamont Capital Partners has acquired background investigations firm Omniplex World Services Corp. for an undisclosed amount, Washington Technology reports.
This is Altamont’s second acquisition within a month as it bought window maker Cascade Windows in December 2012, according to the report.
“Partnering with the Altamont Team will allow Omniplex to continue to grow and invest in additional areas inside and adjacent to current core offerings, ” said Michael Santelli, new Omniplex chief operating officer.
Altamont made the transaction to pursue growth in the federal market, Mark Hoover writes.
Randall Eason, an Altamont managing director, said he believes Omniplex has growth opportunities.
Julien Patterson, founder and chairman of Omniplex, said he thought the private equity firm understood the nature of its business.
Bluestone Capital Partners served as financial adviser to Omniplex on the transaction, according to the report.
“The Altamont investment and management objectives and tenets clearly align with the Omniplex operational and cultural foundation, ” Santelli added.
Altegrity appointed former GTSI CEO Sterling Phillips to serve as chief executive of its USIS subsidiary, which conducts background investigations for the U.S. Office of Personnel Management.
