Home / M&A Activity / NewSpring Holdings Creates Fourth Government Services Platform Through Sentinel Acquisition; Andy Maner Quoted

NewSpring Holdings Creates Fourth Government Services Platform Through Sentinel Acquisition; Andy Maner Quoted

Andy Maner

NewSpring’s holding company has expanded its reach in the federal services market through its purchase of The Sentinel Company for an undisclosed amount.

NewSpring Holdings said Thursday the acquisition led to the creation of its fourth government services platform, which will be led by Sentinel CEO Andy Maner.

Maner said the acquisition will allow the two companies to build their businesses in the middle-market segment in the federal sector.

He added that he gained a partner in business investments and operational leadership through the agreement.

Washington, D.C.-based Sentinel offers strategic consulting, operational support and technology services to a range of customers that includes the Defense Department and public and private sector entities for border security, national security and federal health.

Radnor, Pa.-based NewSpring Holdings provides growth opportunities to emerging companies through acquisitions and organic methodologies.

Check Also

Kevin McDonnell to Join AeroVironment as SVP, CFO

Kevin McDonnell, former senior vice president and chief financial officer of JAMS, has been appointed to the same positions at unmanned aircraft system maker AeroVironment (Nasdaq: AVAV). His appointment is effective Feb. 10 and he will succeed Brian Shackley, who has held the CFO role at AeroVironment on an acting basis since October, the company said Thursday.

Army Engineers Select Brayman for $320M Bluestone Dam Rehabilitation Contract

Brayman Construction has landed a potential nine-year, $319.6M contract from the U.S. Army Corps of Engineers to renovate recreational areas and equipment at the Bluestone Dam's stilling basin in West Virginia.