EverWatch announced on Monday that the national security services provider, backed by Enlightenment Capital, has acquired BrainTrust Holdings, a leading provider of innovative technology solutions to the intelligence and defense communities, for an undisclosed sum to further expand technical service offerings and contract pursuits in the intelligence sector.
“In this current environment of either a few very large companies or thousands of small companies, our government customers are looking for fully capable mid-sized prime contractors to help them with their most critical missions,” said John Hillen, CEO of EverWatch and a former Wash100 Award winner.
Senior management and founders from BrainTrust will merge with EverWatch’s current business unit. Fred Funk, chief growth officer of EverWatch, will lead the merged unit in Columbia, Md. to help the company pursue mission critical programs and continue its growth across all its businesses in addition to the intelligence sector.
“The addition of BrainTrust enables EverWatch to continue to aggressively pursue our strategy of combining innovative technical capabilities with the infrastructure and reach of a mid-tier player,” said Jason Rigoli, partner with Enlightenment Capital and chairman of EverWatch.
The acquisition comes less than two weeks after ACES secured a potential five-year, $100.3 million contract on July 27th to build command, control, communications, computer, intelligence, surveillance and reconnaissance systems for the service branch.
“We are really excited to join the team at EverWatch and to continue the hard work of supporting our clients’ most important missions,” said Robert Kiffney, founder & CEO of BrainTrust. “The cultures of these two companies are a great fit, and our whole management team is thrilled to be part of taking EverWatch to the next level.”
Baird served as the exclusive financial advisor to BrainTrust for EverWatch’s acquisition.
EverWatch is a government solutions company providing advanced intelligence, defense, and deployed mission support to our country’s most critical missions. The company has approximately 350 employees, nearly 100% of which hold government security clearances.
Primary customers include various agencies of the Intelligence Community, the Office of the Undersecretary of Defense for Intelligence (OUSDI), the US Air Force, the US Navy, and the Department of State. The company is headquartered in Reston, VA with operations in Columbia, MD and Aurora, CO and has employees deployed in five continents.