GovernmentCIO has wrapped up its acquisition of Salient CRGT as part of efforts to establish a combined company that will provide information technology platforms meant to meet the evolving priorities and needs of federal government clients.
GovCIO CEO Jim Brabston will lead the combined entity, which will operate as GovCIO with over 2,200 employees and approximately $700 million in 2021 revenues, the company said Thursday.
“Combining the capabilities and talent found in both companies will provide accelerated value to our federal customers and fuel our growth,” said Brabston.
Salient CRGT CEO Tom Ferrando will serve as a board member and Phil Nolan, an industry veteran and board chairman of Salient CRGT, will chair the combined company.
John Anderson, Rebecca Miller and Kristin Gill, chief operating officer of GovCIO, will serve as sector presidents at GovCIO. Anderson will lead national security solutions and Miller will oversee programs related to health and civilian agencies. Gill will manage veteran and enterprise technology solutions.
Lucas Narel, chief financial officer at Salient CRGT, will join GovCIO as CFO and Allen Deitz, executive vice president of growth at Salient CRGT, will serve as chief growth officer of the combined company.
Joe Cormier, EVP and CFO at GovCIO, will assume the role of COO at the combined entity.
Michael Hoffman will continue to serve as president of media and research at GovCIO.
GovernmentCIO, which is backed by private equity firm Welsh, Carson, Anderson & Stowe and a digital platforms provider in the federal health IT services market, agreed to buy Salient CRGT from Bridge Growth Partners and Frontenac in early July.
Fairfax, Virginia-based Salient CRGT provides cloud, data analytics, cybersecurity, Agile software development and infrastructure platforms and services to national security, civilian and federal health agencies.