Private equity firm Sagewind Capital has invested in Federal Advisory Partners, a management consulting company headquartered in Arlington, Virginia.
Federal Advisory Partners is the New York-based investment company’s fifth platform within the government services market and primarily offers strategic, advisory and analytics support to federal health care agencies, Sagewind said Wednesday.
Steven Lefkowitz, a managing partner of Sagewind, said the firm aims to help Federal Advisory Partners diversify and bring its offerings to a new customer set.
As part of the transaction, Federal Advisory Partners CEO Tim Borchert, Chief Operating Officer Andrew Patrick and Vice President Chris Katkocin will retain their leadership positions.
Sagewind added that Forrest Faison, a former U.S. Navy surgeon general, will serve on Federal Advisory Partners’ board of directors. He served nearly four decades at the military branch and achieved the rank of vice admiral.