Federal Advisory Partners, a Sagewind Capital portfolio company, has purchased Favor TechConsulting for an undisclosed sum to further advance the delivery of information technology and integrated management consulting support to federal sector clients.
Tim Borchert, CEO of Federal Advisory Partners, said in a statement published Tuesday the two companies are strategically aligned to deliver technology and advisory services to government clients facing complex challenges.
“We look forward to the next chapter of growth as the two companies work together to scale and bring deep expertise and diverse capabilities to better serve our customers into the future,” added Borchert.
Founded in 2007, FTC is Vienna, Virginia-based company that supports digital transformation efforts of federal civilian, defense and intelligence agencies by delivering IT platforms and services. The company’s capabilities include IT infrastructure and modernization, cyber and threat detection, intelligence engineering and operations, Agile transformation and data science and analytics.
“This new partnership enables us to aggressively pursue our long-term growth strategy, explore market expansion through potential acquisitions, and enhance our offerings for advanced, full-cycle digital services,” said FTC President Benjamin Lin.
Baird served as FTC’s financial adviser and Holland & Knight acted as the company’s legal counsel. Paul, Weiss, Rifkind, Wharton & Garrison and Morrison & Foerster advised Federal Advisory Partners on the transaction’s legal aspect.