BCP Acquires Apogee to Strengthen Government Services Platform; Frank Varga Quoted

Private equity management firm Bernhard Capital Partners has expanded its government services platform with its purchase of Apogee Engineering.

Apogee supports federal government customers by providing critical platforms and services across the areas of cybersecurity, technology modernization and integration and program management, BCP said Tuesday.

In 2023, BCP created its government services platform through its acquisition of Duotech Services. The platform helps advance the modernization of technological and physical platforms used by government employees worldwide.

“We are excited to have found a new home for our company and team in Bernhard Capital, a high-quality private equity sponsor that will accelerate Apogee’s business strategy and build on our legacy of delivering critical technology solutions to government clients,” said Frank Varga, formerly chief operating officer who was recently promoted to CEO of Apogee.

“We are confident that Apogee will have a strong owner in BCP and are excited about the next stage of growth as part of BCP’s government services platform,” added Varga.

Auxo Partners served as Apogee’s financial adviser in the transaction, while growth[period] offered sell side advisory services to the company.