Author: Brenda Marie Rivers|| Date Published: April 9, 2021
McNally Capital and Nio Advisors have acquired McLean, Virginia-based professional services company Orbis Operations for an undisclosed sum as Orbis looks to establish a position in the national security market.
Chicago-based McNally said Thursday it completed the acquisition through a capital fund and in accordance with the family-owned private equity firm’s partnership model aimed at creating value for its portfolio companies.
Orbis offers national security and intelligence advisory services as well as behavior analysis-based training, cyber and software engineering support to government and commercial customers. The privately held firm has positions on the General Services Administration’s Professional Services Schedule and the U.S. Navy’s SeaPort-NxG contract.
“Our partnership with the Orbis team aligns with our internal expertise in the aerospace & defense industry and our investment thesis in intelligence and national security,” said Ravi Shah, a principal at McNally.
Ropes & Gray acted as McNally’s legal counsel on the transaction. DLA Piper and William Blair served as the legal and sole financial adviser to Orbis, respectively.
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