Altamont Capital Partners has agreed to sell its portfolio company OMNIPLEX World Services to Constellis, a portfolio company of Apollo Global Management. Altamont acquired Omniplex in December 2012.
Omniplex is a provider of background investigations and physical security to the government, civil agencies, and commercial clients. The company, founded in 1990, has approximately 2,100 employees and a network of 1,700 investigators operating across the US. Omniplex, led by CEO Mike Santelli, is headquartered near Washington DC in Chantilly, VA (www.omniplex.com).
“The acquisition of OMNIPLEX is another important step in our growth strategy as we continue to focus on diversifying our revenues by expanding our service offerings to critical customers,” said Jason DeYonker, Chief Executive Officer of Constellis. “OMNIPLEX’s core competency in investigative services is an important upstream capability that brings us closer to our customers to help address some of their most challenging concerns.”
Constellis, acquired by Apollo in September 2016, is a private security company that provides integrated security, mission support and risk management services to corporate, government and nonprofit clients. The firm was founded in May 2003 by US Army Special Forces veterans, including former Delta Force personnel, and has approximately 20,000 employees. Constellis’ US government division is headquartered in Reston, VA while its commercial operations are based out of Dubai, UAE (www.constellis.com).
Altamont Capital Partners invests in middle-market businesses with specific interest in the financial services, government services, consumer/retail, industrials and healthcare sectors. Altamont was formed in 2010 by Jesse Rogers, Randall Eason and Keoni Schwartz who previously worked together at Golden Gate Capital and Bain & Company. The firm has $2 billion of capital under management and is based in Palo Alto (www.altamontcapital.com).
Apollo has total assets under management of $197 billion in private equity, credit and real estate funds invested across a core group of nine industries: chemicals; commodities; consumer & retail; distribution & transportation; financial & business services; manufacturing & industrial; media, cable & leisure; packaging & materials; and satellite & wireless. The firm has offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai (www.agm.com).
Constellis will finance the acquisition of OMNIPLEX with incremental first-lien term loans under its existing credit facility.
© 2017 Private Equity Professional | August 17, 2017
