Behrman Capital has acquired Tresys Technology, a provider of cybersecurity products, services and solutions to government and commercial customers.
Tresys offers services and products that address computer network defense. The company currently focuses on information sharing, cross domain solutions, content filtering and file sanitization. Tresys is based in Columbia, MD (www.tresys.com).
General Peter Pace, an Operating Partner at Behrman Capital, will serve as the Chairman of the Tresys Board of Directors. General Pace served as the 16th Chairman of the Joint Chiefs of Staff, the most senior position in the United States Armed Forces, from September 2005 to October 2007. As the principal military advisor to the President, the Secretary of Defense, the National Security Council and the Homeland Security Council, General Pace was a principal architect of the nation’s cybersecurity strategy. General Pace is currently the Chairman of Pelican Products and a Director of ILC Industries
“The acquisition of Tresys represents the culmination of our search for a high quality asset in the cybersecurity sector while also building on the firm’s significant expertise in defense and intelligence operations. A longtime leader in cybersecurity, Tresys has successfully bridged the gap between the high-assurance government and critical infrastructure markets,” said Grant Behrman, Managing Partner of Behrman Capital. “We are confident that its current capabilities and infrastructure, product portfolio and outstanding customer relationships will provide a strong foundation for substantial operational and financial growth. We are excited to partner with Tresys’ CEO Gary Latham and his team to accelerate the company’s development.”
“Today marks the beginning of an exciting new chapter for our company. Tresys has made great strides in developing the infrastructure and product offering we need to take the company to the next level. Under Behrman’s ownership, we will be able to more fully develop our sales and marketing organization, continue to expand our technology portfolio and achieve the scale to compete as a prime contractor for critical cybersecurity initiatives in government and critical infrastructure,” said Tresys CEO Gary Latham. “I want to thank our entire team for everything they have done to get us to this point. As the company has evolved and expanded over the years, we have worked together to build and maintain a unique culture that serves our customers well and makes Tresys a special place to work.”
Behrman Capital invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The firm’s investments are primarily focused in five industries: health care, specialty manufacturing, business to business outsourcing, defense and information technology. Behrman Capital currently has in excess of $3 billion in assets under management. The firm was founded in 1991 and has offices in New York and San Francisco (www.behrmancap.com).
White Peak Capital, a merchant banking firm with offices in McLean, VA and Columbia, MD (www.wpcap.com) acted as financial advisor to Tresys. White Peak Capital provides mid-market and large corporate transaction advisory services, and also makes control equity investments in smaller middle market companies with positive operating income.
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-9-13