Arlington Capital Partners and JMI Equity have sold their equity interest in Compusearch Software Systems to ABRY Partners. Compusearch is a provider of acquisition and program management software to Federal agencies, the Department of Defense program offices, and government contractors. Arlington and JMI led the recapitalization of Compusearch in June 2010.
Compusearch’ software provides federal, defense and intelligence agencies with visibility, control, and transparency that is needed to manage productivity and performance and to meet government reporting requirements. The company’s software products were developed specifically for agencies of the US federal government and are the most widely adopted acquisition and grants management systems with more than 50,000 authorized users representing 80 organizations around the globe. Compusearch was founded in 1983 and is headquartered just west of Washington DC in Sterling, VA (www.compusearch.com).
Compusearch is led by its Chief Executive Officer Reid Jackson, Chief Financial Officer Daniel Ilisevich and Chief Technology Officer Brock Lending.
“We have had a productive and successful relationship with Arlington Capital and JMI for nearly five years. Working with ABRY over the past several months, we have been impressed by their energy, creativity, and knowledge of our business and market,” said Mr. Jackson. “We look forward to working with them to expand our offerings with a goal of driving efficiency, compliance, and transparency in the government supply chain.”
ABRY Partners invests in the media, communications, and business and information sectors. ABRY is currently investing ABRY Partners VII (a $1.6 billion private equity fund), ABRY Senior Equity III (a $750 million senior equity/mezzanine fund) and ABRY Advanced Securities Fund II (a $1.2 billion senior debt fund). The firm is headquartered in Boston (www.abry.com).
“We are thrilled to be partnering with the Compusearch team,” said Brian St. Jean, Partner, ABRY Partners. “First and foremost, we are in the business of finding and backing companies that have proven track records of delivering value for their clients. During our time with the Compusearch team, we have come to find the assembled group is a superior one, both in terms of ability, as well as in passion and dedication to their clients’ missions.”
Arlington Capital Partners has $1.5 billion of committed capital and focuses on buyouts and recapitalizations of companies valued from $50 million to $500 million. Sectors of interest include government services and technology, aerospace & defense, healthcare, and business services & software. The firm is based in Washington, DC (www.arlingtoncap.com).
JMI Equity is a growth equity firm that invests in software and technology-enabled services companies. Founded in 1992, JMI has invested in 115 businesses and has over $3.1 billion of committed capital under management. The firm has offices in San Diego and Baltimore (www.jmi.com).
Senior financing for this acquisition was provided by SunTrust.
2015 PEPD • Private Equity’s Leading News Magazine • 5-11-15