Riordan, Lewis & Haden has sold its portfolio company Secure Mission Solutions, a security consulting firm, to Parsons Corporation.
Secure Mission Solutions (SMS) provides security consulting services to agencies of the US government including the Department of Defense, the military health system, the intelligence community, and select civilian agencies. The company’s services are used to defend against and avoid disruptions in operations from cyber attacks, theft, and physical damage. The company is based in Reston, VA (www.securemissionsolutions.com).
“In the past four years, SMS has become a premier provider to the federal government of cyber and electronic security solutions, an area that has been widely recognized as America’s highest priority for national defense,” said J. Christopher Lewis, Managing Partner of Riordan, Lewis & Haden. “This positioning has enabled the SMS team to earn many sizable federal contract awards in support of vital missions such as protecting military data networks and securing key elements of the nation’s critical infrastructure. We congratulate the entire SMS organization on their achievements and their contributions to our nation, and wish them continued success in the future as part of the Parsons team.”
Parsons Corporation is a privately held engineering, construction, technical, and management services firm which generated $3 billion of revenue in 2013. The company serves customers in the transportation; defense and security; environmental and infrastructure; and natural resources sectors. Parsons has over 14,000 employees and is headquartered in Pasadena, CA (www.parsons.com).
Riordan, Lewis & Haden invests in high growth, lower middle market companies that have revenues from $20 million to $150 million. Sectors of interest include business services, healthcare, and government services. The firm currently manages over $600 million of assets and is actively seeking new portfolio companies. Riordan, Lewis & Haden is based in Los Angeles (www.rlhequity.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-21-14