Constellis last week said it has entered into a binding agreement for a management-led buyout of the operational support and risk management services company by a consortium of investors.
“This management-led buyout positions us for continued growth as we look to further diversify our service offering and expand into new markets and geographies,” Jason DeYonker, CEO of Constellis, said in a statement. “Our current management team will remain unchanged and will continue to execute our strategic plan. This new partnership with an expanded group of well respected sponsors will enable us to steepen our growth curve and broaden our strategic vision.”
The consortium of investors will be headed by the investment firm Apollo Global Management and will include DeYonker, Dean Bosacki, president of Constellis, and certain other members of management. Constellis said that other investors expected to join the consortium will include Forte Capital, Manhattan Partners and a group of existing co-investors. DeYonker is the founder and managing partner at Forte.
Terms of the deal were not disclosed.
In June, Constellis won a spot on the $900 million U.S. Special Operations Command Mission Support contract and in February it won a slot on the Defense Department’s $975 million Counter Narcotics and Global Threats contract.
Constellis companies include Triple Canopy, Olive Group, ACADEMI, Strategic Social and Edinburgh International.