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New Deal


Announced

Arlington Capital-backed Tyto Athene to acquire AT&T Government Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

it services

Domestic

Pending

Acquisition

Private

Majority

Friendly

IT Services: Other

Single Bidder

Private Equity

Synopsis

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Arlington Capital-backed Tyto Athene, a full-service systems integrator that provides design, installation, and support of complex voice, data, and security networks, agreed to acquire AT&T Government Solutions, a provider of IT professional services. It is expected to close at the end of the first quarter or early in the second quarter of 2021. Financial terms were not disclosed. “We believe that the cultures of Tyto and GSI are highly complementary as both are focused on delivering superior solutions to the customer and mission. The incremental IDIQ contract vehicles that will convey with GSI, such as Alliant 2, RS3, ITES-3S, Seaport-NxG, and MEGASTAR, will provide us new ways to contract with our customers. We will continue to be poised to benefit from the secular tailwinds of U.S. Government investment in legacy IT modernization and cybersecurity efforts. Tyto looks forward to teaming with AT&T to identify and pursue opportunities in the DoD and beyond," Chris Meilhammer, Tyto Athene President and COO.

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