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New Deal


Announced

Completed

Cherokee Federal completed the acquisition of Criterion Systems.

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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Acquisition

Private

Majority

United States

cybersecurity

IT Services: Other

Friendly

Completed

Single Bidder

Domestic

Synopsis

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Cherokee Federal, the government contracting arm of Cherokee Nation Businesses, completed the acquisition of Criterion Systems, a cybersecurity and IT services company. Financial terms were not disclosed. “The strategic decision to acquire Criterion was made with the evolving needs and long-term success of the customer in mind. In addition to helping federal agencies address emerging cybersecurity requirements crucial to the protection of our nation, Criterion delivers efficient and secure methodologies and architectures for modernizing government IT that are unparalleled in the industry,” Steven Bilby, Cherokee Federal President.

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