// CCP Capital Announces its Acquisition of Wireless Maritime Services
October 17, 2022
CCP Capital Strategies LLC (“CCP”), a private equity investment firm, today announced that a newly formed CCP affiliate has acquired 100 percent of the stock of Wireless Maritime Services, LLC (“WMS”) from AT&T and Anuvu. Formed in 2005 and headquartered in Miramar, Florida, WMS provides maritime cellular networks enabling secure, high-performance connectivity at sea. WMS’ existing management team will continue to lead to the business, which will now operate as an independent platform.
“This transaction is an important milestone for WMS and we’re excited to partner with CCP to continue to deliver and innovate our best-in-class wireless offerings. Our focus will remain on our customers, employees and partners as we commence this new and exciting phase for WMS,” said Pramod Arora, WMS President & CEO.
“We’ve been close to the WMS story since 2006 when the company pioneered the maritime cellular market and we’re thrilled to partner with this team as the business transitions to be an independent platform,” said David Collier, CCP’s Managing Partner. “WMS’ market leadership positions it well to address a rapidly expanding opportunity for specialized wireless connectivity solutions.”
Moore & Van Allen and Morgan, Lewis and Bockius served as legal counsel to CCP. Drake Star Partners served as the exclusive financial advisor to AT&T and Anuvu. Kilpatrick Townsend & Stockton LLP and Wiley Rein LLP served as legal counsel to AT&T. Weil, Gotshal & Manges LLP served as legal counsel to Anuvu. Terms of the transaction were not disclosed.
About CCP Capital Strategies
CCP Capital is a private equity investment firm focused on companies operating in specialty communications, aerospace and government services. The firm specializes in working with founder-operators and in executing seamless divestitures to build best-in-class middle market companies. CCP has offices in Greenwich, CT and Atlanta, GA.
WMS is a leading provider of maritime cellular networks, supporting the cruise, ferry, yacht and shipping industries worldwide. As award winning technology leaders, WMS enables digital transformation shaping the future of maritime by connecting people, data, and things through an exceptional wireless network experience. The company is headquartered in Miramar, FL with additional operations in Atlanta, GA.
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// CCP Capital Announces the Acquisition of EIS in Partnership with Management
December 11, 2020
CCP Capital Strategies (“CCP”), an investment firm specializing in the aerospace, defense and government sectors, is pleased to announce the acquisition of Executive Information Systems, LLC in partnership with Charles Mathews and Patrick Krause, the company’s founders.
Headquartered in the Washington, DC area, EIS provides powerful software and related solutions to public sector customers with applications primarily in large scale data analytics for security and artificial intelligence. For more than 20 years, EIS has provided technology and expertise enabling its agency customers to solve complex problems and execute their missions effectively.
David Collier, CCP’s Managing Partner, said, “EIS is a great fit with our strategy to back mission-oriented companies providing technology-based solutions to government customers. We are excited to partner with Pat and Charles, both to continue to support their existing customer base and to address new analytics needs in the DoD and Intel markets.”
Charles Mathews, CEO of EIS, said, “Pat and I sought out a private equity partner experienced in the markets we operate and where we see the greatest opportunities for growth. We found that with CCP and are thrilled to collaborate to write the next chapter of the EIS story.”
FON Corporate Finance (www.foncf.com) advised the company on the transaction.
About CCP Capital Strategies
CCP Capital is a growth-oriented private equity firm focused on lower middle market companies operating primarily in aerospace, defense, government and adjacent sectors. The team, which previously ran Chart Capital Partners before launching CCP Capital in 2019, has over 20 years’ experience investing in the ADG sector. CCP is based in Greenwich, Connecticut.
// Chart Capital Partners Completes Sale of FedData
August 16, 2018
Chart Capital Partners (“Chart Capital”) is pleased to announce the sale of its portfolio company Federal Data Systems (“FedData”), a leading provider of technology and IT security-oriented professional services, to a private investment group.
Chart Capital, based in Greenwich, CT and New York, NY, is a leading private equity investment firm focused on companies operating in defense, government, security and adjacent sectors.
FedData is a leading provider of technology solutions and counter-intelligence services to the Intelligence Community of the US Government. Through a newly-formed division, Domain5, Fed Data also provides specialized, high end cybersecurity services to commercial clients. Chart Capital partnered with FedData to acquire the Intelligence Community division of Intelligent Decisions in 2016.
Jamie Benoit, FedData’s Chief Executive Officer said, “This was a complex transaction followed by an aggressive plan to integrate and re-organize the two companies. Chart Capital brought a depth of experience and sector knowledge to guide us through the challenge. Their financial and strategic support helped us build a strong foundation for continued growth, and a great deal of value for management and shareholders.”
David Collier, Managing Partner of Chart Capital said, “With FedData, we partnered with an exceptional management team with an uncommon understanding of its customer. In a short amount of time, the team was able to integrate the organizations to address better the emerging needs of government and commercial cybersecurity customers. Jamie and his team shared the vision and really delivered. It was a privilege to partner with them.”
FedData is a leading provider of information technology products and services to government and commercial markets. The company specializes in the design, delivery, implementation and monitoring of automated systems with a corporate emphasis on infrastructure design, data security, incident response, continuity of operations, and information assurance. Through its prime contracts with the United States Intelligence Community, FedData designs and implements sophisticated IT networks for systems of national importance. Through its Domain5 division, the company also provides sophisticated cybersecurity services to commercial clients. For more information, please visit www.feddata.com.
About Chart Capital Partners
Chart Capital is a private equity investment firm organized to acquire and build best-in-class lower middle market companies operating primarily in defense, government, security and adjacent sectors. Founded in 2000, Chart Capital collaborates with superior management teams to effect growth-oriented divestitures, recapitalizations and change of control transactions. For more information, please visit www.chartcapital.com.