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Brightstar-backed ERC merges with Oasis Systems

ERC, a portfolio company of Brightstar Capital Partners, has merged with Oasis Systems to form a company that will provide advanced engineering, cybersecurity and technology-focused consulting solutions.

ERC, a portfolio company of Brightstar Capital Partners, has merged with Oasis Systems to form a company that will provide advanced engineering, cybersecurity and technology-focused consulting solutions. No financial terms were disclosed. Houlihan Lokey was financial advisor to ERC on the deal while Rothschild & Co did likewise to Oasis.

PRESS RELEASE

NEW YORK, HUNTSVILLE, Ala. and BURLINGTON, Mass., April 13, 2022 /PRNewswire/ — Brightstar Capital Partners, today announced that its portfolio company, ERC, LLC, has signed a definitive agreement to combine with Oasis Systems, LLC, to expand and scale advanced engineering, cybersecurity and technology-focused consulting solutions for global aerospace and defense communities. The acquisition is expected to close approximately in the second quarter of 2022. The two companies will join forces around one mission – customer success. By combining expertise in aviation, space, defense and cybersecurity with leading-edge innovations, the companies will bring together complementary capabilities and cultures to serve customers in more than 36 states across the U.S.

Tom Colatosti and Tim Nickerson from Oasis will lead the management of the combined companies. At closing, Colatosti, Chair of Oasis, will be appointed as the Board Chair and CEO of ERC-Oasis, and Nickerson, CEO of Oasis, will serve as Chief Operating Officer of ERC-Oasis. It is expected that corporate management of ERC and Oasis will continue in their current roles and report to Colatosti, with Oasis divisional and ERC program leadership reporting to Nickerson. ERC-Oasis will continue to operate out of both headquarters’ locations in Huntsville, Alabama, and Burlington, Massachusetts.

“This is an exciting step forward for our company to serve in this rapidly evolving industry,” said Colatosti. “Together we will unite our strengths, strong cultures and world-class employees to gain expanded capabilities and resources to deliver full lifecycle solutions that address our customers’ greatest challenges. The ERC-Oasis combination will pull together many capabilities while remaining steadfast to one mindset – the customer’s mission.”

“Our experienced and talented employees across the country are committed to providing the advantages needed to solve our customers’ and the nation’s toughest challenges,” said Stacy Riley, interim CEO of ERC. “We believe our organizations will be stronger together, offering even greater support to our many customers’ missions.”

“Our government continues to need comprehensive and innovative solutions to help support its missions, protect and defend our country, and move the nation forward now and for generations to come,” said Michael Singer, Partner at Brightstar. “We are excited to start a new chapter and see tremendous opportunities for growth by delivering a more robust set of services to better meet customers’ needs and expectations.”

ERC and Oasis share many important characteristics including an entrepreneurial engineering approach, core values, and a commitment to our nation and its future. Their common cultures are built on respect, empowerment and collaboration. Both ERC and Oasis also have a strong performance record of success and a long history of delivering cutting-edge engineering, technology, and specialized services to support our customers’ missions.

Combined, ERC and Oasis will offer differentiated capabilities that deliver advanced, full lifecycle solutions in the areas of:
Agile Software Development
Cybersecurity
Emerging Technologies
Information Technology
Mission Support
Modeling & Simulation
Research & Development
Systems Engineering
Test & Evaluation

ERC was advised by legal counsel Kirkland & Ellis and financial advisor Houlihan Lokey. Rothschild & Co served as the exclusive financial advisor to Oasis, and Sullivan & Cromwell served as legal counsel.