Metalmark Capital, a buyout firm based in New York, has purchased Schafer Corporation, a government intelligence systems business, for an undisclosed amount.
Press Release:
Schafer Corporation, a leading provider of scientific, engineering, systems integration, programmatic support, and technical solutions to government clientele, today announced a majority investment by Metalmark Capital, a New York-based private equity firm. Financial terms were not disclosed.
Schafer has a national footprint supporting mission-critical government programs for all three branches of the United States Armed Services, the Defense Advanced Research Projects Agency (DARPA), the Missile Defense Agency (MDA), the National Aeronautics and Space Administration (NASA), and the Department of Homeland Security. John Garcia, who has led Schafer since 2000, will continue as Chief Executive Officer. John Gilligan, formerly Senior Vice President and Director of the Defense Sector at SRA International and Chief Information Officer (CIO) of the US Air Force and Department of Energy, will join the board as Vice Chairman. Lawrence (“Larry”) Delaney, formerly Chief Operating Officer of Titan Corporation and Acting Secretary, Assistant Secretary for Acquisition, and CIO of the US Air Force, will join the board as Chairman.
“We are excited about our partnership with Metalmark Capital,” said John Garcia, CEO of Schafer Corporation. “We anticipate that Metalmark’s access to capital and industry expertise will enable Schafer to accelerate its growth plan and enhance service offerings. It will also allow Schafer to improve its ability to serve customers who are increasingly seeking objective analysis and innovative solutions to satisfy complex and important mission requirements.”
“In its 30-year history, Schafer has developed a reputation for providing outstanding support for sophisticated technology programs within the government services sector,” said Jeff Siegal, Managing Director of Metalmark Capital. “We look forward to working with John Garcia and his exceptional team to assist the company as it continues to provide services and support to high-priority programs.”
Houlihan Lokey Howard & Zukin and Posternak Blankstein & Lund served as financial and legal advisor to Schafer Corporation. Kirkland & Ellis served as legal advisor to Metalmark Capital.
About Schafer Corporation
Schafer Corporation is a provider of scientific, engineering, systems integration, programmatic support and technical services/solutions, primarily to government clientele. Schafer has a national footprint supporting mission-critical programs for customers including the US Armed Services, the Defense Advanced Research Projects Agency (DARPA), the Missile Defense Agency (MDA), the National Aeronautics and Space Administration (NASA), and the Department of Homeland Security. The Company has been widely recognized for its technical expertise and ability to provide objective analysis that leads to the development of innovative, problem-solving solutions. For more information, please visit www.schafercorp.com.
About Metalmark Capital
Metalmark Capital is a leading private equity firm whose principals have a long track record of successful investing in targeted sectors, with particular focus and competence in energy/natural resources, industrials, healthcare, and defense/government services. Metalmark Capital seeks to build long-term value through active and supportive partnerships with the companies and management teams in which it invests. For more information, please visit www.metalmarkcapital.com.
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