Six3 Systems Inc., a provider of national security and defense intelligence services, has acquired BIT Systems Inc., a provider of intelligence, surveillance, and reconnaissance solutions. No financial terms were disclosed. Six3 Systems is a portfolio company of GTCR, and was advised on the deal by Cook Associates.
Chicago-based Cook Associates M&A Advisory Services (Cook M&A; www.cookassociates.com/ma) is excited to announce that Robert Coleman, Chief Executive Officer of Six3 in partnership with GTCR, one of the nation’s leading private equity firms, has acquired BIT Systems, Inc. (“BITS”)
In April 2009, through the CEOVisions® Acquisition Services program, Cook M&A partnered Mr. Coleman with GTCR to form Six3 Systems, a new company headquartered in Fairfax, VA, focused on building a government services platform specializing in national security and defense intelligence. CEOVisions® is a service designed to partner exceptional executives who have an investment thesis with PEGs to build industry-leading companies.
The acquisition of BIT Systems, Inc. is Six3’s second acquirement since its inception in April 2009. BITS is an Intelligence, Surveillance, and Reconnaissance (“ISR”) company that specializes in the design, development, integration and maintenance of signal processing systems, data analysis, software development, and other mission operations. Six3 Systems completed its first transaction in July, 2009 when it acquired Harding Security Associates, Inc. (“HSA”), a leading provider of identity intelligence, forensics analysis and security services.
“Mr. Coleman’s recent successful completion of the BIT Systems acquisition is yet another testament to the effectiveness of the CEOVisions® program,” reiterated Arnis Kins, President of Cook Associates, Inc.
About Cook Associates CEOVisions® Acquisition Services
Cook Associates M&A Advisory Services has built a solid track record of connecting clients to ideal M&A opportunities and facilitating their successful closing. Using our FocusFirst® strategy, Cook M&A partners with private equity groups to execute industry investment strategies and collaborate on market opportunities for potential acquisition on their behalf. Through our CEOVisions® Acquisition Services program, we partner industry-leading executives with private equity groups to acquire and build companies. Since its establishment in 1996 the firm has completed more than 65 transactions ranging from $5 million to $800 million in enterprise value. To learn more about Cook M&A, please visit us at www.cookassociates.com/ma.
About Six3 Systems
Six3 Systems, headquartered in Mc Lean, Virginia, is a company focused on acquiring government services providers with a focus on national security.
GTCR manages more than $8 billion in equity and mezzanine capital invested in a wide range of companies and industries. The firm principally invests in high-growth industries, including business services and outsourcing, consumer products and services, healthcare, technology, and transaction processing. Growth strategies are driven by industry dynamics and generally include a combination of acquisitions and internal growth.