Vienna, Arlington government contractors merge
The Ambit Group, GreenZone Solutions Inc. join forces
Vienna-based government contractor The Ambit Group and Arlington-based IT company GreenZone Solutions Inc. have merged.
Financial terms of the transaction were not disclosed. The combined company will operate under the Ambit brand.
Founded in 2004, Ambit provides mission-driven services for government customers, while GreenZone specializes in data management, operations, science and analytics.
Under the merger, Ambit founder and CEO Kim Hayes will serve as co-CEO along with Ashequl Hoque, who currently serves as an Ambit partner and CFO. Qasim Hussain, chief operating officer of GreenZone, will serve as the chief innovation officer, Sandy Peavy will be chief information officer, LC Cook will be chief growth officer and Eric Hansen will serve as senior vice president of delivery operations.
The merger was completed in partnership with AE Industrial Partners Structured Solutions I LP, an affiliate of AE Industrial Partners LP. It was financed by Atlantic Union Bank.
“The demand for transformative IT services in the federal government has never been greater, and we believe the combination of Ambit and GreenZone will offer their customers a wider array of IT solutions,” AEI partner Kirk Konert said in a statement.
Holland & Knight LLP served as legal adviser and Agreeance LLC served as a merger and acquisition consultant to Ambit, while Pillsbury Winthrop Shaw Pittman LLP served as legal adviser to GreenZone.