Transactions
September 12, 2024
KippsDeSanto & Co. advises Harmonia Holdings Group, LLC on its strategic investment from Madison Dearborn Partners
KippsDeSanto & Co. is pleased to announce that its client, Harmonia Holdings Group, LLC (“Harmonia” or the “Company”), has received a strategic investment from Madison Dearborn Partners (“MDP”), a leading private equity investment firm based in Chicago that has raised aggregate capital of more than $31 billion since 1992.
Founded in 2006 and headquartered in McLean, VA, Harmonia provides innovative technology solutions to the U.S. Federal Government – delivering advanced technologies to help federal government customers harness the power of data to ensure mission success. The Company utilizes Agile and DevSecOps approaches to modernize its clients’ software and systems and enhance their AI/ML, cybersecurity, data, and cloud modernization capabilities. Harmonia has achieved strong growth over the past two decades by consistently investing in innovation and talent.
Harmonia’s co-founders, Pallabi Saboo and Jai Saboo, will retain significant ownership positions in the Company and will continue to be involved in the business as Strategic Advisors, with Pallabi also serving on Harmonia’s Board. Anil Patibandla will continue as Harmonia’s President, and Dr. Marc Abrams, also a co-founder, will continue as its Chief Technology Officer.
Damon Griggs and Jon Brooks, formerly the Chief Executive Officer and Chief Legal Officer of Dovel Technologies, are joining Harmonia’s executive team with Damon serving as Chief Executive Officer and Chairman of the Harmonia Board of Directors and Jon serving as Chief Business and Legal Officer. The investment represents a new platform for MDP, affording Harmonia a partner to support its mission.
This transaction highlights several key trends in the government technology solutions M&A market:
• Significant buyer interest for technology-enabled companies that provide innovative modernization solutions to the federal government;
• Continued demand for well-positioned IT platforms with established relationships across well-funded Federal Civilian agencies; and
• Financial sponsor appetite for scalable and growing Federal platforms investments remains strong.
LEAD INVESTMENT BANKERS
KippsDeSanto & Co. is pleased to announce that its client, Harmonia Holdings Group, LLC (“Harmonia” or the “Company”), has received a strategic investment from Madison Dearborn Partners (“MDP”), a leading private equity investment firm based in Chicago that has raised aggregate capital of more than $31 billion since 1992.
Founded in 2006 and headquartered in McLean, VA, Harmonia provides innovative technology solutions to the U.S. Federal Government – delivering advanced technologies to help federal government customers harness the power of data to ensure mission success. The Company utilizes Agile and DevSecOps approaches to modernize its clients’ software and systems and enhance their AI/ML, cybersecurity, data, and cloud modernization capabilities. Harmonia has achieved strong growth over the past two decades by consistently investing in innovation and talent.
Harmonia’s co-founders, Pallabi Saboo and Jai Saboo, will retain significant ownership positions in the Company and will continue to be involved in the business as Strategic Advisors, with Pallabi also serving on Harmonia’s Board. Anil Patibandla will continue as Harmonia’s President, and Dr. Marc Abrams, also a co-founder, will continue as its Chief Technology Officer.
Damon Griggs and Jon Brooks, formerly the Chief Executive Officer and Chief Legal Officer of Dovel Technologies, are joining Harmonia’s executive team with Damon serving as Chief Executive Officer and Chairman of the Harmonia Board of Directors and Jon serving as Chief Business and Legal Officer. The investment represents a new platform for MDP, affording Harmonia a partner to support its mission.
This transaction highlights several key trends in the government technology solutions M&A market:
• Significant buyer interest for technology-enabled companies that provide innovative modernization solutions to the federal government;
• Continued demand for well-positioned IT platforms with established relationships across well-funded Federal Civilian agencies; and
• Financial sponsor appetite for scalable and growing Federal platforms investments remains strong.
LEAD INVESTMENT BANKERS
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