November 19 2024
KippsDeSanto & Co. advises Pragmatics, Inc. on its sale to Integral Federal
KippsDeSanto & Co. is pleased to announce its client, Pragmatics, Inc. (“Pragmatics” or the “Company”) has been acquired by Integral Federal, Inc. (“Integral Federal”).
Founded in 1985, Pragmatics is a distinguished provider of specialized solutions to complex challenges, with a strong reputation across the U.S. federal government. With nearly 40 years of experience, Pragmatics delivers a comprehensive suite of IT modernization services including DevSecOps, cloud integration, agile development, and infrastructure solutions to both federal civilian and Department of Defense agency customers.
The transaction marks the first for Integral Federal under its executive team which has over 125 years of combined experience growing and operating government contracting IT service-based businesses. By leveraging Pragmatics’ deep IT expertise, Integral Federal will be better positioned to meet the diverse needs of its customers in the national security space.
This transaction highlights several key trends in the M&A market:
• A fairly diverse set of interested buyers currently exist for premier targets
• Continued demand for well-positioned IT service providers with established relationships across well-funded federal government agencies; and
• Significant demand for firms with prime unrestricted contracts supporting unique and notable federal government programs of consequence with significant backlog and long-term visibility
LEAD INVESTMENT BANKERS
Bob Kipps
Brian T. Tunney
KippsDeSanto & Co. is pleased to announce its client, Pragmatics, Inc. (“Pragmatics” or the “Company”) has been acquired by Integral Federal, Inc. (“Integral Federal”).
Founded in 1985, Pragmatics is a distinguished provider of specialized solutions to complex challenges, with a strong reputation across the U.S. federal government. With nearly 40 years of experience, Pragmatics delivers a comprehensive suite of IT modernization services including DevSecOps, cloud integration, agile development, and infrastructure solutions to both federal civilian and Department of Defense agency customers.
The transaction marks the first for Integral Federal under its executive team which has over 125 years of combined experience growing and operating government contracting IT service-based businesses. By leveraging Pragmatics’ deep IT expertise, Integral Federal will be better positioned to meet the diverse needs of its customers in the national security space.
This transaction highlights several key trends in the M&A market:
• A fairly diverse set of interested buyers currently exist for premier targets
• Continued demand for well-positioned IT service providers with established relationships across well-funded federal government agencies; and
• Significant demand for firms with prime unrestricted contracts supporting unique and notable federal government programs of consequence with significant backlog and long-term visibility
LEAD INVESTMENT BANKERS
Bob Kipps
Brian T. Tunney