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Leading National Security Solutions Provider VTG Receives Majority Investment from A&M Capital Partners

Chantilly, Va. (Sept. 19, 2023) – VTG, an industry-leading provider of modernization and digital transformation solutions to Defense and Intelligence Community customers, announced today that it has received a new majority investment from A&M Capital Partners.

“I have never been more enthusiastic or optimistic about VTG’s future,” said John Hassoun, VTG President and CEO. “This partnership with AMCP will accelerate VTG’s growth trajectory, allowing us to make investments in the emerging capabilities and technologies most needed by our customers, and providing our employees with tremendous new career opportunities.”

Tracing its earliest roots to 1866, VTG engineers solutions across all classes of naval warships and submarines, a diverse array of aircraft, and a comprehensive suite of C5ISR, combat and weapon systems. The Company also develops undersea and autonomous technologies for the U.S. Navy, and delivers digital solutions and specialized mission support to the U.S. Intelligence Community. VTG has been a portfolio company of The Jordan Company since 2012. TJC exited its ownership of VTG as part of this transaction.

“We are very excited about our partnership with VTG,” said Jack McCarthy, Managing Partner and Founder of A&M Capital. “The Company’s strong portfolio of long-tenured contracts supported by a highly experienced leadership team positions the business well for continued growth over the coming years.”

“We view VTG as a highly attractive platform with differentiated technical and delivery capabilities,” said Alex Nivelle, a Partner of A&M Capital. “VTG is well positioned for expansion across its Defense and Intelligence Community customer base, and we look forward to working with the management team to pursue a hybrid organic and acquisition-driven growth strategy.”

A&M Capital Partners was advised by Kirkland & Ellis LLP. VTG was advised by Baird, Citizens Capital Markets and Mayer Brown LLP.

 

About VTG

VTG delivers modernization and digital transformation solutions that expand America’s competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow’s Transformation Today. For more information, visit us at www.VTGdefense.com.

About A&M Capital Partners

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $3.3 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.8 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners. Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.

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VTG Named a 2023 Top Washington-Area Workplace by The Washington Post

Chantilly, Va., June 16, 2023 – VTG, an industry-leading provider of force modernization and digital transformation solutions, has been named one of The Washington Post’s 2023 Top Workplaces in the Washington, D.C. area. Selection is based solely on employee feedback gathered through an anonymous third-party survey administered by research partner Energage, LLC, which measured several aspects of workplace culture, including alignment, execution, and connection. This year’s honorees include government contractors, real estate firms, consulting groups, and tech companies.

 

“For the past ten years, the Top Workplaces list has been a credible guide to companies, old and new, in the D.C. region where employees feel valued,” said Washington Post Top Workplaces editor Bronwen Latimer. “As a new generation enters the workforce, the Post is more committed than ever to highlighting the changing landscape of work and how these companies are thriving in it.”

 

“I’m grateful to the Washington Post for this recognition and proud of our team,” said John Hassoun, VTG President and CEO. “Our mission-focused, people-first culture is attracting and retaining the best talent in the industry, driving innovation, and producing measurable results for our customers.”

 

For more about The Washington Post’s Top Workplaces and to see the full list of this year’s honorees, visit Top Workplaces 2023.

 

About The Washington Post

The Washington Post is an award-winning news leader whose mission is to connect, inform, and enlighten local, national, and global readers with trustworthy reporting, in-depth analysis, and engaging opinions. It combines world-class journalism with the latest technology and tools so readers can interact with The Post anytime, anywhere.

 

About Energage

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 16 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

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VTG Awarded Prime Position on $4B Navy PEO C4I CANES Full Production Contract

Chantilly, Va., April 12, 2023 – VTG, an industry-leading provider of force modernization and digital transformation solutions, announced today that it has won a prime position on a multiple-award Department of the Navy contract for the production of the Consolidated Afloat Networks and Enterprise Services (CANES) information warfare platform. CANES is the Navy’s program of record to consolidate surface ship and submarine C4ISR networks and infrastructure. The indefinite delivery, indefinite quantity contract was awarded by PEO C4I and the Tactical Networks Program Office (PMW 160). It has a potential value of $4.1 billion over a ten-year period of performance.

“The deployment of CANES across the Fleet is critical to achieving distributed warfighting and decision superiority,” said John Hassoun, VTG president and CEO. “VTG has installed and integrated CANES aboard numerous warships and submarines since the program’s inception. We’re proud that the Navy is now asking VTG to also produce CANES, an important recognition of our robust and growing C4ISR modernization capabilities.”

CANES provides a secure tactical afloat network for Naval and Joint Operations. It leverages a common computing environment and mature cross-domain technologies, reducing network infrastructure footprint and costs, and increasing reliability, security, interoperability, and application hosting. PEO C4I will use the CANES Full Deployment Contract to procure build-to-print CANES production units, kits, modules, components, software, spares, and development items.

VTG provides comprehensive modernization services to the Navy. From design, development, and prototyping of emerging technologies to production, installation, integration, and sustainment of combat, weapon, and C4ISR systems, the Company performs full lifecycle engineering across an expansive portfolio of prime contracts with the Navy system commands.

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VTG Acquires Next Rev Technologies, LLC, Enhancing Multi-Cloud Software Development and Adding Intelligence Community Customers

CHANTILLY, Va., Nov. 15, 2022 — VTG, an industry-leading provider of force modernization and digital transformation solutions, is pleased to announce the acquisition of Next Rev Technologies, LLC., a trailblazer in cloud solutions and multi-cloud strategies for the U.S. Intelligence Community. Next Rev adds differentiated digital, software, and cyber expertise to VTG’s growing suite of technical capabilities, and greater depth in data science and advanced analytics.

“Next Rev adds valuable in-demand and highly complimentary capabilities along with exceptional new client relationships to VTG’s portfolio,” said John Hassoun, VTG President and CEO. “This acquisition is the next investment in our targeted growth strategy, and I’m excited to welcome the Next Rev team to VTG.”

Founded in 2016 by innovator and industry veteran Charles Griffin, the Next Rev team has earned a reputation within the intelligence community and among its industry partners for being nimble and creative “solutioneers” for some of the most mission-critical intelligence programs and on some of the most technically challenging problems. “Next Rev was founded on the principle of Going Beyond – for our customers, our teammates, and the mission,” said Griffin. “I’m proud of what the Next Rev team has accomplished for the intelligence community. With VTG, we’re going to take it to the next level. This is the perfect combination for our customers and the right home for our employees.”

VTG continues to execute on its strategy, building the preeminent mid-tier national security company. Next Rev represents VTG’s fifth acquisition since Hassoun took the helm in 2017. The company deepens VTG’s digital transformation capabilities required for its rapidly growing defense and intelligence community customer portfolio.

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VTG Awarded NAVAIR NAWCAD RAPID MAC Prime Contract

VTG, an industry-leading provider of force modernization and digital transformation solutions, was awarded a RAPID MAC prime contract on the Naval Air Warfare Center Aircraft Division (NAWCAD) Webster Outlying Field (WOLF) RAPID MAC IDIQ in Pool 2: Command and Control (C2) Solutions and Pool 4: Shipboard Combat Systems. This effort will provide engineering design, tailored systems engineering, and product acquisition in the development, integration, and fielding of solutions for warfighting capability gaps. The scope includes the application of rapid development, rapid prototyping, and organic Lead Systems Integration in the development of product-based solutions in areas to include: Combat Integration & Identification Systems, Ship & Air Integrated Warfare Systems, Special Communications Mission Solutions, Air Traffic Control & Landing Systems, Airborne Systems Integration, Integrated Command and Control. The period of performance for the RAPID MAC is March 04, 2022 to March 03, 2027.

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VTG Moves Up to #22 in Washington Business Journal’s List of Largest Government Technology Contractors

Alexandria, Va., Mar. 16, 2022 – VTG, an industry-leading provider of force modernization and digital transformation solutions, announced today it has ranked No. 22 on Washington Business Journal’s List of Top Government Technology Contractors. This is an advancement of 10 places above its ranking as No. 32 on the same prestigious list last year. The popular D.C. area business publication annually celebrates the largest government technology contractors in the federal market based on total number of full-time employees that each company employs in the Greater Washington region.

“I’m once again grateful to the Washington Business Journal for acknowledging VTG’s impressive growth over the past year,” said John Hassoun, VTG president and CEO. “But I’m especially proud of the team from across the VTG enterprise. We have been tremendously successful in growing our business because of the deep expertise and steadfast commitment that VTG’s talented professionals provide our defense and intelligence community customers in areas most critical to the nation’s security.”

Last fall, VTG also ranked No. 28 on Washington Business Journal’s 2021 Fastest Growing Companies list with a three-year growth rate of 59.25 percent. It was VTG’s second year on the Fastest Growing Companies list.

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VTG Appoints Navy Retired Admiral Jim Shannon as EVP for Government Relations

CHANTILLY, Va., Jan. 5, 2022 — VTG, an industry-leading provider of force modernization and digital transformation solutions, announced it has appointed retired Navy admiral (RADM) Jim Shannon to a new leadership team role as Executive Vice President for Government Relations. Shannon is the former president of ASSETT, Inc., VTG’s latest acquisition.

“We are honored to have Jim take on this new responsibility,” said VTG President and CEO John Hassoun. “He will be a force multiplier across the VTG enterprise, enhancing the support we deliver to our Defense and Intelligence Community customers and positioning our growing technology portfolio to meet our customers’ emerging mission requirements.”

Shannon was a leader in the Department of the Navy’s acquisition workforce for over 15 years, with his final eight years as a flag officer. He spent his first 20 years in the Navy as a fleet operator, serving on seven different afloat commands including as commanding officer of a guided missile frigate. Shannon was also a leading Navy spokesperson for weapon system architectures; oversaw future modernization plans and budgets for all non-nuclear ships while serving as a deputy commander, Naval Sea Systems Command; and led the Navy’s warfare center enterprise of over 20,000 personnel and a diverse group of programs from cruise missile defense to counter IED threats.

As deputy assistant secretary of the Navy for International Programs, Shannon advised dozens of partner national leaders, among more than 40 countries, and coordinated maritime solutions for local and regional security problems across the globe. After retiring from the Navy, Shannon joined PricewaterhouseCoopers public sector as a leading consultant for all Naval Executive advisory supporting maritime security.

Shannon first joined VTG’s executive team when VTG acquired ASSETT in August 2021. ASSETT develops AI/ML applications for undersea and unmanned systems and is a longstanding industry leader in submarine SONAR acoustics and signal processing. The acquisition enhanced VTG’s core capabilities, including systems and cybersecurity engineering, software development and data science, with deep expertise in model-based systems engineering, DevSecOps, AI/ML, and human-machine teaming.

Shannon holds degrees from the U.S. Naval Academy, the Naval Postgraduate School, and the College of Naval Warfare in Newport, Rhode Island. He was also certified Level III as a program manager in the Defense Acquisition Workforce and attended the Defense Acquisition University.

Learn more about Jim Shannon and the acquisition at VTGdefense.com.

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VTG Hires Naval Sea and Air Systems Executive Rick Sabol as Senior Vice President

CHANTILLY, Va., Nov. 10, 2021 — VTG, an industry-leading provider of force modernization and digital transformation solutions, announced today that it has hired Rick Sabol as senior vice president. In this new role, Sabol will oversee a growing portfolio of U.S. Navy support programs, including VTG’s recently won Navy Strategic Systems Programs prime contract to provide engineering services for the Navy’s hypersonic strike capability.

“Rick is an incredible asset to VTG. He has extensive experience delivering services, solutions and technologies to the Navy systems commands, our highest priority customers,” said VTG President and CEO John Hassoun. “Our leadership team looks forward to having his insight and expertise as we work together to provide the next generation of warfighting capabilities to our defense and intelligence community customers.”

Sabol brings more than 35 years of experience to VTG, including from his most recent role as senior vice president of operations for SAIC’s Defense Systems Group, where he led the company’s Naval Sea & Air Systems Operation. In this role, he was responsible for the strategic direction, planning and execution of SAIC’s effort to provide mission-oriented systems engineering, platform integration, training, enterprise IT and management services to the Naval Sea Systems Command, Naval Air Systems Command, affiliated Program Executive Offices and Warfare Centers, the Chief of Naval Operations, U.S. Fleet Forces Command and the Military Sealift Command.

Earlier, Sabol was vice president and operations manager with Alion Science and Technology, leading the In-Service Support Operation within the company’s Acquisition & Program Management Group. His responsibilities included providing engineering and program management support to various U.S. Navy programs at PEO SHIPS, SEA 21, PEO IWS, PEO Carriers, NAVAIR and Naval District Washington, both in the U.S. and internationally.

Sabol has a Bachelor of Science in public policy and management and a Master of Science in public management and policy analysis, both from Carnegie Mellon University. He is a Project Management Institute Certified Project Management Professional and a Lean Six Sigma Black Belt.

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VTG celebrated as #28 on list of Fastest Growing Companies in the D.C. area by Washington Business Journal

Chantilly, Va., Oct. 15, 2021 – VTG, an industry-leading provider of force modernization and digital transformation solutions, announced today that it has been ranked No. 28 on Washington Business Journal’s 2021 Fastest Growing Companies list with a three-year growth rate of 59.25%.

“I’m very proud of our committed team of professionals throughout the VTG enterprise and grateful to the Washington Business Journal for recognizing our success,” said John Hassoun, VTG president and CEO. “This has been an extraordinary time for VTG. Our acquisitions have stimulated impressive organic growth, and we’ve deepened our expertise in technologies critical to our nation’s security. We’re excited about our business growth but even more excited about the transformative capabilities we’re delivering to our defense and intelligence community customers.”

This is VTG’s first year on the Washington Business Journal’s Fastest Growing Companies list, which acknowledges companies’ growth and success over the past three years within the D.C. area. Earlier this year, VTG ranked as No. 32 on Washington Business Journal’s list of Top Government Technology Contractors, which is based on the number of employees in the Greater Washington region and celebrates the largest government contractors in the federal market.

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VTG Wins Navy Hypersonics Engineering Prime Contract

CHANTILLY, Va., September 14, 2021 — VTG, an industry-leading provider of force modernization and digital transformation solutions, announced today that it has won a prime contract from the U.S. Navy Strategic Systems Programs to provide engineering services for the Navy’s hypersonic strike capability, a top Defense Department priority. Under the single-award contract, VTG will support the Conventional Prompt Strike Program Office, a division of SSP, with research and development expertise, systems engineering, test planning and test engineering, logistics, and a wide range of programmatic and technical services.

“VTG is honored to partner with Navy SSP and the CPS Program Office in developing and fielding a hypersonic weapon,” said John Hassoun, VTG president and CEO. “We recognize the importance of hypersonic technologies as a deterrent to near-peer competitors, and we are proud to be a key member of the growing hypersonic industrial base.”

CPS will provide the Navy with a hypersonic conventional weapon capable of precise, timely, long-range strike against deep-inland, time-critical, soft- and medium-hardened targets in contested environments. The missile, which is comprised of a hypersonic glide body and a two-stage booster, will fly at speeds exceeding Mach 5 and be launched from both surface ships and submarines. The Navy is the lead designer for the common hypersonic missile that will be fielded by both the Navy and the Army. The Navy plans to deploy the first CPS weapon system aboard the Zumwalt-class destroyers in FY2025 followed by the Virginia-class attack submarines in FY2028.

Navy SSP’s selection of VTG to support the CPS program follows a string of other recently announced awards that have positioned VTG as a critical partner to the Navy in delivering the diverse array of offensive, defensive, and digital capabilities needed for Distributed Maritime Operations. In July, VTG announced its selection to integrate the ODIN directed energy laser weapon system aboard the Arleigh Burke-class destroyers. Earlier this year, VTG announced that it had started work on a prime contract to support the Naval Digital Integration Support Cell in accelerating naval digital transformation.

“VTG is excited to add hypersonics to our growing portfolio of engineering expertise,” said Sunil Ramchand, VTG chief growth officer. “We’re looking forward to supporting the CPS program and doing what we do best: leveraging top engineering and technical talent to rapidly deliver transformative capabilities and technologies to the Fleet.

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