DC Advisory* acted as a financial advisor to Salient CRGT, Inc. (“Salient CRGT”) on its acquisition of Information Innovators, Inc. (“Triple-i”). Salient CRGT, backed by private equity sponsors Bridge Growth Partners and Frontenac, is a leading provider of agile software development, data analytics, mobility, cyber security and infrastructure solutions.
Triple-i, founded in 2001 and backed by DFW Capital Partners, is a technology and mission-focused company serving the federal government, with particular strength in the healthcare IT arena. Triple-i serves federal departments including Health and Human Services, Veterans Affairs, Homeland Security, Defense, Commerce, Transportation, Education, Housing and Urban Development, and the Intelligence Community. With the acquisition, Salient CRGT will increase its revenues to more than $500 million, solidifying the company’s position in the mid-tier federal IT services market.
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