• Welsh, Carson, Anderson & Stowe (WCAS), a technology-focused private equity firm, has acquired GovernmentCIO (GovCIO), a leading provider of high-end tech and digital solutions to the Federal Health IT Services market
  • WCAS has appointed Jim Brabston, a former senior executive at Stanley and Camber, to serve as CEO. Joe Cormier, a former senior executive at Camber, Sotera Defense and ManTech, will serve as an EVP and CFO. GovCIO founder Brian Moran will also stay with the company
  • DC Advisory served as exclusive financial advisor to WCAS on its acquisition of GovCIO


  • GovCIO, founded in 2010, provides next-gen technology solutions and digital services, including DevOps, cybersecurity, data analytics, AI and Agile transformation
  • GovCIO has a franchise position within attractive federal health agencies, including
    the Department of Veterans Affairs and Department of Health and Human
  • The company has won $700+ million of prime awards with these agencies in the past three years and holds seats on key contract vehicles, including T4NG and VICCS


  • WCAS' investment in GovCIO will support continued organic growth with existing and adjacent customers
  • This transaction will enable GovCIO's to reach new customers and expand its capability areas through focused acquisition strategy
  • The partnership enables GovCIO to invest in its technical capabilities and customer relationships to further differentiate its value proposition in the market
  • WCAS' partnership with GovCIO will help the company achieve its next level of growth and scale