Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Systems Planning & Analysis (“SPA”), a leading global provider of strategic advisory, systems engineering, modeling and simulation, advanced analytics, industrial policy, and program management solutions to government and defense customers, has acquired PRKK, LLC.
Founded in 2006, PRKK’s mission is the advancement of Space Domain Awareness and Space Superiority. PRKK is a recognized leader in large, cross-domain studies and analyses for clients such as the Office of the Secretary of Defense Strategic Capabilities Office (OSD SCO), U.S. Space Force, Space Security and Defense Program, and the Intelligence Community. PRKK has operations across the U.S. including Washington, D.C., Colorado Springs, CO, and Vandenberg SFB, CA.
The acquisition of PRKK, combined with continued organic growth, enables SPA to further expand its commitment to the Space and Intelligence sectors. PRKK will become a key part of SPA’s Space & Intelligence (“S&I”) Division under the leadership of Bruce Phillips, Senior Vice President. The Company will continue to provide its exceptional capabilities to a growing list of blue-chip clients while gaining access to SPA’s comprehensive portfolio of solutions and expertise.
“Evergreen Advisors provided invaluable guidance throughout the entire process. Their expertise, knowledge, efficient process and 24/7 communication and access allowed us to both successfully achieve our transaction goals and find an ideal home for our business.” Phil Ryan, PRKK Co-President.
“PRKK is a preeminent business in the emerging mission of space superiority, and the synergy with SPA and its culture will allow for continuing growth and influence in the space defense and intelligence markets. Working with the PRKK team was a pleasure and I am proud of our team’s execution throughout the deal process contributing to a successful outcome.” Sam DiPaola, President, Evergreen Advisors and Managing Director, Evergreen Advisors Capital.
Sheppard, Mullin, Richter & Hampton served as legal counsel to SPA and Shulman Rogers served as legal counsel to PRKK. Financial terms of the transaction were not disclosed.
About Systems Planning & Analysis, Inc.
With a heritage spanning more than 50 years, SPA is a premier global provider of innovative solutions in support of complex national security programs and defense priorities. SPA’s portfolio of differentiated capabilities and tools delivers a comprehensive range of solutions supporting the most critical programs for combatting threats, influencing long-term strategic priorities, and shaping policies at the highest levels. With over 1,600 professionals, SPA’s employees are subject matter experts in numerous domains, including Land, Undersea, Surface and Air Warfare Operations; Intelligence Community, Radar and Sensor Systems; Unmanned Systems and Counter Systems; Defense Industrial Base and Economic Security; Space Systems; Ballistic Missile Systems; Cybersecurity Analysis and Policy; and Hypersonics. Awards include GovCon Contractor of the Year in 2022, Washington Post Top Workplace consecutively since 2014, and Department of Labor HIRE Vets Gold Medal for the past five consecutive years. SPA is a portfolio company of Arlington Capital Partners. For more information: www.spa.com
About Arlington Capital Partners
Arlington Capital Partners is a Washington, DC-based private equity firm that has managed approximately $7.0 billion in capital commitments. Arlington is focused on middle-market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field. For more information: www.arlingtoncap.com.
About Evergreen Advisors Capital
Evergreen Advisors Capital, LLC is a leading investment banking and corporate advisory firm focused on assisting emerging growth and middle-market companies in the areas of corporate finance, growth and exit strategies, valuations, and advisory services. For more information, visit www.evergreenadvisorsllc.com
Securities transactions conducted through Evergreen Advisors Capital/Member FINRA/SIPC