PE Tech Report


Like this article?

Sign up to our free newsletter

RLJ Equity Partners acquires Phase One Consulting Group

RLJ Equity Partners has acquired Phase One Consulting Group, a provider of information technology-based consulting services and solutions to various US federal civilian agencies.

Founded in 1997 and headquartered in Alexandria, Virginia, Phase One provides a range of strategic solutions addressing IT strategy, organisational transformation, strategic communications, process and business analysis, solution architecture and engineering, agile development, and cybersecurity. 

"Phase One Consulting Group has a long-standing reputation as a trustworthy resource for its work across a broad spectrum of federal agency and industry clients," says RLJ Equity Partner's Managing Partner Rufus H. Rivers. "RLJ is excited to support the company as it continues to develop innovative solutions to meet the needs of its private and public sector clients."

"We are excited to partner with the exceptional business leaders at RLJ and are quite confident this new partnership will bring expanded capabilities to Phase One's already exciting growth trajectory," says Jerad Speigel, Chief Executive Officer of Phase One.

Phase One maintains long-standing client relationships throughout most of the federal civilian sector. Phase One typically interfaces directly with Chief Information Officers, engaging in every phase of the IT project lifecycle and supports its clients with strategic and tactical modernisation initiatives, including the utilszation of Platform-as-a-Service (PaaS) for migration to the cloud.
Senior debt financing was provided by LBC Credit Partners, a provider of middle market debt and equity financing solutions based in Philadelphia, PA. Mezzanine debt financing was provided by Enlightenment Capital, an aerospace, defence, and government focused investment firm based in the Washington, DC area. LBC Credit Partners and Enlightenment Capital also provided equity-co-investments to support the acquisition of Phase One by RLJ Equity Partners.

Bluestone Capital Partners was the exclusive financial advisor to Phase One for this transaction.

Like this article? Sign up to our free newsletter