Vienna, Virginia-based management consultancy The Ambit Group has merged with information technology services provider GreenZone Solutions for an undisclosed sum as both companies aim to help federal government clients address digital transformation goals.
The Ambit Group said Tuesday it closed the transaction through a strategic partnership with an AE Industrial Partners affiliate, while Atlantic Union Bank financed the deal.
GreenZone is headquartered in Arlington, Virginia, and provides support to federal customers in areas such as data analytics and management, software development, cybersecurity and business intelligence.
Kim Hayes, founder and CEO of The Ambit Group, will work with Ashequl Hoque, the consulting firm’s partner and chief financial officer, to jointly lead the merged organization co-CEOs.
“We designed and built Ambit with the intention of creating a platform company with the leadership, infrastructure, and ideation necessary to attract strong business partners and position us for exponential growth,” Hayes said.
She added that combining Ambit’s customer service and hybrid delivery framework with GreenZone’s data management experience would help the combined entity to bring additional service offerings to the government sector.
AEI’s Structured Solutions Fund, which invests in mid-sized companies, backed the combination.
Holland & Knight and Pillsbury Winthrop Shaw Pittman acted as legal advisers to Ambit and GreenZone on the transaction, respectively.
Agreeance served as Ambit’s M&A consultant.
