Philadelphia-based private equity firm Renovus Capital Partners has acquired QualX for an undisclosed sum to support the latter’s growth initiatives and technology investment efforts to facilitate the delivery of new platforms and services to federal government clients.
Renovus said Springfield, Virginia-based QualX provides records and information management, enterprise information technology, program management, digital transformation and business process improvement services to the departments of Defense, Homeland Security and State, among other federal agencies.
Founded in 2009, QualX employs a team of professionals and uses technology tools to deliver declassification and Freedom of Information Act services to government customers.
âWe are eager to partner with Renovus as we aim to accelerate our growth,” said QualX CEO Jon Persson.
âWith Renovus, we are well positioned to capitalize on market opportunities through strategic acquisitions, bolstering the Companyâs position in the industry, and providing greater value to government agencies. This is a huge win for QualX, our clients, and our employees,â Persson added.
Manan Shah, a partner at Renovus, said QualX has been providing information management and records management services to DOD and civilian agencies for decades in support of their missions.
âWe see a great fit with the QualX team and are very happy to be their partner in growth,â Shah added.
DLA Piper advised Renovus on the transaction’s legal aspect.
Greenberg Traurig and Monument Capital Partners served as QualXâs legal counsel and financial adviser, respectively.
