Clarity Innovations, a portfolio company of Capitol Meridian Partners, has merged with Chameleon Consulting Group to form an entity focused on delivering cyberspace products and services to defense and intelligence customers.
Wes Daniels, co-founder and CEO of Clarity, will continue as CEO of the combined company and Chameleon’s co-founders Tim Berzins and Byron Williams will remain senior executives, the Columbia, Maryland-headquartered national security software provider said Monday.
“We will retain all staff and believe the combined platform will create new growth opportunities for the next generation of leaders. We are taking special care to ensure a smooth transition for all customers and employees,” said Daniels.
Washington, D.C.-based investment firm Capitol Meridian, its affiliates and members of both management teams funded the transaction.
Baird served as the exclusive financial adviser, Miles & Stockbridge acted as legal counsel and Pipaya Partners provided financial advisory services to Chameleon on the transaction.
Macquarie Capital acted as a merger and acquisition adviser, Latham & Watkins served as legal counsel and PwC served as financial adviser to Clarity and Capitol Meridian Partners.
Macquarie Capital also provided financing for the merger.
