Washington, DC – Chertoff Capital is pleased to announce the acquisition of Next Century Corporation by CACI International Inc. Next Century, a mission technology company, delivers advanced geospatial mapping, predictive analytics, data fusion, and machine learning to the Intelligence Community and Department of Defense.
Chertoff Capital LLC, the wholly owned investment banking subsidiary of The Chertoff Group, served as the exclusive financial advisor to Next Century.
Jason Kaufman, President of Chertoff Capital stated, “Next Century was founded in the immediate aftermath of 9/11 with the goal of developing technology to protect the country and save lives. CACI’s motto, ‘Ever Vigilant’, resonates deeply with Next Century’s founding mission. We congratulate John McBeth, his co-founders and management team, and look forward to seeing them provide tremendous technical capability to our nation for many years to come.”
John McBeth, CEO of Next Century said, "The Chertoff Team thinks creatively about deals. They laid the groundwork for our sale a full year in advance, strategically targeting our ideal buyer and then tailoring our value proposition for CACI's senior decision-makers. This enabled us to accomplish our objectives outside of a traditional auction process.”
Ryan Hoffman, Senior Director with Chertoff Capital added, “Strategic buyers place a premium on technology- driven, mission-focused companies with deeply embedded customer relationships and strategic prime contract vehicles. We congratulate both firms on this exciting transaction.”
ABOUT CHERTOFF CAPITAL LLC
Chertoff Capital is an industry leading investment bank serving high-growth, mission-focused companies in the national security, information security, and government technology markets. As the investment banking subsidiary of The Chertoff Group, Chertoff Capital works closely with senior executives and subject matter experts across the entire firm to provide clients with a highly differentiated advisory offering that brings together significant transaction experience with unparalleled business strategy insights. Chertoff Capital professionals have advised on well over 100 transactions over the last 20 years.