Washington – On October 1, 2020 Skyris, LLC (“Skyris” or “the Company”), one of the largest providers of remote sensing and data science expertise to the National Geospatial Intelligence Agency (NGA), was acquired by ASGN Incorporated (NYSE: ASGN) and is now part of ASGN’s ECS segment. Skyris will be integrated into ECS’ mission solutions business unit focused on a range of cutting-edge and technically-complex Department of Defense (DoD), national security and other federal civil programs and missions.
Chertoff Capital LLC (“Chertoff Capital”), a wholly-owned subsidiary of The Chertoff Group, served as the exclusive financial advisor to Skyris.
Ryan Hoffman, Managing Director with Chertoff Capital, said: “Since its founding in 2010, Skyris has built its reputation as a specialized, cutting-edge data science firm. With the advent of the Company’s open-source data-as-a-service solution, ODIN, Skyris is at the forefront of automating data collection and analysis to support intelligence community missions. Companies like Skyris that possess market leading capabilities and technologies continue to generate premium valuations in the M&A market.”
Michael McGowan, CEO and Co-Founder of Skyris, said: “We are exceptionally pleased with the Chertoff Capital team’s representation of Skyris throughout the M&A process. A partner in the truest sense of the word, they worked tirelessly to help us prepare and navigate the process. Their strategic expertise and extensive experience with transactions in the intelligence community market proved invaluable to accomplishing our goals. The COVID crisis struck early in our preparations to engage potential buyers. Ryan and his team carefully analyzed the market and boldly advised us to move forward. That decision proved critical to helping us find an exceptional buyer that will help us grow and open doors to a wider range of customers for our technology solutions. We are very excited to join the ECS team, and it could not have happened without Chertoff Capital.”
Jason Kaufman, President of Chertoff Capital, added “I am so proud of what our team has accomplished in the heart of a global pandemic – closing extraordinary transactions on behalf of extraordinary clients. The sale of Skyris is yet another example of our success delivering premium results. Experienced strategic buyers like ASGN are able to cut through the short-term uncertainty and make focused investments for the long-term, adding proprietary solutions to their portfolio that deliver real customer impact. Our heartiest congratulations to Mike, Will, and the entire Skyris team on building a terrific company.”
ABOUT SKYRIS
Founded in 2010 in Fredericksburg, Virginia, Skyris is one of the largest providers of remote sensing and data science expertise to the National Geospatial Intelligence Agency (NGA), the agency responsible for providing timely, relevant and accurate geospatial intelligence in support of national security efforts. The Company is a prime contractor on significant NGA contract vehicles, including the Multi-Intelligence Analytical Collection Support Services (MACSS) contract.
In addition to addressing all geospatial intelligence remote sensing phenomenology, including SAR, LIDAR, OPIR and photogrammetry, Skyris also maintains a proprietary Data-as-a-Service offering, the Open Discovery Intelligence Nexus (ODIN), which expedites the collection of open source intelligence at scale. Skyris’ domain knowledge and relationships at the NGA complement ECS’ DoD and Intelligence Community depth, including work for multiple DoD service branches, the Under Secretary of Defense for Intelligence and the Joint Artificial Intelligence Programs. https://www.skyrisllc.com
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 provides clients with a highly differentiated advisory offering that brings together transaction expertise with unparalleled business strategy insights. Chertoff Capital professionals have advised on well over 100 transactions over the last 20 years.
ABOUT ECS
ECS, a segment of ASGN, delivers advanced solutions in cloud, cybersecurity, artificial intelligence (AI), machine learning (ML), application and IT modernization, science, and engineering. The company solves critical, complex challenges for customers across the U.S. public sector, defense, intelligence, and commercial industries. ECS maintains partnerships with leading cloud, cybersecurity, and AI/ML providers and holds specialized certifications in their technologies. Headquartered in Fairfax, Virginia, ECS has more than 3,000 employees throughout the United States.
ABOUT ASGN INCORPORATED
ASGN Incorporated (NYSE: ASGN) is one of the foremost providers of IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. Operating through its Apex, Oxford and ECS segments, ASGN helps leading corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions. ASGN’s mission is to be the most trusted partner for companies seeking highly skilled human capital and integrated solutions to fulfill their strategic and operational needs.
