On January 25, Arlington, VA-based Federal Advisory Partners announced the acquisition of Vienna, VA-based Favor TechConsulting, LLC (FTC). Powered by strategic investment from private equity firm Sagewind Capital, this merger will bring together two experienced teams of thought leaders with shared visions to deliver enhanced, full lifecycle, integrated management consulting and IT services capabilities across the federal sector. Financial terms of the transaction were not disclosed.
Over the past decade, FTC has experienced rapid growth and has transitioned from a small business to a successful middle market business – expanding its portfolio to support clients across a wide range of federal government enterprises spanning the civil, defense, and intelligence landscape. The investment from F|A|P will accelerate FTC’s impressive organic growth as the company looks to rapidly advance its innovative solutions, services, and capabilities for new and existing customers.
“FTC is a recognized leader in delivering robust, scalable, and transformative digital solutions and consulting services that allow our customers across the federal sector to evolve their IT ecosystems, optimize value streams, and enhance business agility. This new partnership enables us to aggressively pursue our long-term growth strategy, explore market expansion through potential acquisitions, and enhance our offerings for advanced, full-cycle digital services,” commented FTC President Benjamin Lin. “Our commitment to our customers is unwavering, and we look forward to expanding our capabilities while retaining the agility and entrepreneurial culture that our employees and customers have grown accustomed to over more than a decade.”
“FTC and F|A|P are both leaders in our markets today and are strategically aligned to deliver innovative solutions to tackle some of the most complex challenges facing our government clients. Together, FTC and F|A|P will deliver a powerful combination of advisory services and technology, continuing to leverage our deep industry expertise, leading technical know-how, and commitment to service,” said F|A|P CEO Tim Borchert. “We look forward to the next chapter of growth as the two companies work together to scale and bring deep expertise and diverse capabilities to better serve our customers into the future.”
“Sagewind is delighted to support the merger of these two great businesses. In doing so, we bring together two exceptional teams with a shared passion for supporting customers to ensure they achieve their goals,” commented Steven Lefkowitz, managing partner of Sagewind. “We are excited to continue to empower the combined business to aggressively pursue our shared aims to grow, diversify, and provide top-tier support to new and existing customers.
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