The federal contracting arm of an Anchorage-based Alaska Native Corporation has acquired a fast-growing information technology firm that will help boost the ANC’s capabilities and contract portfolio in the defense and intelligence sectors.
Chenega Corporation acquired Leesburg, Va.-based SecuriGence LLC, a minority- and veteran-owned firm that provides systems engineering, software engineering, software development, cybersecurity, and cloud/virtualization management services, according to a news release from the ANC's investment bankers.
SecuriGence, which posted revenues of $112 million in 2022, ranked sixth in Washington Technology’s 2023 "Fast 50" list of the fastest-growing federal contractors. The annual Fast 50 rankings recognize the fastest-growing small businesses in the government market based on their compound annual growth rate over five years. SecuriGence grew at a compound annual growth rate of 116.6% from 2018 to 2022.
Over the past three years, the firm has secured $307.1 million in contract awards from the Department of Defense’s Defense Advanced Research Projects Agency (DARPA), according to data from market intelligence firm HigherGov. Additionally, SecuriGence has been awarded approximately $35 million from the DoD’s Space Development Agency and the Federal Communications Commission (FCC).
Chenega Corporation holds a diverse portfolio within the federal government contracting marketplace, including its Military Intelligence and Operations Support (“MIOS”) business unit. The company supports defense, intelligence, and federal civilian customers across more than 450 federal contracts, offering expertise in security, environmental services, healthcare, facilities management, professional services, communications, and data science.
"The addition of SecuriGence to the Chenega MIOS portfolio is a game-changer," John Campagna, president of Chenega MIOS, said in a statement. "SecuriGence brings well over a decade of exceptional service and support to the Defense and Intel communities. Their core competencies are a 'wish list' of abilities that would normally be found in a Fortune 500 engineering house. Their leadership is well respected and admired throughout the DoD/Intel community. We welcome SecuriGence to the Chenega family with open arms."
Michael Barnhart, CEO and founder of SecuriGence, expressed enthusiasm about the acquisition, calling Chenega “the perfect match, both from a business perspective and, more importantly, a cultural alignment between the two organizations.”
“By joining Chenega’s large and impressive portfolio of companies and capabilities, we will have access to the resources needed to continue our growth in the federal space and are thrilled at the new opportunities this brings to our employees," Barnhart said in a statement.
The acquisition was facilitated by Tysons Corner, Va.-based FOCUS Investment Banking, which represented Chenega in the transaction. FOCUS Investment Banking has been a buy-side advisor for Chenega for several years, consistently seeking potential acquisitions that match Chenega’s objectives, according to the news release on the deal.
