Veridian

“Our goal was to become a substantial player by changing the rules of the game– offering integrated information solutions rather than simply discreet services. We saw a big opportunity in providing network security and other information-based solutions at a time when the national security and defense communities began to transition away from a solely-platform focus. It was a bet on the future. Monitor Clipper Partners had the vision to see it too. Because they excel at working with companies and industries in transition, they were the perfect fit for us.

“A private equity relationship has to be based on more than just money. By partnering with MCP, we got much more than that – we got their deep understanding of operational and strategic issues stemming from their consulting roots. I trusted them completely. They were willing and able to have a difficult conversation when necessary, and I was able to rely on their strategic insight and experience for many issues – compensation matters, potential areas of growth and everyday issues.

David Langstaff, Veridian CEO

Veridian became a major supplier of information security services and solutions to the U.S. government as a result of the acquisition of three companies in 1999. Monitor Clipper Partners provided the capital and support needed to facilitate the acquisitions and then helped to integrate the new companies, expand Veridian’s senior team, access the public equity markets and complete a fourth major acquisition, giving the Company unparalleled, end-to-end service capabilities.

Four years after Monitor Clipper Partners’ investment, General Dynamics acquired Veridian for $1.5 billion, the highest acquisition multiple in the sector’s history, validating Veridian’s leadership position in the high-growth government intelligence and security markets. Veridian’s dramatic growth was reflected in the appreciation of its equity, which more than tripled in value during Monitor Clipper Partners’ investment period.