Washington, DC (December 31, 2018) – FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced that Chenega Corporation has acquired Venturi, Inc. FOCUS represented Chenega Corporation in this transaction.
Chenega, an Alaska Native Corporation (ANC), is the program’s most successful Village Corporation, with diverse capabilities that support a myriad of customer requirements across more than 250 federal contracts and numerous commercial engagements. In addition to its Military, Intel, and Operations Support capabilities, the Chenega Corporation provides expertise and services in the areas of Security, Environmental, Healthcare, Facilities, Professional Services, Communications, and Data Science.
Venturi, Inc., a Huntsville, Alabama-based corporation, provides technical, programmatic and logistics support to the Missile Defense Agency (MDA), Department of the Army (DA), Department of the Navy, and other Government agencies.
According to John Campagna, President of Chenega’s MIOS Business Unit, “We are very pleased to add Venturi to our family of companies. It is a well-run and growing company that expands our overall technical and logistics services offerings and, at the same time, establishes a solid presence for Chenega in a key market in Huntsville, Alabama.”
Eric Oganesoff, FOCUS Managing Director, explained, “We are pleased to bring these two great and unique companies together. With the growth in the Huntsville market this combination will allow both companies to expand their capabilities that promises to foster additional growth within key Department of Defense agencies.”
Added Manan Shah, FOCUS Partner and Government, Aerospace & Defense Team Leader, “We evaluated a number of exciting companies for Chenega against their key acquisition objectives. Venturi met all of their criteria and is a great strategic fit to Chenega. We hope that this combination will benefit both companies’ customers and employees alike.”
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About FOCUS Investment Banking
With more than three decades of experience, FOCUS Investment Banking is a trusted name in M&A advisory services worldwide. FOCUS works to understand each client’s strategic and financial objectives, craft the best plan to achieve these goals, and deliver success. Whether helping to sell, buy, or raise capital, FOCUS strives to maximize the value of every transaction to the benefit of its clients. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS and its Government, Aerospace & Defense practice, visit https://focusbankers.com/gad/.