Denver, Colo., May 7, 2015—Los Angeles-based private equity firm, Transom Capital Group, announced today that it has acquired Critigen, a full-lifecycle geospatial systems integrator driving business performance through spatial IT solutions. With global reach, top-tier partnerships and a full lifecycle approach, Critigen has been delivering all components of a geospatial program to federal, state, and local governments in addition to the private sector since 1971. The transaction will enable Critigen to expand its position as the market leader in the field of geospatial integration while continuing to offer best in class services to its customers.
"Critigen offers us an exciting opportunity to acquire an outstanding company that will benefit from the operational support of Transom Capital Group while continuing to provide innovative solutions to an ever-expanding industry," said Russ Roenick, Co-Founder and Managing Director of Transom Capital.
"We are thrilled that Transom Capital acquired Critigen," said Jeff Haight, Chief Strategy Officer of Critigen. "With Transom Capital’s involvement coupled with the dramatic growth opportunities in the industry, we are excited to usher in the next generation of growth at Critigen."
Ken Firtel, Co-Founder and Managing Director at Transom Capital, added “The Critigen transaction is a perfect fit for the investment strategy of Transom Capital and allowed us to execute our ARMOR value creation process. We are excited to get to work with the management team of the company to help it realize its true potential."
Terms of the transaction were not disclosed. Ballard Canyon Capital, a boutique advisory firm dedicated to providing independent, creative and intelligent advice for small and middle market companies, acted as the exclusive advisor to Critigen in the transaction. O’Melveny & Myers acted as legal counsel for Transom Capital Group, and Nob Hill Law Group, P.C. acted as legal counsel for Critigen.
About Transom Capital Group
Transom Capital Group is a Los Angeles-based private equity firm with an operational focus to private equity investing in the middle-market. The Transom Capital team has a proven track record of investing in, restructuring, monitoring and growing businesses for the long-term. Key to its success is its approach of heavy operational involvement via its proprietary ARMORâ„ value creation process (Acquisition, Restructuring, Monitoring & Operations, and Return) that helps unlock intrinsic value at its companies. Transom Capital's unique team of professionals brings the experience, energy, and expertise to maximize the value-added to each company. Visit the company at transomcapital.com.
Critigen is a full-lifecycle spatial systems integrator driving business performance through spatial IT solutions and services. Critigen helps clients make spatial technologies “work” in organizations of all sizes, integrates spatial technologies with enterprise systems, and enables field users with mobile spatial solutions. Critigen delivers all components of a geospatial program: data collection, spatial processing, analytics and intelligence, application development and mobile solution development. Critigen's Spatial Enterprise consulting services tie these technology and process components together with business strategies that maximize the value of geospatial information. www.critigen.com