CoVant
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CoVant Technologies acquires Virginia's A-T Solutions
March 5, 2008 - Tech Journal South
McLEAN, VA--Newly formed CoVant Technologies, a platform designed to make investments in government technology solutions, has acquired Fredericksburg, VA-based A-T Solutions in its first transaction.
A-T sells analytical and training solutions for the detection, identification and defeat of improvised explosive devices (IED) and weapons of mass destruction.
Financial terms of the transaction were not disclosed. The A-T Solutions management team is retaining a significant equity position and will continue to provide operating management of the company's business.
CoVant, formed by CI Capital Partners of New York,and a group of executives led by Joseph Kampf, former president and CEO of Anteon International has committed $200 million in equity to invest in defense, homeland security, and intelligence communities.CoVant will act as an investment platform in its sector, bringing financial resources, strategic guidance and management expertise to emerging companies.
CoVant's board of directors includes former Anteon directors Dr. William J. Perry, former Secretary of Defense; General Hugh Shelton (USA ret.), former Chairman of the Joint Chiefs of Staff; General Paul Kern (USA ret.), former commander of the Army Material Command; Dr. Paul Kaminski, former Under Secretary of Defense for Acquisition and Technology; and Gilbert F. Decker, former Assistant Secretary of the Army for Research Development and Acquisition.
On the Web: www.a-tsolutions.com; www.covant.com