Led by CEO Brad Antle, newly-formed Salient Solutions LLC is set to compete for acquisitions in the government services industry.
Antle previously served as the president and CEO of SI International for three years, until it was bought by Serco in 2008. He’s not the only former SI International executive to dive into this new venture, though: Chairman of the Board Brad Oleson, Executive Vice President and Chief Financial Officer Ted Dunn, and Vice President of Corporate Development Tom Lloyd are all former SI International executives.
The Fairfax, Va-based group said it will focus on companies that supply federal IT and engineering solutions for potential acquisitions. Aiding the effort is a partnership with longtime capital partner Frontenac Co., which is creating a $100 million equity investment with the help of its limited partners.
Antle and his team are undoubtedly eager to build his new venture into a successful business.
“This is an exciting and opportune time to build another significant and well-recognized business, delivering innovation to enhance the government’s mission,” Antle said. “We see several attractive areas within our market including health care, energy, education, intelligence, cybersecurity and government 2.0.”