Randy Cash, chairman of QuantiTech's board of directors, will continue to serve in his role and the company's management team will maintain an equity ownership as part of the deal, the companies said in a joint release published Wednesday.
QuantiTech provides cybersecurity, systems engineering, program management, test and evaluation and other technical engineering services for human spaceflight, hypersonics and counter-unmanned aircraft system programs of NASA, U.S. Air Force, U.S. Army and other defense and federal agencies.
Paul Kern, a retired Army general, and industry veterans Deborah Dunie and Paul Kaminski will join QuantiTech's board as part of the transaction.
Kern is a 38-year Army veteran who serves as a senior counselor at The Cohen Group and a member of the Defense Science Board.
Kaminski is former undersecretary of defense for acquisition and technology and former chairman of the Defense Science Board. He has served on advisory boards of several companies and government agencies.
Paul, Weiss, Rifkind, Wharton & Garrison LLP advised Sagewind on the transaction's legal aspect. Maynard Cooper & Gale and KippsDeSanto respectively served as QuantiTech's legal and financial advisers.