Capstone Headwaters advised Special Applications Group (“SAG”), an innovative provider of mission-critical tactical helicopter training, operational planning, and support services to domestic and allied military agencies and government organizations, on its sale to a strategic acquirer. Terms of the deal were not disclosed.
SAG was formed in 2004 in Tampa, Florida by Bryan Bean and Dave Lawrence, two former Special Operations officers. They recognized there was a market need for values-based, responsive studies and assessments within the Special Operations community of interest, and demand for standards-based training in support of Federal and local law enforcement in the post-9/11 era. The founders were able to address this market need by assembling a core team of proven former Special Operations Forces (SOF) leaders from this unique Joint community.
Ted Polk, Managing Director at Capstone Headwaters, noted that the strong disciplines afforded by exemplary military service were very evident in all aspects of SAG’s operations. “It was a true pleasure to assist this team. They are helping keep us all safe in support of the common good and represent the best of what our country is all about.”
David Lawrence, SAG’s CEO said
“The Capstone team was relentless in pursuit of the most advantageous transaction and provided exceptional leadership, technical advice, and support that enabled us to achieve our objectives. Thanks is not enough to express my gratitude, appreciation, and respect for the professionalism I witnessed from the entire team. We couldn’t have aligned ourselves with a better investment banking firm. The Capstone team was first class every step of the way.” Partner Bryan Bean added, "we applied a rigorous, objective process to selecting the partner to bring SAG to sale. From our first meeting, Capstone distinguished itself in the field as the right choice to fully partner with a business going through a once in a lifetime process. From the initial marketing through pushing the deal to a successful close, Capstone proved to be the right partner."