Genaesis Advises Both Parties on BCS’s Acquisition of Allegient Defense
Genaesis advised both BCS, LLC and Allegient Defense, Inc. in a disclosed joint representation.
Tysons Corner, Va. · May 2024
BCS, LLC, an applied research and systems engineering firm serving the Department of Energy, has acquired Allegient Defense, Inc., a systems engineering and technical assistance provider to the Department of Defense based in Arlington, Virginia. The combined company operates as BCS Allegient.
Allegient Defense provides systems engineering and technical assistance in tactical communications, surveillance, wireless systems, and electronic warfare. Its customers include the Office of Naval Research, the Defense Advanced Research Projects Agency, and the Departments of State and Energy.
The acquisition extends BCS from its Department of Energy base into the defense market.
Allegient Defense was acquired from NowVertical Group Inc., which disclosed gross consideration of up to $12.5 million: $7.5 million in cash at closing, a $1.0 million secured promissory note payable within eighteen months, and up to $4.0 million contingent on revenue milestones.
Genaesis served as advisor to both BCS and Allegient Defense under a disclosed joint representation.
- Buyer
- BCS, LLC
- Buyer focus
- Applied research, systems engineering and technical program support, historically Department of Energy focused
- Buyer HQ
- Washington, DC
- Target
- Allegient Defense, Inc.
- Target focus
- Systems engineering and technical assistance for DoD: tactical communications, surveillance, wireless and electronic warfare
- Target HQ
- Arlington, Virginia
- Sector
- Government contracting
- Transaction
- Acquisition
- Genaesis role
- Advisor to both parties (joint representation)
- Combined entity
- BCS Allegient
- Closed
- May 2024
- Terms
- Gross consideration of up to $12.5 million, as disclosed by NowVertical Group Inc.
About Genaesis
Genaesis is an M&A advisory firm serving the government contracting, aviation, and defense markets. Headquartered in Tysons Corner, Virginia, Genaesis has built one of the leading buy-side M&A practices in government contracting. For companies and investors pursuing growth through acquisition, Genaesis designs and executes programmatic, outsourced buy-side M&A from target identification through closing. Its advisors combine deep sector expertise with a proprietary market intelligence and relationship platform, giving clients differentiated access to acquisition opportunities and capital.
