Cedar Solutions Group, the government IT services and software contracting division of Evergreen, has acquired Omnyon. Financial terms of the deal were not disclosed.
This is technology M&A deal number 102 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
Cedar Solutions Group, founded in 2021, is based in Denver, Colorado. The company has six employees listed on LinkedIn.
Omnyon is a mission-critical IT services company founded in 2011 and based in Annapolis, Maryland. The company has 94 employees listed on LinkedIn. Omnyon’s areas of expertise include software engineering, systems administration, systems engineering, technical writing, network engineering, software integration, test engineering, data science, program management, technical leadership, and cloud engineering.
Details About the Acquisition
All employees of Omnyon, including current leadership, will remain in their current roles, the company told ChannelE2E.
“This is a pillar of Evergreen's value proposition,” Matthew Wagner, head of M&A for Cedar Solutions Group, explained. “We're people-first investors, meaning labor cost-cutting moves to arbitrarily increase profits is not in our playbook.”
Negotiations for the deal began slightly over a year ago, Wagner told ChannelE2E. The new relationship will allow Omnyon access to Cedar’s broader community of intelligence community contractors, which Evergreen said will improve its reputation as a partner of choice in the intelligence community.
Tim Gorski, founder, Omnyon, commented on the news:
"Omnyon was founded on three core strategies. We form and maintain long-term strategic partnerships; we deliver an uncompromising level of excellence; and we maintain a culture that attracts and retains a team that will retire with us. When initially talking to Cedar, we were impressed by how much our values aligned. This strategic partnership marks a significant milestone in our journey, and we are confident that it will propel us to new heights of success."
About Cedar Solutions Group
Evergreen is a family of managed services and software companies funded by private equity with a buy-and-hold philosophy. The firm has completed over 80 IT services acquisitions.
Cedar is a holding company for businesses in the government IT services sector that operates within Evergreen. The firm partners with founder-owned and operated businesses to provide operational assistance and capital in support of growth and mission-critical service delivery.
Like its parent firm, Cedar does not sell the businesses in its stable but takes a long-term approach to sustainable growth and investment.
KippsDeSanto & Co. served as financial advisor and Rees Broome served as legal counsel to Omnyon in this most recent transaction.
