Attain Capital Company Profile

Background

Attain Capital is a private equity firm established in 2021, headquartered in McLean, Virginia. The firm specializes in partnering with founder-led businesses that deliver high-value, technology-enabled solutions and services to government and education clients.

Key Strategic Focus

Attain Capital's strategic focus is centered on:

Operator-Led Approach: Leveraging extensive operational experience to build and grow companies, ensuring sustainable value creation.

Market Obsession: Deep engagement in government and education sectors, with leadership roles in industry-government associations, fostering strong relationships and a reputable standing.

People Focus: Prioritizing ethical practices and cultivating strong relationships with stakeholders, team members, and communities.

Financials and Funding

Attain Capital targets investments in companies with:

Revenue: Over $30 million for tech-enabled services businesses and over $10 million in annual recurring revenue for software businesses.

EBITDA: Greater than $3 million.

Revenue Growth: Exceeding 10%.

The firm primarily seeks control investments, with initial equity checks ranging from $15 million to $50 million.

Pipeline Development

Attain Capital's portfolio includes:

Safal Partners: An education and workforce consulting firm providing strategy and project management services to government agencies and school districts.

Cardinality.ai: A GovTech software provider offering AI-enabled, cloud-based solutions to government agencies.

Infotek Consulting LLC: Specializes in system selection, technology implementation, and managed services for finance and accounting operations of government contractors.

Regent Education: Provides SaaS solutions that automate financial aid processing, packaging, and disbursement.

Excella: Offers Agile transformation, artificial intelligence, digital services delivery, and modernization to government and commercial customers.

Technological Platform and Innovation

Attain Capital emphasizes investments in companies that utilize:

Proprietary Technologies: Solutions that optimize government and education operations.

Scientific Methodologies: Advanced analytics, artificial intelligence, and cloud-based solutions to enhance service delivery and operational efficiency.

Leadership Team

Greg Baroni: Founder and Managing Partner. Formerly held leadership roles at Unisys Corporation and KPMG Consulting.

Ted Davies: Managing Partner. Previously served as CEO of Altamira Technologies Corporation and President of Unisys Federal Systems.

Paul Strasser: Operating Partner. Over 30 years of experience in science, engineering, information technology, and management consulting.

Michael Slarve: Principal. Focuses on evaluating, executing, and monitoring investment opportunities.

Colin Moody: Senior Associate. Supports investment analysis and portfolio management.

Leadership Changes

Recent additions to the leadership team include:

Renee P. Wynn: Appointed as Senior Advisor in September 2024. Former CIO of NASA.

Paul Strasser: Joined as Operating Partner in January 2024.

Competitor Profile

Market Insights and Dynamics

The private equity market focusing on government and education sectors is competitive, with firms seeking to invest in technology-enabled service providers that cater to these specialized markets.

Competitor Analysis

Key competitors include:

Booz Allen Hamilton: Provides management and technology consulting services to government clients.

Deloitte (US): Offers consulting services across various industries, including government and education.

Accenture: Delivers a range of services in strategy, consulting, digital, technology, and operations.

KPMG: Provides audit, tax, and advisory services with a focus on various sectors, including government.

Huron Consulting Services LLC: Specializes in consulting services for healthcare, higher education, and life sciences sectors.

Strategic Collaborations and Partnerships

Attain Capital collaborates closely with its portfolio companies, providing strategic guidance, operational support, and access to capital to drive growth and innovation.