Firm completes acquisition of a majority stake in leading government security and background investigations provider
Chantilly, VA and Palo Alto, CA, December 21, 2012 — OMNIPLEX World Services Corporation, a leading provider of government security and background investigations services, announced today that Altamont Capital Partners, a $500 million private equity firm, completed a majority investment in the company.
Julien Patterson, Founder and Chairman of OMNIPLEX said, “From our beginning in 1990 to date, every success that OMNIPLEX has achieved is directly attributable to the outstanding men and women who have brought their special skills, knowledge, and professionalism to our team. For that reason, we were focused on finding the right partner who understood and appreciated these exceptional men and women. Early in our discussions, Altamont showed an understanding of our unique business and unwavering commitment to maintaining our reputation for the highest quality service.”
Terri Wesselman, CEO and Co-Founder of OMNIPLEX added, “Altamont also brings significant operational and financial resources to OMNIPLEX that will help it to better serve its customers. We’re excited to have them as partners.”
OMNIPLEX is one of the largest providers of premium physical security support services and Federal background investigations to the US Government and commercial clients. OMNIPLEX’s customers rely on the background investigation support services it provides as a vital component in determining an individual’s security clearance approval, and they trust OMNIPLEX’s security professionals with protecting their most classified assets.
Commenting on the transaction, Randall Eason, Managing Director of Altamont said: “OMNIPLEX is one of the strongest companies we’ve seen within the government services sector. The mission critical nature of their services combined with their consistent track record has meant that, even in this period of fiscal conservatism, OMNIPLEX is facing growth opportunities.”
Casey Lynch, Managing Director of Altamont added, “We focus particularly on investing in companies with a strong and loyal customer base, and OMNIPLEX has a stellar track record in this area. We are excited to support OMNIPLEX as it invests for the future.”
Terms of the transaction were not disclosed. Bluestone Capital Partners served as OMNIPLEX’s financial advisor on the transaction.
ABOUT OMNIPLEX WORLD SERVICES CORPORATION
OMNIPLEX World Services Corporation is a privately held company based in Chantilly, Va. OMNIPLEX is a leader and innovator in delivering intelligence, investigative and security services to prestigious corporations and government agencies. A top-five company in its service markets, OMNIPLEX is guided by the corporate philosophy of “Right People. Right Values ®.” www.omniplex.com
ABOUT ALTAMONT CAPITAL PARTNERS
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including government services, financial services, consumer/retail, industrials, and healthcare.
For further information:
OMNIPLEX World Services Corporation
703 652 3146
Brunswick Group on behalf of Altamont
415 671 7676