Deep Water Point Acquired By Renovus Capital Partners
Sellside Advisor To Deep Water Point
Renovus Capital Partners Makes a Significant Growth Capital Investment in the Federal Government Advisory Firm, Deep Water Point
CHARLOTTE, NC – Deep Water Point (“DWP” or the “Company”), an Annapolis, MD-based strategic advisory firm that helps enterprises accelerate their growth in the complex Federal marketplace, has received a significant growth capital investment from Renovus Capital Partners (“Renovus”), a Philadelphia-based investment firm. 7 Mile Advisors acted as the exclusive sellside advisor to Deep Water Point throughout the transaction.
“DWP’s management consulting experience in the Federal marketplace makes them invaluable to their clients and partners. The Company’s unparalleled talent network brings together a unique mix of private industry expertise and government agency know-how, driving a powerful value proposition to any business seeking to do business with the Federal government. We are excited to watch this growth investment from Renovus accelerate their success and give them a larger platform from which to serve their noteworthy client base,” commented Nick Prendergast, Vice President at 7 Mile Advisors.
“7 Mile’s expertise in positioning our business gave me confidence throughout the transaction process that my business and my people would be appropriately valued and taken care of. I am excited for DWP to partner with Renovus and expect this partnership to be a catalyst for growth not only for the business but also for our people,” commented Howard Seeger, CEO and Founder of Deep Water Point.
DWP’s team of experts has comprehensive reach in the federal government, allowing them to accelerate the growth of their clients while advancing the mission of government to serve citizens. DWP’s expansive team of over 250 distinguished former Federal government officials and industry veterans have on average 32 years of experience, much of that at the C Suite level. These professionals work as part of a matrix, combining functional areas of expertise with the complexity of the client’s needs.
The company, founded in 2005 by industry veteran Howard Seeger, can also assist clients who are looking to grow from an 8a designation to a full and open compete in the federal marketplace, and DWP can continue to chart a course for clients as their needs change.
“We invested in DWP because of its strong track record of success in solving mission critical challenges for its clients. DWP’s differentiated services, deep Federal expertise and relationships, and client-first service mentality are unparalleled in the space, and we are excited to be chosen as their growth partner,” said Atif Gilani, Founding Partner at Renovus.
7 Mile Advisors has experience serving management consulting clients across a variety of end markets, past representative transactions include Loughlin Management Partners’ sale to BDO, InvestTech’s sale to Accenture, and Riveron’s recapitalization from PineBridge, among others.
Holland & Knight served as legal counsel to DWP. DLA Piper served as legal counsel and CFGI as accounting advisor to Renovus.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
About Deep Water Point
Founded in 2005 by Howard Seeger, Deep Water Point is a strategic advisory firm that helps businesses identify and win opportunities in the Federal government market. With 250+ former senior government and industry executives who have operational experience and a proven track record of success, the Company’s expertise covers the Federal Civilian, DOD, Intelligence Community, and Health and Life Sciences markets. Deep Water Point’s array of services, from opportunity identification through capture, implementation, and operations, provide the complete lifecycle to address its customers’ most complex challenges.
About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is an investment firm specializing in the Knowledge and Talent industries. Renovus, based in the Philadelphia area, manages over $1 billion across several investment vehicles. The firm’s current portfolio includes over 20 U.S. based businesses specializing in education and training, B2B healthcare services, technology services and professional services. Renovus typically partners with founder-led businesses, leveraging its industry expertise and access to debt and equity capital to make operational improvements, pursue add-on acquisitions and oversee strategic growth initiatives. More information can be found at www.renovuscapital.com.