Chenega to acquire ADG Creative.
M2 EQUITYBITES-December 22, 2017-Chenega to acquire ADG Creative
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ADG Creative, a Columbia, Maryland-based strategic communications and innovations agency, has announced that it has signed a definitive agreement with the Chenega Corporation to become the newest company in Chenega's portfolio of professional services organizations, the company said.
ADG Creative provides the Department of Defense, US Intelligence Community, and commercial clients with a range of strategic and user experience solutions that address business, cultural, and technology challenges. ADG's capabilities include strategic communications, advanced data visualization, branding & positioning, training & immersive learning, video & motion, content marketing, and interactive design.
Chenega, an Alaska Native Corporation (ANC), is the program's most successful Village Corporation, with diverse capabilities that support a myriad of customer requirements across more than 250 federal contracts and numerous commercial engagements. In addition to its Military, Intel, and Operations Support capabilities, the Chenega Corporation provides expertise and services in the areas of Security, Environmental, Healthcare, Facilities, Professional Services, Communications, and Data Science.
The acquisition is subject to customary closing conditions and approvals, and is scheduled to close in January. Upon closing, ADG Creative will become a wholly owned subsidiary of Chenega Corporation.
The firms were introduced by their respective representatives at RSM/McGladrey. Holland & Knight served as external legal counsel to ADG Creative, and Hunton & Williams served as counsel and advisor to Chenega. KippsDeSanto served as ADG's investment banker and advisor through the engagement.
ADG Creative is a digital strategy and innovations agency providing solutions for cultural and technology challenges in the government and commercial sectors. It is headquartered in Columbia, MD. For further information, visit www.adgcreative.net.
MIOS is Chenega's Military, Intelligence and Operations Support (MIOS) strategic business unit (SBU), a shared services division of the Chenega Corporation which provides standard business services to the Chenega subsidiaries and assists in the management of contracts. Headquartered in Lorton, Virginia, the MIOS SBU provides shared support services, including human resources, recruiting, contracting, marketing, administration, finance and accounting, business development and security, allowing each company to focus on their customers in their day-to-day operations.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 22, 2017|
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