Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – April 9, 2024 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce it has served as the exclusive financial advisor to SoftTech Solutions, Inc. (“SoftTech Solutions”), a custom software development firm that specializes in serving the U.S. Intelligence Community. SoftTech was acquired by Synergy ECP, a provider of software engineering, cybersecurity and systems engineering services, who is backed by Falfurrias Capital, based in Charlotte, NC.
With core capabilities in software engineering, big data and cloud computing, and informational retrieval systems, SoftTech employees average nearly 20 years of industry experience and provide on-contract technical leadership in key mission areas. Additionally, SoftTech Solutions engineers are the core contributors to the micro-learning gamification platform, SkillTree, which Intelligence Community customers rely on to train analysts on new and existing applications and tools.
The CCA investment banking team on this transaction included Marty O’Neill, Managing Director, Andy Spears, Vice President, and Aidan Olmstead, Senior Analyst. Together, the CCA team advised on transaction strategy and provided support throughout the engagement. Mike Mercurio, Greg Sutton, and Clay Blackburn of Offit Kurman served as seller’s legal counsel.
“A special thanks to the GovCon team at Chesapeake Corporate Advisors. The SoftTech leadership team had been working with Marty O’Neill, Andy Spears, and Aidan Olmstead as we prepared to go to market,” said Jane Lee, founder and Chief Executive Officer of SoftTech Solutions. “Their experience with the intricacies of government contracting as well as their understanding of the M&A process were invaluable to me and my team as we found the perfect home for the SoftTech employees.”
“The CCA government contracting investment banking team was honored to guide Jane Lee and the SoftTech leadership team through a sale process that concluded in an exceptional outcome for them,” said O’Neill. “Synergy ECP is a great home for SoftTech for many reasons, and we were happy to be a trusted partner for the SoftTech team.”
About SoftTech Solutions
Founded in 2005 as “The Company for Engineers, By Engineers,” SoftTech Solutions has helped its customers solve complex, highly technical, and mission-critical problems for more than 19 years. For more information, visit www.softtech-solutions.com.
About Synergy ECP
Founded in 2007 and headquartered in Columbia, Maryland, Synergy ECP is a leading provider of cybersecurity, software and systems engineering and IT services to the U.S. intelligence and defense communities. The company leverages its expertise in data transport solutions, software and systems engineering, and other solutions to deliver critical and innovative capabilities to high-level decision makers that enhance our nation’s security. For more information, visit www.synergyecp.com.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors is a boutique investment banking and corporate advisory firm providing strategic advisory services (value creation) and investment banking services (value realization) to companies in the lower middle market. For more information, visit www.ccabalt.com or call 410.537.5988.
