Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
August 2021
Company:
Trusted Concepts
Description:
Sale to Two Six Technologies
Sector(s):
Technology & Services
Baird served as the exclusive financial advisor to Trusted Concepts on this transaction


Trusted Concepts, Inc. (“Trusted Concepts” or the "Company") has been acquired by Two Six Technologies (“Two Six”), a portfolio company of The Carlyle Group (NASDAQ: CG).

Trusted Concepts is a leading provider of software engineering, cyber, and advanced analytics solutions to customers in the Intelligence Community. Trusted Concepts is the developer of TrustedKeepTM, a proprietary, cloud-based security platform that provides object-level encryption to protect sensitive data at enterprise scale. Based in Herndon, Virginia, the Company has over 130 employees and more than 15 years of outstanding past performance in developing and operationalizing innovative solutions and capabilities in support of complex missions of national security.

Two Six’s acquisition of Trusted Concepts illustrates the following buyer priorities in Government & Defense M&A: (1) market priority for differentiated businesses delivering proprietary products and IP; (2) entrenched position within the Intelligence Community; (3) strong cultural alignment with highly cleared, technical talent base; and (4) continued focus of private equity-backed companies executing an inorganic growth strategy.

Two Six Technologies is a high-growth technology company providing products and expertise to national security customers. Two Six solves complex challenges in six areas of expertise: cyber and space operations, information operations, intelligence and decision support, data science, microelectronics, and nextgen communications. Two Six offers a family of operationally deployed products including Pulse, IKE™, SIGMA™, TrustedKeep, 8Wire™, and others. Headquartered in Arlington, Virginia, Two Six Technologies has more than 440 employees and a global operational footprint that includes a technical presence in more than 40 countries.

The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $260 billion of assets under management as of March 31, 2021, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 29 offices across five continents.

For additional information about this transaction, please contact:

Jean Stack +1-703-394-1831
John Song +1-703-394-1832
Alex Sevilla +1-703-394-1833
Nicole Coffey +1-703-394-1835
Jonathan Kirkland +1-703-394-1867
Michael Roualet +1-703-394-1848