Sale to A&M Capital Partners

Technology & Services
Sale to A&M Capital Partners

Summary

Baird served as co-advisor to Client Network Services, Inc. on this transaction

About

Client Network Services, Inc. (“CNSI” or the “Company”), a leading solutions provider with a core focus in developing and delivering innovative healthcare management technology including state Medicaid Management Information Systems (“MMIS”), has been acquired by Alvarez & Marsal Capital (“A&M Capital”), a middle-market private equity firm that has a strategic association with Alvarez & Marsal (“A&M”).

CNSI delivers a broad range of government-focused health information technology (IT) enterprise solutions and customizable products to a diverse base of state and federal agencies. The Company aligns, builds and manages innovative, high-quality, cost-effective solutions that help clients achieve their mission, enhance business performance, and improve the health of over 30 million Americans. Formed in 1994, CNSI employs a world-class team of technologists, program managers, and subject matter experts, all of whom have experience with large scale mission-critical IT implementations. CNSI is headquartered in Rockville, Maryland, with locations throughout the United States and a development organization in Chennai, India.

A&M Capital’s acquisition of CNSI illustrates the following themes in Government Services M&A: prioritization of modernizing IT health systems of scale and significance; opportunities in the state & local end market remain highly active; and strong continued interest from private equity buyers.

A&M Capital is a middle-market private equity firm with $1.1 billion under management which invests in established and profitable companies that can benefit from the firm’s access to significant operating resources. A&M Capital has a strategic association with A&M, which gives it the distinctive capability to bring the exact management or operational talent to the companies with which they partner, whether interim, part-time or permanent resources are required. A&M Capital is headquartered in Greenwich, Connecticut.

A&M was founded in 1983 and is a privately-owned global professional services firm that helps businesses improve performance, solve problems, and unlock value for stakeholders. With more than 3,000 full-time professionals in 53 offices across North America, Europe, the Middle East, Asia and Latin America, A&M is the largest firm of its kind and has expertise across all major industry sectors and functional areas. A&M is headquartered in New York, New York.
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Technology & Services
Sale to A&M Capital Partners
Date
April 2018
Company
Client Network Services, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
Asia
Acquiror Location
North America

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