Houlihan Lokey Advises Blue Canopy Group

Transaction: Houlihan Lokey Advises Blue Canopy Group

Houlihan Lokey is pleased to announce the sale of Blue Canopy Group, LLC, (Blue Canopy) to Jacobs Engineering Group Inc. (Jacobs) (NYSE:JEC). The transaction closed on August 31, 2017.

Founded in 2001, Blue Canopy is a leading-edge provider of NextGen IT solutions, applying an innovative approach to meet the needs of key federal civilian agencies in the financial and healthcare sectors as well as the defense and intelligence communities. Blue Canopy specializes in high-end solutions, including customized cybersecurity, data analytics, cloud migration, and application development.

This transaction reinforces key trends in the government services M&A market:

  • Buyer interest in differentiated, NextGen IT capabilities in the areas of data analytics, cloud migration, and cybersecurity
  • Strong organic growth and financial performance associated with companies that provide mission-focused solutions to the federal government
  • Strategic interest from commercially focused, diversified buyers in well-positioned government services companies of size and scale

Jacobs is one of the world's largest and most diverse providers of full-spectrum technical, professional, and construction services for industrial, commercial, and government organizations globally. The company employs 54,000 people and operates in more than 25 countries around the world.

Houlihan Lokey is a leading M&A advisor to companies in the government services and defense technology market. Since 2014, Houlihan Lokey's Government Services team has advised on 34 sellside government services transactions valued cumulatively at over $5.4 billion.

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