Houlihan Lokey Advises CI Capital Partners

Houlihan Lokey is pleased to announce that private equity firm CI Capital Partners (CI Capital) has completed its acquisition of The Cadmus Group (Cadmus), a professional services firm serving domestic and international federal, state, and local governments and commercial clients to help solve the world’s most challenging problems. The transaction closed in September 2021.

CI Capital is a leading North American private equity firm dedicated to investing in middle-market companies with over $2.4 billion of invested capital. The firm forms partnerships with experienced management teams and entrepreneurs to build businesses through add-on acquisitions, organic growth, and operational improvements. Since its inception in 1993, CI Capital and its portfolio companies have made more than 405 acquisitions representing approximately $10 billion in enterprise value.

Headquartered in Waltham, Massachusetts, Cadmus provides strategic and technical solutions to support matters of global significance. The company’s practice areas span from energy, water, and transportation to safety, security, and resilience. Its largest clients include the Environmental Protection Agency, Department of Homeland Security, United States Agency for International Development, Consumers Energy, and Con Edison. With 14 domestic and four international locations, Cadmus will serve as the base of a new, data-driven, global consultancy, with compelling opportunities to grow organically and inorganically.

Houlihan Lokey served as the financial advisor to CI Capital Partners and assisted the firm in the due diligence, valuation, and negotiation of the transaction. This deal highlights Houlihan Lokey’s leading experience in the aerospace, defense, and government services industries.

Houlihan Lokey’s Aerospace, Defense & Government (ADG) practice within the global Industrials Group is a leading M&A advisor to aerospace, defense, and government services companies. Since 2020, the team has closed more than 40 transactions worth nearly $9 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey’s ADG practice is among the largest dedicated industry banking groups worldwide. In 2020, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv.