Jul 2023 | Virginia

Phoenix Group of Virginia Acquired By Phoenix Group of Virginia Holdings

We are pleased to share the sale of our client, Phoenix Group of Virginia, Inc., to Phoenix Group of Virginia Holdings, Inc. The acquisition closed July 13, 2023.

Located in Chesapeake, Virginia, Phoenix Group of Virginia, Inc. (Phoenix Group) is a Professional and Engineering services firm that provides a variety of program management, installation support, operational experimentation support services, and first responder products to governmental and commercial organizations.

The Company has successfully completed contracts with the Department of Defense, Department of Homeland Security, Department of Transportation, National Aeronautics and Space Administration (NASA), and defense-related contracts with the North Atlantic Treaty Organization (NATO), both as a prime and sub-contractor. The Company is a diversified Service- Disabled Veteran Owned Small Business (SDVOSB), pending SBA recertification at this time.

Phoenix Group of Virginia Holdings, Inc., located in Chesapeake, Virginia, was created to help partners, founders, employees, and communities live more meaningful lives. The Company believes that success isn’t just about reaching financial goals; it’s about fostering genuine relationships based on authenticity for the long term. That’s why they put people first in everything they do.

The new owners of Phoenix Group of Virginia, Inc., Phoenix Group of Virginia Holdings, have an ambitious mission to continue the legacy created by the previous owners. The team seeks to do this under Service-Disabled Veteran Leadership with the backing of healthy companies, great investors, and a drive to uncover opportunities that generate strong cash flow while scaling up their growth potential.

Phoenix Group of Virginia maintains its many integral components that have defined the company’s success since 2008. The Company’s current focuses include a seamless transition phase with rejuvenation in current products/services while expanding the Company’s wings to other opportunities in the fashion of the Phoenix Group’s ideology.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Mark Shortz, a Generational Group Authorized Affiliate, with the support of Managing Director of M&A, Corey Painter, successfully closed the deal.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials page.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Business & Financial Services page.

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