Cherokee Federal Expands Reach with ATA Majority Acquisition
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Cherokee Federal Expands Reach with ATA Majority Acquisition
Cherokee Federal, a division of Cherokee Nation Businesses, has taken a significant step forward by acquiring a majority stake in Advanced Technology Applications (ATA). This strategic initiative falls under the new growth capital firm, Sovereign Capital, established to capitalize on Cherokee Federal's extensive experience in the federal contracting arena.
About the Acquisition
ATA, based in Virginia and founded in 2008, is known for delivering comprehensive data-intensive solutions across various sectors. The firm offers services that address multiple challenges, making it a key player in sectors such as aviation, defense, emergency management, and enterprise modernization. Their clients include prestigious agencies like the U.S. Department of Homeland Security and the U.S. Department of Defense.
Leadership Insight
Steven Bilby, President of Cherokee Federal and Sovereign Capital, expressed enthusiasm regarding the acquisition, stating, "This is another exciting step in our strategic growth journey, showcasing our ongoing commitment to innovation across our businesses." He emphasized the opportunity for leveraging decades of federal contracting experience to foster growth through mergers and acquisitions.
ATA’s Perspective on the Partnership
Craig Parisot, President and CEO of ATA, shared his excitement about this new partnership, highlighting how it expands ATA’s range of contracting solutions, allowing easier access to their technical expertise. This collaboration is viewed as pivotal for ATA's next growth phase, differentiating it from other strategies under consideration.
Sovereign Capital’s Vision
Sovereign Capital is determined to nurture companies focused on federal government projects that show potential for profound growth. The firm specializes in funding businesses led by founders, providing both financial resources and strategic guidance essential for scaling operations.
A Catalyst for Growth
Squire Lawrence, VP and General Manager of Sovereign Capital, stated, "What we are building with Sovereign Capital is much more than an investment firm; it is a catalyst for the transformative growth of small businesses." He reiterated their team’s passion for expanding their influence in government contracting and supporting capable enterprises like ATA.
Commitment to Excellence
For more information about the operations and goals of Sovereign Capital and the services offered by ATA, interested parties are encouraged to explore their respective websites, where they can find further insights into their innovative solutions and business strategies.
Frequently Asked Questions
What is the significance of Cherokee Federal's acquisition of ATA?
This acquisition allows Cherokee Federal to enhance its capabilities in federal contracting and expand the range of services offered through ATA.
Who leads Sovereign Capital?
Sovereign Capital is led by the experienced team at Cherokee Federal, including Steven Bilby, who oversees strategic growth initiatives.
What types of solutions does ATA provide?
ATA specializes in delivering data-intensive solutions across various domains, including aviation, defense, and emergency management.
How does Sovereign Capital plan to support ATA's growth?
Sovereign Capital aims to provide both financial support and strategic guidance to promote ATA's growth in federal contracting.
What are the strategic goals of Cherokee Federal moving forward?
Cherokee Federal's strategic goals include expanding its services in the federal contracting space and fostering innovation through targeted acquisitions.
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