David Langstaff A private equity relationship has to be based on more than just money.


Veridian became a major supplier of information security services and solutions to the U.S. government as a result of the acquisition of three companies in 1999. Monitor Clipper Partners provided the capital and support needed to facilitate the acquisitions and then helped to integrate the new companies, expand Veridian's senior team, access the public equity markets and complete a fourth major acquisition, giving the Company unparalleled, end-to-end service capabilities.

Veridian's goal was to become a substantial player by changing the rules of the game – offering integrated information solutions rather than simply discreet services. The Company saw a big opportunity in providing network security and other information-based solutions at a time when the national security and defense communities began to transition away from a solely platform focus. Veridian's goal was a bet on the future. Monitor Clipper Partners had the vision to see the merits of this bet. Because MCP excels at working with companies and industries in transition, we were the perfect fit for Veridian.

A private equity relationship has to be based on more than just money.  By partnering with MCP, Veridian got much more than that:  stemming from our consulting roots, we were able to share our deep understanding of operational and strategic issues. Veridian's management trusted MCP, coming to rely on our strategic insights in matters ranging from compensation to potential areas of growth, as well as everyday issues.

Four years after Monitor Clipper Partners' investment, General Dynamics acquired Veridian for $1.5 billion, the highest acquisition multiple in the sector's history, validating Veridian's leadership position in the high-growth government intelligence and security markets. Veridian's dramatic growth was reflected in the appreciation of its equity, which more than tripled in value during Monitor Clipper Partners' investment period.