Veritas Capital
| Founded | 1992 |
|---|---|
| Founders | Robert B. McKeon |
| Headquarters | 9 W 57th St, New York, NY 10019, New York City, USA |
|
Key people
|
Ramzi Musallam Hugh Evans Benjamin Polk Joe Benavides James Dimitri Brian Gorczynski |
| Services |
Private equity Banking & Financial Services Technology or technology-enabled solutions |
| Total assets | $8.8 billion (2017) |
|
Number of employees
|
32 (2017) |
| Website | Veritas Capital website |
Veritas Capital is a New York-based private-equity firm founded in 1992. that specializes in national security, information technology and other government-sector investments. The firm’s first fund closed in 1998. With the closing of its sixth fund in 2017, Veritas has approximately $8.8 billion of assets under management. Veritas is led by Ramzi Musallam, the firm’s Chief Executive Officer and Managing Partner.
Veritas Capital was founded in 1992 and raised its first fund in 1998. Veritas invested exclusively in companies that support the government or government-related commercial customers, specifically in certain sectors, such as aerospace & defense, communications, education, energy, government services, healthcare, national security, and technology. Since 1998, Veritas has raised six funds with a total value of over $7.5 billion dollars. During this time, Veritas originated and managed over 70 acquisitions. Veritas is led by CEO Ramzi Musallam.
Veritas made a major play in national security with the acquisition of Raytheon Aerospace in June 2001 and Flight International in December 2002. It merged the two companies to form Vertex Aerospace LLC, and sold Vertex to L3 Technologies in October 2003.
Veritas acquired several units of DynCorp from CSC in 2004 to create DynCorp International LLC. It launched an IPO on the in 2006, offering offered 25 million shares and retaining shareholder control. Veritas sold DynCorp International to Cerberus Capital Management in 2010.
In 2005 it acquired MZM Corporation and changed MZM's name to Athena Innovative Solutions Inc. before selling it to CACI in 2007.
Veritas acquired the Enterprise Integration Group business unit of Lockheed Martin in 2010 and changed its name to the SI Organization. SI acquired PhaseOne Communications in 2012, Applied Communication Sciences in 2013 and QinetiQ North America’s services business in 2014, after which it rebranded itself Vencore.
By 2017 Veritas' portfolio included Aeroflex Holding Corp, Athena Innovative Solutions Inc., Continental Electronics Corporation, DynCorp International Inc, Enterprise Electronics Corporation, Global Tel Link, TRAK Communications, McNeil Technologies, Inc and Integrated Defense Technologies.
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