CoVant was established by Joseph Kampf and other former senior executives of Anteon International Corporation. This team grew Anteon from a $100 million company when acquired in 1996 to a $1.7 billion company when sold in 2006 to General Dynamics for $2.2 billion. CoVant was formed for the purpose of providing capital and operational expertise to companies in the federal technology solutions marketplace, and, in 2012, teamed with Madison Dearborn Partners, LLC to pursue such opportunities.
In 2008, the CoVant team completed its first acquisition post-Anteon, A-T Solutions, Inc. (“ATS”). ATS is a leading anti-terrorism company focused on enhancing the safety and security of our nation. Over the next 7 years, CoVant expanded ATS’s capabilities and customers by providing additional capital and advice to ATS, which completed four acquisitions and grew its annual revenue from $34 million to $200 million. In 2015, the CoVant team completed a successful exit from ATS with its sale to PAE.
In 2014, CoVant worked with Madison Dearborn Partners to acquire LGS Innovations LLC (“LGS”) from its parent company, Alcatel-Lucent. LGS delivers next generation solutions that solve the most complex networking and communications challenges facing the U.S. federal government, state and local governments, foreign governments, and commercial enterprises worldwide.