Stout Advises on Sale of Artemis Consulting Inc. to ARETUM

Stout announced today that its client, Artemis Consulting Inc. (“Artemis”), has been acquired by ARETUM, LLC (“ARETUM”), a leading mid-tier organization focused on providing management consulting, mission support, and technology solutions. ARETUM primarily serves the Department of Defense, the Department of Homeland Security, and federal civilian agencies through a broad array of contracts, contract vehicles, and talented resources. Artemis is a McLean, VA-based prime contractor to multiple federal agencies. ARETUM is a portfolio company of Renovus Capital Partners.

With this addition, ARETUM has expanded its ability to support its customers’ cloud enablement and enterprise-level modernization efforts. The company also aids customers with leveraging open-source technologies for cost effectiveness and using microservices to bolster reusable infrastructure as well as new capabilities in Scaled Agile software development, DevOps, open-source development, and mobile application development.

Damian DiPippa, ARETUM CEO, said, “We are excited to bring the Artemis team under the ARETUM umbrella. Artemis is expanding and further diversifying our customer base with exquisite agile development capabilities that drive us up the technology stack.”

Amee Shah, CEO of Artemis, commented, “ARETUM is a great cultural fit for our employees, and its strategic vision blends well with that of Artemis.”

Rohit Gupta, Artemis Founder and President, added, “We are excited to bring our digital transformation, agile development capabilities, and legacy systems modernization capabilities to ARETUM to provide broader digital transformation expertise to its clients.”

Gupta will be joining the ARETUM senior leadership team with a focus on strategic technology offerings and leveraging emerging technologies to move client mission and vision forward.

Shah and Gupta added, “Stout’s Investment Banking team provided excellent support to Artemis throughout the process. Their familiarity with the government services sector, relationships with leading private equity firms, and track record of successful outcomes for similar companies led us to choose them – and their dedication and expertise were critical to our ability to close this transaction.”

Stout Managing Director Cameron Hamilton said, “We are thrilled with the outcome for both parties, and look forward to seeing both Artemis and ARETUM benefit from the combined platform well into the future as they address the critical digital transformation challenges facing various sectors of the federal government landscape.”

Hamilton led the execution of the transaction by the Stout Aerospace, Defense, and Government Services (ADGS) Investment Banking team. Stout’s Jack Denneny also assisted with executing the transaction.

Holland & Knight LLP served as legal counsel to Artemis. King & Spalding LLP served as legal counsel to Renovus and ARETUM.

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