Redhawk Federal Solutions has established a new banking relationship with Regions Bank to finance its acquisition of Geneva Software and support additional growth across the federal technology market.
The banking package includes a new line of credit, enhanced treasury management capabilities and a delayed draw term loan facility that can be used to support future acquisitions.
Redhawk said the facility gives it committed capital for near-term working capital requirements while also providing flexibility around its acquisition pipeline.
The delayed draw structure is intended to allow the company to pursue future transactions without arranging a completely new financing package for each acquisition.
Regions’ treasury management platform will also provide Redhawk with additional visibility and control over cash management as the company adds operating businesses.
The financing supports Redhawk’s acquisition of Geneva Software, a federal government-focused technology company providing application development, application lifecycle management and other IT services to the U.S. Department of State and other federal customers.
The Regions relationship supplements Redhawk’s existing capital partnerships, including its relationship with Genesis Park.
Redhawk intends to continue pursuing acquisitions across the federal technology sector.
KEY QUOTES:
“Regions has been incredibly helpful from day one, and this banking relationship reflects exactly the kind of collaborative, mission-focused bank Redhawk needs as we scale. Their local bankers in Fort Worth and Regions’ Defense, Aerospace, and Government Services team moved quickly to understand our business and structure a facility that supports not only the Geneva transaction but also our broader acquisition strategy. The DDTL gives us the flexibility to move on future opportunities without missing a beat, and the enhanced Regions Treasury Management tools will help streamline how we manage the business day to day.”
Matthew Muns, CEO of Redhawk Federal Solutions
“At Regions Bank, our go-to-market strategy combines relationship-based banking with specialized industry teams that understand the unique opportunities affecting our clients. The strength of that approach allows us to deliver customized solutions that help companies, like Redhawk, pursue acquisitions, scale effectively, and achieve their growth ambitions. We are proud to welcome Redhawk Federal Solutions to the Regions Bank approach to client support.”
Brian Happel, Fort Worth Market President and Commercial Banking Executive at Regions
