Xcelerate Solutions – a leading defense and national security company and portfolio company of McNally Capital – announced it has merged with VMD Corp. Based in Fairfax, Virginia, VMD is a cybersecurity, agile engineering, and critical infrastructure protection firm. The combined company will go to market as Xcelerate Solutions, thus offering a comprehensive and mission-first portfolio of secure solutions to the federal government.
The combined company boasts an experienced team of 1,000+ technology professionals dedicated to delivering a broad spectrum of cybersecurity, enterprise, and infrastructure protection services focused on mission-first delivery. And the depth and versatility of Xcelerate’s expanded capabilities and contracts present opportunities for diversification and growth across its defense, law enforcement, national security, civilian agencies, and throughout the federal government.
Xcelerate plans to capitalize on the combined strengths of the companies and foster a mission-first culture, align leadership, and crystallize its go-to-market portfolio to best serve federal clients in the coming months.
Ropes & Gray LLP served as legal counsel for this transaction. Nelson Mullins provided legal counsel on behalf of VMD.
KEY QUOTES:
“We see this merger as a win-win. We share similar cultures, like-minded leadership, and a deep commitment to delivering positive mission outcomes. Since the investment from McNally Capital, we’ve been actively looking to expand our security and IT capabilities through M&A. VMD is a great match. Together, our expanded capabilities, contracts and specialized expertise make a powerful statement to the government market.”
– Mark Drever, Chief Executive Officer of Xcelerate
“We are excited about what this merger will mean to our clients. Not only will it broaden our portfolio, but it will allow us to leverage the strengths of both companies offering new solutions across our engagements.”
– VMD co-founders Deepti Malhotra, Chief Executive Officer and Vivek Malhotra, President
“We are excited to welcome VMD to Xcelerate and the broader McNally Capital portfolio. Like Xcelerate, VMD has built a reputation for trusted delivery, deep technical talent, and engineering prowess. We believe this will provide a solid foundation for future growth.”
– Michael Ember, Vice President of McNally Capital
