VTG seeks greater Air Force presence via acquisition

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This buy represents VTG's first acquisition since the company itself was acquired by Alvarez & Marshal Capital Partners in the fall of 2023.

VTG has acquired a specialist in digital transformation programs for national security agencies as part of an ongoing push to further build out a footprint across that customer base.

VTG is particularly expanding its presence with the Air Force through its purchase of Vana Solutions, whose core lines of work involve cloud computing and data-fabric solutions. Terms of the transaction announced Thursday were not disclosed.

For VTG, this move represents its first acquisition since the company itself was bought by the private equity firm Alvarez & Marshal Capital Partners back in the fall.

Chantilly, Virginia-headquartered VTG has a long history of engineering and logistics work that it still leans on amid its ongoing digital pivot. The company also describes its key focus areas as including combat and weapon systems, and undersea and autonomous technologies.

Vana was founded in 2005 by Srujal and Sunit Sheth to bring cloud- and data-centric tech solutions further into Air Force missions and programs. The company also touts at least four proprietary offerings in its overall digital transformation and agile development portfolio.

Vana has received approximately $27.9 million in unclassified prime contract obligations over the trailing 12 months with the Air Force representing 59% of that spend, according to GovTribe data. The Navy, Defense Health Agency and NASA also are significant clients of Vana.

G Squared Capital Partners acted as the exclusive investment bank to Vana.