Sagewind Capital Invests In Federal Advisory Partners
Sagewind Capital has invested in Federal Advisory Partners, a strategy consulting firm serving public and private sector organizations, and the federal U.S. healthcare market.
Steven Lefkowitz, Managing Partner of Sagewind said, "Our investment in Federal Advisory Partners builds on our extensive experience investing in and supporting government services firms. Federal Advisory Partners has a strong track record of serving federal healthcare agencies and we are excited to partner with their exceptional team at this exciting time. We look forward to supporting Federal Advisory Partners as we aim to diversify and enhance the Company’s capabilities and introduce its deep expertise to an entirely new customer set.”
In connection with the transaction, Vice Admiral C. Forrest Faison III, the 38th Surgeon General of the United States Navy, has been appointed to Federal Advisory Partners’ Board of Directors. Faison is a physician, long-time healthcare administrator, and senior military commander with extensive experience in healthcare innovation. He served nearly four decades in the United States Navy. As Surgeon General, he was chief of the Navy’s Bureau of Medicine and Surgery, responsible for leading a global healthcare network of 63,000 medical personnel stationed around the world who provide high quality health care to more than 2.6mn people with an annual operating budget over nine billion dollars.
Tim Borchert, co-founder and Chief Executive Officer of Federal Advisory Partners, Andrew Patrick, Chief Operating Officer, and Chris Katkocin, Vice President, will continue to lead the Company.
Federal Advisory Partners is Sagewind’s 5th current platform in the government services sector. Sagewind has also invested in Axient (formed through the combination of QuantiTech, Systems Engineering Group, Millennium Engineering, and Dynamic Concepts), By Light, GCOM and Sigma Defense Systems. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as Sagewind's legal counsel on the Federal Advisory Partners deal; financial terms of the transaction were not disclosed.
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