HERNDON,
Va., Sept. 17, 2024 /PRNewswire/ -- Constellis
Holdings, LLC ("Constellis" or the "Company") announced today that
it has completed a recapitalization transaction with its existing
investors that significantly reduces indebtedness, while also
providing additional new capital to further position the Company
for future growth.
Simultaneously, in response to changing market dynamics,
Constellis has realigned its business operations into two new
divisions. Given its ongoing mission to provide best-in-class
security services and mission support solutions to federal and
commercial customers around the world, the operations that
currently fall within the Company's two primary business units,
Global Support Operations and North American Operations, will be
redistributed into two newly established business divisions —
Global Security Services (GSS) and Mission Support Services
(MSS).
Paul Donahue, the Company's Chief
Operating Officer, has been appointed President of GSS, and
Andy Hartsog has been elevated to
the position of Executive Vice President with responsibility for
the management of MSS. Mr. Donahue, a respected 30-year industry
veteran in the security and risk management industry, brings
unrivaled financial and operational management experience to lead
this growing billion-dollar security business. Mr. Hartsog, a
former CIA intelligence executive, decorated career paramilitary
operations officer, and former Green Beret, will apply his
exceptional leadership and management skills to lead MSS — a
multi-faceted business that includes new advanced security-response
technology solutions and global contingency support activities.
"This new business transaction represents the strong support
from our key investors and their confidence in our vision for
expansion in the physical security and mission support markets,"
Terry Ryan, Constellis' CEO said.
"The Constellis leadership team sees the security landscape to be a
dynamic one that will continue to be impacted by emerging threats
and technology trends. I view the recapitalization transaction and
our internal realignments as important steps in our evolution that
will position our enterprise for future growth by enabling
investment and enhanced focus on transformative and innovative
solutions, while leveraging our past successes and recognized
history of performance. It is indeed an exciting time to be at
Constellis." Ryan added.
Constellis continues to be a national leading supplier of
security and mission support services to the United States
Government, U.S. allies, and respected commercial businesses
globally.
Throughout the recapitalization transaction process, Akin Gump
Strauss Hauer & Feld LLP served as legal counsel to Constellis
and Houlihan Lokey, Inc. served as
investment banker.
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SOURCE Constellis