Atlantic Street Capital enhances Specialized Logistics Portfolio

Atlantic Street Capital has augmented its portfolio of logistics companies with the acquisition of the Venture Management client Patterson Motor Freight. Atlantic Street is building a leading national provider of heavy and over-dimensional trucking and logistics services for the aerospace, defense and infrastructure related markets, including loads requiring special handling and monitoring.

The Columbia Group has acquired Eagle Systems and Services

Venture Management represented Eagle Systems and Services, a global provider of logistics services to the US Armed Services, in its sale to The Columbia Group, with headquarters in Washington, D.C. Eagle Systems was privately held and had annual revenues of approximately $50 million from operations throughout the United States and overseas at the time of its acquisition by The Columbia Group.

Power Supply Company Licenses Innovative New Topology

A supplier of power converters serving the high-efficiency computer, telecom, and data center markets has licensed a patented technology from a Venture Management client. The technology features higher efficiency, faster response time and higher density than prevailing topologies. The license is aimed at Type 3 military specifications, i.e., the 'COTS' market. Licenses will also be offered for Types I and II 'MIL spec' applications, i.e., those associated with military and high reliability "rad hard" and space markets.

SM&A, Inc. has acquired ifour, llc.

Venture Management, Inc. announced that its client, SM&A, Inc. (NASDAQ: WINS), the world's leading provider of business strategy and proposal development services and a leading provider of program management services, has acquired privately held ifour, llc; this is the third transaction completed in our engagement by this client.

SM&A, Inc. has acquired Performance Management Associates, Inc. (PMA).

SM&A Acquires Performance Management Associates, Inc. SM&A (NASDAQ: WINS), the world's leading provider of business strategy and proposal development services and a leading provider of program management services, has acquired privately held Performance Management Associates, Inc. (PMA). PMA, based in West Palm Beach, Florida, is a leading provider of Earned Value Management Systems (EVMS) implementation, analysis and training for enterprise project management solutions.

Venture Management Client SM&A Acquires Project Planning Inc.

Venture Management, Inc., a technology-focused investment banking firm, announced today that it has successfully advised the US-based consulting company, SM&A, in its acquisition of Project Planning Inc. of Andover, Massachusetts. As the exclusive investment banking advisor to SM&A, the Venture Management deal team leveraged its transaction experience and IT services industry expertise to strengthen SM&A�s program management services business with the acquisition of a leading provider of consulting, implementation, and support services for enterprise project management solutions.

Venture Management Client Acquires LEADS Corporation

Venture Management, Inc. announced that ITS Corporation (ITS) has acquired The LEADS Corporation, a Virginia-based company providing information technology and management consulting services to the federal government with a focus on program management, web application development, enterprise architecture, business process improvement and acquisition management.

Venture Management Initiates Purchase of Noesis Assets

Venture Management, Inc. announced that ITS Corporation (ITS) has acquired the Federal Sector Support (FSS) Services business of Noesis, Inc.; the acquired business specializes in systems engineering, information science and technical program management services for the federal government.

SAIC Acquires Aquidneck Management Associates

SAIChas completed the acquisition of Aquidneck Management Associates, Ltd. (AMA), a Rhode Island-based provider of professional services to defense and state customers. AMA will join SAIC's Naval and Maritime Solutions Business Unit, to become the AMA Operation, based in Newport, R.I. Minuteman Ventures represented Aquidneck Management Associates in the transaction.

ITS Corporation recapitalized by RLH

ITS Corporation (ITS), a privately-held information technology (IT) services firm, was recapitalized by the Southern California private equity firm of Riordan, Lewis & Haden ("RLH") and ITS management. Venture Management represented RLH in this transaction and had provided ITS with strategic advisory services in the past.

Tetra Tech, Inc. acquires AMTI

Tetra Tech, Inc. (NASDAQ: TTEK) has acquired Advanced Management Technology Incorporated (AMTI), an Arlington, Virginia-based firm that provides systems engineering, program management, and information management services to federal government customers throughout the United States. The investment-banking firm of Venture Management initiated the transaction and was retained by Tetra Tech to provide advisory services related to completing the AMTI transaction.

Tetra Tech acquires Engineering Management Concepts

Tetra Tech, Inc. (NASDAQ: TTEK) has acquired Engineering Management Concepts, Inc. (EMC), a Camarillo, California-based engineering and program management firm that provides services exclusively to the federal government. Venture Management was retained by Tetra Tech to provide advisory services related to the EMC transaction.

Titan Corporation acquires AverStar

Titan Corporation (now part of L-3 Communications) has acquired AverStar, Inc., which provides information technology services and software products for the mission-critical civilian and defense agencies.

AverStar, Inc acquires CBSI

AverStar, Inc. has acquired CBSI, Inc., a provider of data center management, network operations support and enterprise application development to federal customers.

Crestwood Associates acquires Software Lab

Crestwood Associates L.L.C., a Microsoft Great Plains consulting firm, acquired certain assets of Software Lab, Inc., and hired members of the Software Lab consulting and development staff. Venture Management was the exclusive financial advisor to Software Lab.

Engineers Leasing acquires S/G Testing Laboratories

Engineers Leasing Co., Inc. (a subsidiary of Earth Systems, headquartered in San Luis Obispo) successfully closed an asset purchase of the testing and laboratory equipment of S/G Testing Laboratories.

U.S. Laboratories acquires BTC Laboratories

U.S. Laboratories Inc. (NASDAQ: USLB) has acquired BTC Laboratories, Inc. (BTC), a construction materials inspection and testing services company that was founded in 1959. The combination of BTC with U.S. Laboratories (U.S. Labs) subsidiaries in San Diego and Orange County will make U.S. Labs the largest company of its kind in Southern California. Venture Management initiated this transaction and advised the owners of BTC Laboratories.

Panurgy acquires Sequoia Diversified Products

Panurgy, Inc. (formerly Information Technology Partners, Inc.) has acquired Sequoia Diversified Products Inc., of Auburn Hills, Michigan, who was named Microsoft,s Worldwide Partner of the Year for 1998. The company provides network integration services, software development, internet programming and consulting. Sequoia also provides value-added services such as hardware and software sales, fiber-optic cabling, computer maintenance, help desk support and year 2000 solutions.

Panurgy acquires Financial Systems Consulting

Venture Management announced the closing of another acquisition by Panurgy, Inc. (formerly Information Technology Partners, Inc.). The acquired company, Financial Systems Consulting, Inc., (FSC), of Long Beach, California, is an accounting and business systems consulting firm that provides client/server business software solutions to middle market and enterprise-level organizations. FSC specializes in Great Plains Dynamics C/S+ business management software and provides implementation, training, and consultation services internationally. FSC has been named to the Great Plains Software Inner Circle, a distinction earned by firms whose sales rank among the top one percent of Great Plains, global network of financial management software partners.