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Dec. 13, 2022: Cybersecurity Merger Creates New Provider for the Middle-Market

Plus, MBF Healthcare announces autism therapy acquisition, and DJM secures financing for real estate revamp

Dec. 13, 2022: Cybersecurity Merger Creates New Provider for the Middle-Market

Read the top headlines for Tuesday, December 13, 2022 below:

Booz Allen Exits Cyber Business to Nautic’s Security On-Demand

Consulting firm Booz Allen Hamilton has announced the sale of Managed Threat Services to Security On-Demand, according to a company announcement. In a press release, Booz Allen noted Security On-Demand is a part of the portfolio of middle-market private equity firm Nautic Partners, which first acquired the business in January. The cybersecurity merger will see the combination of Managed Threat Services and Security On-Demand into a combined cybersecurity services business, DeepSeas, targeting middle-market businesses with a range of threat detection and incident response solutions.

Related content: Operational Excellence Series Pt. 1: Closing Cybersecurity Gaps

MBF Healthcare Partners Acquires Autism Therapy Provider

Middle-market healthcare private equity firm MBF Healthcare Partners II announced its acquisition of Austin Connect to Wellness, LLC d/b/a/ ABA Connect. ABA Connect provides applied behavior analysis to children and adolescents with autism spectrum disorder. The company’s leaders, Kirsten Brooks and Tim Plachta, said, “It was important for us to find a partner who has a successful track record of supporting high-growth healthcare companies, with specific experience navigating the ABA therapy space, and a commitment to putting patient care first.” They added that backing from MBF Healthcare Partners will enable the company to invest in its staff and systems, as well as to expand beyond Texas into additional states.

PE Real Estate Firm DJM Announces Recap with Arc Capital

DJM Capital Partners, a private equity real estate owner, announced a partnership with Arc Capital Partners to recapitalize and revitalize a mixed-use retail property, Village Del Amo, based in Torrance, California. The loan refinancing follows the recent opening of a new grocery story in the space, while DJM noted that the funding will support the redevelopment of restaurant pads. In a statement, DJM president Lindsay Parton pointed to the new grocery story, as well as new restaurant and retail stores, and a property design update, that will allow the location to evolve with ongoing shifts in the retail sector.