Venable represented Metron, Incorporated ("Metron") in the sale of its ORCA division to Systems Planning & Analysis, Inc. ("SPA"), a portfolio company of private equity firm, Arlington Capital Partners. Metron was incorporated in 1984 and is headquartered in Virginia, and most of the ORCA division is operated out of a San Diego facility. The transaction was structured as an asset purchase, with SPA acquiring approximately 70 employees, certain contracts, intellectual property, and other IT assets from Metron.
The Venable corporate team was led by Joe Schmelter, Stephanie Molyneaux, and Chris Conn with assistance from Greg Packer. Dismas Locaria and Taylor Hillman handled government contracts matters and novation packages; John Wilhelm and Ryann Aaron provided benefits assistance; Jen Prozinski and Hayley Degnan advised on labor and employment matters; AJ Zottola and Sydney West provided assistance with intellectual property agreements; Norman Lencz, Liz Stieff, and Walter Calvert helped with tax matters; Julia Tama and Josh Druckerman assisted with privacy and data security issues; and Doug McDonald provided real estate assistance.
The transaction was reported by businesswire.