SC&H Capital Advises By Light Professional IT Services on its Acquisition by Sagewind Capital

Press ReleasesCapital
Updated on: March 29, 2024

The acquisition of By Light Professional IT Services illustrates the continued interest of private equity buyers in the government services space

SC&H Capital, a leading investment bank and M&A advisory firm is pleased to announce that its client, By Light Professional IT Services (“By Light” or “Company”), was acquired by Sagewind Capital LLC (“Sagewind”), a New York-based private equity firm.

By Light is a leading provider of a full range of hardware and software engineering services to defense, civilian, and commercial customers worldwide.  The Company was recognized as #84 of Washington Technology’s Top 100 Government Contractors in 2017.  By Light has won multiple highly competitive, unrestricted awards including the $50 billion Alliant II GWAC and the VA’s $22 billion T4 NextGen contracts, and continues to compete as a top contender providing innovative and efficient IT solutions.

“By Light selected Sagewind because of the firm’s strong track-record and history of supporting management teams to build and grow businesses,” said Matthew Roberson, Director, SC&H Capital.  “I expect Bob and his highly experienced management team to have continued success growing By Light into a large-scale, government IT services platform both organically and through strategic add-on acquisitions.”

“Matt and the SC&H Capital team were critical advisors and negotiators on my behalf to bring me multiple attractive options for deals,” said Bob Donahue, founder and CEO of By Light.  “They worked closely with me and my management team to help us select a partner in Sagewind that exceeded all of my objectives for a deal.  ”

“I evaluated multiple investment banks and selected SC&H Capital because of the perfect combination of market expertise, senior level attention, and thoughtful approach,” continued Mr. Donahue.  “SC&H operates with the highest level of ethics and attentiveness, and provided tangible value to me every step of the process. I am highly pleased with the outcome.”

The transaction was consummated in May 2017.  Financial terms of the deal were not disclosed.

About By Light Professional IT Services LLC

By Light provides comprehensive systems engineering and management expertise for the design and implementation of both classified and unclassified Government Networks. The core management and engineering team is made up of industry leaders from Commercial, Civilian, and DoD marketplaces. These integrated talents enable the implementation of technical solutions that mesh best commercial practices with the unique requirements of the Federal customer. Driven by a management team that leverages real-world expertise from the defense, intelligence, federal healthcare, and commercial sectors, By Light provides reliable, efficient, and cost-effective IT solutions. By Light was founded in 2002 by Bob Donahue and is headquartered in Arlington, VA.

About Sagewind Capital LLC

Sagewind Capital LLC is a middle market, private equity firm founded in 2015 by Steve Lefkowitz.  The principals of Sagewind have been investing in middle market companies since 1993, and collectively have acquired over 200 companies with over $8bn in transaction value.  Sagewind Capital intends to build a concentrated portfolio of control and co-control investments in key sectors that have the potential for organic growth and can serve as platforms for substantial value creation through strategic acquisitions.  Since inception in 2015, Sagewind Capital has made six investments that collectively generate annual revenue of over $500 million, annual EBITDA of over $65 million and employ over 1,900 people.

About SC&H Capital

SC&H Capital, an affiliate of SC&H Group, is a premier investment bank and advisory firm providing merger and acquisition (M&A), employee stock ownership plan (ESOP), and business valuation solutions globally leading middle market companies. SC&H Capital advises leading companies across numerous industries including technology, healthcare, manufacturing, and government contracting to help owners maximize their exit planning goals and liquidity objectives. To learn more visit

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