Press Release
July 6, 2023

Holland & Knight Advises Broadtree Partners in Acquisition of Joint Research and Development

CHARLOTTE, N.C. (July 6, 2023) – A team of Holland & Knight private equity attorneys represented Broadtree Partners in its recent acquisition of Joint Research and Development (JRAD). The transaction was announced on June 22.

The acquisition will make JRAD the second company in Broadtree's GovCon platform, joining Sayres Defense, a leading provider of systems engineering and mission support services to the U.S. Department of Defense (DOD).

Charlotte, North Carolina-based Broadtree Partners is a middle market private equity firm with a specific focus on aerospace, defense, intelligence and federal civilian government services.

JRAD, headquartered in Stafford, Virginia, is a leading provider of test and evaluation services, total life cycle acquisition support, medical and public health preparedness, and science and technology research and development to government customers including the DOD, U.S. Department of Health and Human Services and federal civilian agencies.

Holland & Knight Partners Mike Miller and John Gilson led the firm's multifaceted representation of Broadtree Partners. They were assisted by Partners Arthur Lotz, who advised on debt financing matters, and Erin Estevez, who advised on strategic government contracting matters, with further support from Associates Kathryn Hesman, Jon Gerken, Christian de la Osa, Ana Moreno and Amy Fuentes. Numerous additional Holland & Knight attorneys advised on other specific subject matters.

More information on the transaction can be found here.

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