DENVER, CO -- (MARKET WIRE) -- Sep 16, 2009 -- CH2M HILL announced the sale of the IT solutions division of its Enterprise Management Solutions (EMS) business to CRITIGEN, a portfolio company of Golden Gate Capital, a private equity firm with a strong focus on the IT industry.
"The sale of our EMS business represents a strategic turning point for CH2M HILL," said Lee McIntire, CH2M HILL President and CEO. "We'll continue to focus on our corporate strategy to become the world's premier engineering, construction, and operations firm, and partner with CRITIGEN for expanded, best-in-class IT solutions that meet our clients' requirements."
A three-year preferred provider agreement between CH2M HILL and CRITIGEN will provide maximum value to CH2M HILL clients including strategic IT solutions; continuity of service; and ongoing partnerships with existing EMS personnel. CH2M HILL will be CRITIGEN's single, largest client.
As Jake Mizrahi, Managing Director of Golden Gate Capital commented, "Golden Gate Capital is very excited to be acquiring CRITIGEN, the leading provider of enterprise spatial solutions into the critical infrastructure market. As a significant technology investor, we have seen that the company's geospatial, collaboration, and security solutions, as well as its managed services offerings represent some of the fastest growing market segments in the IT sector. We look forward to the opportunity to partner with CRITIGEN management to continue to grow the business."
As an integral part of CRITIGEN's IT solutions platform, CH2M HILL's former EMS business will offer clients information technology management consulting, enterprise spatial solutions, enterprise information technology collaboration solutions, integrated information security, and hosting and managed services in support of unique IT solutions that best meet client requirements.
"CH2M HILL has brought us unparalleled domain expertise in our ability to visualize, collaborate, secure and manage information through technology-based approaches," said Jeff Akers, CEO of CRITIGEN. "Now as CRITIGEN, we look forward to continuing the relationship with CH2M HILL and our progressive client portfolio as well as securing new opportunities with critical infrastructure stakeholders."
Headquartered near Denver, Colo., employee-owned CH2M HILL is a global leader in engineering, procurement, construction, management and operations for government, civil, industrial and energy clients. With $6.4 billion in revenue and more than 25,000 employees, CH2M HILL is an industry-leading program management, construction management and design firm, as ranked by Engineering News-Record (2009). The firm's work is concentrated in the areas of energy, water, transportation, environmental, nuclear and industrial facilities. The firm has long been recognized as a most-admired company and leading employer, including being named by FORTUNE as one of the 100 Best Companies to Work For (2009). Visit www.ch2mhill.com.
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $8 billion of capital under management. The firm's charter is to partner with world-class management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. For additional information, visit www.goldengatecap.com.
CRITIGEN is a global technology consultancy serving as the leader in information management for critical infrastructure. Divested from CH2M HILL's 62-year, $6.4 billion engineering business, we leverage our deep domain expertise to develop technology-based approaches for some of the most prestigious and progressive clients in the world.
Solely focused on the convergence of technology application and mission-critical data, CRITIGEN provides clients a way to visualize, collaborate, secure and manage information -- becoming the catalyst for modernizing critical infrastructure. See how we align 21st century demands with 21st century answers at www.critigen.com.
MEDIA CONTACTS John Corsi CH2M HILL 720.286.2087 Dianna Herbst CRITIGEN 720.530.0365
