Industry Focus
Technology & Software
Software, data and technology services companies serving federal and commercial customers.
Overview
Technology & Software
Buyers continue to pay for differentiated platforms with durable contracts and defensible data positions — particularly where AI, cloud and mission software intersect with national security demand.
We advise founder-owned software businesses, technology services firms and sponsor-backed platforms on sell-side processes, growth capital raises and add-on acquisitions.
Coverage
The technology subsectors we cover
Software
Enterprise and mission software
SaaS platforms
Data and analytics
AI, ML and autonomy
Simulation and training
Technology Services
Systems integration
Cloud and managed services
DevSecOps and modernization
Cybersecurity services
Digital transformation
Products & Platforms
Hardware and embedded systems
Sensors and payloads
Communications equipment
Test and measurement
Component manufacturing
Senior Coverage
Leadership
Joshua ButlerManaging DirectorInvestment Banking · Tysons Corner, VAjbutler@mcleanllc.com703.827.0008
Mitch MartinManaging DirectorCo-head, Defense, Government & Intelligence · Tysons Corner, VAmmartin@mcleanllc.com703.752.9009
Track Record
Engagements
Sell-Side M&AAmpsighthas been acquired by Vibrint, an Acacia company2025
Sell-Side M&AARRAY Information Technologyhas been acquired by CGI2022
Sell-Side M&ACollabraSpacehas been acquired by Eqlipse Technologies, an Arlington Capital portfolio company2023
Sell-Side M&ATriad Interactivehas been acquired by McGraw Hill2022
Perspective
Insights
Market Report · Jun 2026Monthly Middle Market M&A Insider Report (May 2026)The McLean Group's May 2026 M&A Insider Report tracks deal activity across Defense & Government, Physical & Cyber Security, Critical Infrastructure, and Maritime. This month's edition highlights notable transactions including Parker Hannifin's announced $2.55B acquisition of CIRCOR's Commercial and Defense Aerospace business from KKR, VSE Corporation's $2.15B closing of Precision Aviation Group to build a 61-location aviation aftermarket platform, and Rocket Lab's $60M acquisition of Motiv Space Systems, adding Mars-proven robotics to its portfolio. The report also includes public company trading comps and EBITDA valuation multiples across all four sectors. Public market multiples are provided for reference purposes and reflect traded equity values, which may differ materially from private company transaction pricing.Read More →Market Report · May 2026Monthly Middle Market M&A Insider Report (April 2026)The McLean Group's April 2026 M&A Insider Report tracks deal activity across Defense & Government, Physical & Cyber Security, Critical Infrastructure, and Maritime. This month's edition highlights notable transactions including York Space Systems' $355M acquisition of satellite communications firm ALL.SPACE, Scale AI's acquisition of defense data analytics firm ICG Solutions, and Ondas' two-deal sprint adding World View Enterprises and Mistral to its autonomous intelligence portfolio. The report also includes public company trading comps and EBITDA valuation multiples across all four sectors. Public market multiples are provided for reference purposes and reflect traded equity values, which may differ materially from private company transaction pricing. Download the full report at mcleanllc.com.Read More →Market Report · Apr 2026What Is a 409A Valuation and When Does Your Company Need One?A 409A valuation is an independent appraisal of your private company's common stock, and if you're issuing equity incentive awards to employees, it's a legal requirement, not a formality. Get it wrong, and employees face immediate income recognition, a 20% federal penalty tax, and potential state penalties that can push effective tax rates well above 50%. In this article, The McLean Group's Valuation Advisory team breaks down exactly how 409A valuations work, when your company needs one, which IRS safe harbor methods apply at each stage, and the common mistakes that create tax exposure at exactly the wrong time: during fundraising, M&A due diligence, or an IRS audit.Read More →
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