Holland & Knight Advises cBEYONData in Acquisition by SMX
TYSONS, Va. (February 14, 2025) – Holland & Knight represented cBEYONData, a provider of implementation, design and managed service capabilities and a portfolio company of Bluestone Investment Partners, in its sale to SMX, a leader in next-generation mission support, digital transformation and IT solutions and a portfolio company of OceanSound Partners. The transaction was announced on February 11.
The acquisition strengthens SMX's capabilities in digital transformation, particularly in financial transparency, budget management and operational efficiency, which are key priorities for the U.S. government. The acquisition also positions SMX, which is based in Hollywood, Maryland, to expand its client base and create new cross-selling opportunities, leveraging cBEYONData's long history of serving agencies such as the U.S. Army and U.S. Department of Justice.
Headquartered in Arlington, Virginia, cBEYONData specializes in enabling federal agencies and organizations through innovative solutions and services, which include business process re-engineering and improvement, enterprise resource planning (ERP), financial and logistics data management, business intelligence and analytics, technology modernization, data visualization and business automation.
Holland & Knight previously advised cBEYONData in its sale to Bluestone Investment Partners in 2021 and in two subsequent add-on acquisitions.
Holland & Knight's representation of cBEYONData was led by Partners Adam August and Lauren Benny and Associates Fernando Butler and Taylor Oglesby (M&A), with assistance from Partners Tim Kobes and Amy Fuentes (Government Contracts) and John Dierking (Antitrust). The team was supported by Partners Kerry Kehoe (Financial Services), Gary Schoenbrun (Tax), and Partner Eric Rubin and Associates Burke Depuy and Charnae Supplee (Executive Compensation & Benefits).
More information on the transaction can be found here.
Recently recognized as the Private Equity Law Firm of the Year by the Global M&A Network, Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG, Mergermarket, PitchBook and The Deal. Through the HK Deal Flow℠ program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.