Category: Press Release

Constellis Holdings, LLC Completes a Recapitalization Transaction with Existing Investors

Constellis Holdings, LLC (“Constellis” or the “Company”) announced today that it has completed a recapitalization transaction with its existing investors that significantly reduces indebtedness, while also providing additional new capital to further position the Company for future growth.

Simultaneously, in response to changing market dynamics, Constellis has realigned its business operations into two new divisions. Given its ongoing mission to provide best-in-class security services and mission support solutions to federal and commercial customers around the world, the operations that currently fall within the Company’s two primary business units, Global Support Operations and North American Operations, will be redistributed into two newly established business divisions — Global Security Services (GSS) and Mission Support Services (MSS).

Paul Donahue, the Company’s Chief Operating Officer, has been appointed President of GSS, and Andy Hartsog has been elevated to the position of Executive Vice President with responsibility for the management of MSS. Mr. Donahue, a respected 30-year industry veteran in the security and risk management industry, brings unrivaled financial and operational management experience to lead this growing billion-dollar security business. Mr. Hartsog, a former CIA intelligence executive, decorated career paramilitary operations officer, and former Green Beret, will apply his exceptional leadership and management skills to lead MSS — a multi-faceted business that includes new advanced security-response technology solutions and global contingency support activities.

“This new business transaction represents the strong support from our key investors and their confidence in our vision for expansion in the physical security and mission support markets,” Terry Ryan, Constellis’ CEO said. “The Constellis leadership team sees the security landscape to be a dynamic one that will continue to be impacted by emerging threats and technology trends. I view the recapitalization transaction and our internal realignments as important steps in our evolution that will position our enterprise for future growth by enabling investment and enhanced focus on transformative and innovative solutions, while leveraging our past successes and recognized history of performance. It is indeed an exciting time to be at Constellis.” Ryan added.

Constellis continues to be a national leading supplier of security and mission support services to the United States Government, U.S. allies, and respected commercial businesses globally.

Throughout the recapitalization transaction process, Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Constellis and Houlihan Lokey, Inc. served as investment banker.

Constellis, a leading global provider of essential risk management and mission support services to government and commercial customers, announced today that Olivia Fines has been appointed to serve as the Company’s Chief Legal and Compliance Officer. She will also serve as Corporate Secretary.

“Our Board and executive team are pleased to welcome Olivia as our Chief Legal and Compliance Officer,” said Terry Ryan, Chief Executive Officer of Constellis. “Her extensive experience in federal procurement processes, technology deployment, risk management, global workforce management, corporate governance, and overall legal compliance, makes her uniquely qualified for the role. Olivia is an exceptional talent and a welcomed addition to our existing team. She brings with her the knowledge and subject matter expertise that will help Constellis achieve its strategic growth objectives.”

“Olivia will oversee and direct all legal and regulatory compliance related matters, including litigation, investigations, contracts, corporate governance, health and safety, environmental, as well as ethics and internal audit functions. The enterprise will benefit from her advice and counsel,” said Ryan.

Olivia Fines stated, “I am thrilled to be joining Constellis! Our mission here is a vital one, and I look forward to helping navigate the Company’s future by working closely with an exceptional Executive Management Team and global workforce.”

Prior to joining Constellis, Ms. Fines served as the Senior Vice President, Deputy General Counsel, and Chief Compliance Officer at Parsons Corporation, where she led and managed the International Trade Compliance Team, the FCPA Due Diligence Team, and the Global Ethics Program and Team.