NewSpring Expands Federal Portfolio With Xpect Solutions Acquisition

NewSpring Holdings, the majority investment strategy of private equity firm NewSpring, has acquired Xpect Solutions, a Fairfax, Virginia-based provider of enterprise IT and security services to federal agencies.

NewSpring said Tuesday Xpect becomes the third company in the federal platform of NewSpring Holdings, which invests in technology-enabled services for the federal market.

Xpect Leadership Shift

Following the acquisition, Ash Halim, former Xpect CEO, will remain at the company in the role of president. He will oversee the day-to-day operations of Xpect.

Yusuf Abdul-Salaam, former operations executive at NewSpring, will step in as the chief executive of Xpect. He brings to the enterprise IT and security services firm over 15 years of experience supporting the federal law enforcement community.

Meanwhile, Amaha Tsegaye, also an operations executive at NewSpring, will assume the responsibilities as chief operating officer of Xpect. He is also a law enforcement expert who has worked with national security customers.

NewSpring Holdings’ Federal Platform

The NewSpring federal platform is a group of companies focused on capturing business and meeting the needs of customers in the U.S. government. 

Xpect will receive guidance from federal market experts who make up the private equity firm’s advisory board, including NewSpring Holdings Federal Operating Partner Chris Blahm.

BCore, which develops mission-centric technologies for the Department of Defense and the Intelligence Community, and C Speed, an advanced radar systems and engineering company, also operate as part of the NewSpring federal platform.