Farragut Invests in Atlas Executive Consulting

WASHINGTON, D.C. – Farragut Capital Partners, Inc. is pleased to announce the closing of an investment in Atlas Executive Consulting, LLC, a digital consulting firm providing analytics, data science, and program support services to the national security sector.  The investment was made from Farragut’s current investment vehicle, Farragut SBIC Fund II, LP.

Farragut provided subordinated debt and equity to support the majority recapitalization of Atlas alongside Ignite Labs, LLC and existing management.  A line of credit was provided by LiveOak Bank.  Atlas will be the first investment of a newly created platform company, Ignite Digital Services.  Ignite Labs’ principal, Marc Murphy, is the CEO of the Ignite Digital Services platform.  Mr. Murphy brings a wealth of experience to the role, including from his time as CEO of SPARC, a software development firm primarily serving the national security sector (acquired by Booz-Allen Hamilton), and at Deloitte Consulting, where he was a partner managing technology and strategy consulting projects for federal and commercial customers.

In November 2021, Atlas was named the sole, prime recipient of the Naval Information and Warfare System Command’s Management and Business Analytic Service contract, now in its second iteration with the company and significantly upsized compared to the first.

Rob Hagerty, Principal of Farragut, said of the transaction, “We are excited to partner with Marc and the team at Atlas on this investment.  We believe the company is well-positioned to execute on the business in front of it and to leverage capacity to pursue additional markets.”

Marc Murphy commented, “This is one of the most exciting sectors for new growth, and Atlas is well positioned to accelerate our platform.  They have a track record for driving value back to the customer base that has resulted in solid year-over-year growth.  Farragut is an incredible partner for this journey and has supported the Ignite vision and strategy.   We are excited about this investment and the potential to expand together as a market leader.”