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Stellus Capital Management, LLC Provides Unitranche Financing in Support of EverWatch’s Acquisition of BrainTrust

Sep 14, 2020

Houston – TX, September 14, 2020 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment to support the acquisition of BrainTrust by EverWatch Corporation (“EverWatch” or the “Company”), a portfolio company of Enlightenment Capital (“Enlightenment”).

BrainTrust, headquartered in Annapolis Junction, Maryland, provides software engineering, machine learning, systems engineering, cybersecurity, and other services to the U.S. intelligence and defense communities and will be merged into EverWatch. EverWatch, based in Reston, Virginia, provides intelligence, defense, and deployed mission support to critical national security agencies. EverWatch was formed in 2018 after merging IEA Corp. and ACES Inc. with two other unnamed companies. The acquisition of BrainTrust represents EverWatch’s largest acquisition to-date and will expand the Company’s technical capabilities and ability to compete within the national security sector with over 500 employees.

Devin Talbott, Managing Partner for Enlightenment, said, “BrainTrust brings a devoted team, a culture of innovation, and a complementary set of capabilities, all of which enhance EverWatch’s ability to solve some of the nation’s most challenging security problems.”

Colin Baker, Managing Director at Stellus, added, “We appreciate the opportunity to partner with Enlightenment again and support its investment in the EverWatch platform. We believe the BrainTrust acquisition will bolster the Company’s standing within the intelligence community and position it well for continued growth.”

For inquiries related to this Press Release, please contact:
Colin Baker
(713) 292-5411