FOR IMMEDIATE RELEASE
September 5, 2023
NEMPHOS BRAUE REPRESENTS SEALING TECHNOLOGIES, INC. IN MULTMILLION-DOLLAR ACQUISITION BY PARSONS CORPORATION
Nemphos Braue Previously Represented SealingTech in Growth-Focused Acquisition
BALTIMORE, MD – With a relationship spanning multiple years and reinforced through buy-side and other transactions, intellectual property and general corporate counsel, and the optimization of a strategic growth plan, attorneys at Nemphos Braue LLC, represented Columbia, Md.-based cybersecurity company Sealing Technologies, Inc. (SealingTech) in its August 2023 acquisition by Parsons Corporation. A corporate boutique law firm with specialized experience in mergers and acquisitions and transactions of all types, Nemphos Braue attorneys including Managing Member George Nemphos worked closely with the leadership team at SealingTech through this and previous negotiations to positively impact the company’s strong growth trajectory and position it for a successful exit.
The sale of SealingTech further allows Centreville, Va.-based Parsons to expand its government contracting customer base across the Department of Defense and Intelligence Community and enhance its defensive cyber operations. The transaction is valued at up to $200 million.
“Rapidly scaling a technology firm is no small task and takes a great legal partner. I am proud of where we have been able to take SealingTech – thanks in large part to Nemphos Braue’s advisement, knowledge, and leadership,” said SealingTech CEO Edward Sealing. “In a deal of this magnitude, it was imperative to have a team experienced in navigating complex decisions and options, yet nimble enough to react and protect SealingTech’s interests.”
“We recognize how steadfast SealingTech has been in its mission to support the nation’s most pressing security challenges,” said George Nemphos, Managing Member at Nemphos Braue, “and it’s our privilege to work in partnership with Ed Sealing, Dan Zick, Brandon Whalen and the incredibly talented SealingTech team to provide legal counsel that clears a path to make that mission a success. Their organization’s capabilities and innovations will no doubt be a boost to Parsons.”
Nemphos Braue previously represented SealingTech in its acquisition of Quark Security in 2019, contract negotiations, intellectual property, and other general corporate counsel matters.
The announcement from Parsons and SealingTech is available here.
About Nemphos Braue LLC
Founded in 2016 by George Nemphos and Tim Braue, Nemphos Braue LLC is committed to driving legal and business value for clients by fostering true strategic partnerships. Combining big firm expertise with the flexibility and creativity of a boutique practice, Nemphos Braue attorneys are proven in all areas of corporate and business law, including venture capital, private equity and financing, intellectual property, general corporate counsel and mergers and acquisitions, representing clients in a wide variety of industries ranging from technology and food and beverage to healthcare and construction. Its subsidiary, Old Line Government Affairs, LLC, represents clients before executive and legislative branches of state and local government. www.nemphosbraue.com