Cherokee Federal, the federal contracting division of Cherokee Nation Businesses (CNB), has launched a new growth capital firm called Sovereign Capital. As its initial investment, Sovereign Capital has acquired a majority stake in Advanced Technology Applications (ATA), a data solutions company based in Virginia. ATA has a proven track record of delivering technical solutions for federal and commercial customers across various sectors such as aviation, space, defense, and enterprise modernization. This acquisition aligns with Sovereign Capital’s strategy to invest in founder-led companies at crucial inflection points, leveraging extensive experience in federal contracts, and proven strategies for rapid growth. The new partnership aims to provide ATA with an extended range of contracting solutions and foster significant growth. This investment underscores Cherokee Federal’s commitment to driving innovation and growth through strategic M&A activity.
Federal Contracting, Growth Capital Investment, Data Solutions,United States, Virginia
https://www.globenewswire.com/news-release/2024/09/03/2940037/0/en/Cherokee-Federal-s-Growth-Capital-Division-Acquires-Majority-Stake-in-ATA-LLC.html