Steven Roth

Steven D. Roth is Director - Business Development at CM Equity Partners, where he joined in 2009. CM Equity Partners says it provides capital to companies in federal solutions, aerospace, and defense, and has invested in those sectors since 1995.

Before CM Equity Partners, Roth was CEO and co-founder of Onyx Government Services, a provider of technical consulting and information technology services to the federal government. Earlier, he was President of Kratos Defense & Security Solutions, where CM Equity says he started a division and grew revenue to more than $100 million.

Roth’s operating background centers on government systems integrators, including corporate management, mergers and acquisitions, operations, and business development. CM Equity also lists prior technology management roles at Sun Microsystems, Silicon Graphics, Octel Communications, and 3Com.

He graduated from the University of Maryland’s Robert H. Smith School of Business. He is a member of the Northern Virginia Technology Council and AFCEA, and serves on the Board of Directors of the Dingman Center at the University of Maryland’s Smith School of Business.

• CM Equity Partners focuses on “Federal Solutions, Aerospace, And Defense Industries,” according to the firm’s site.
• The firm provides growth capital, funds management buyouts, and supports recapitalizations in federal solutions, aerospace, and defense.
• Target companies generally have $40 million - $250 million in revenue and $5 million - $25+ million in EBITDA.
• CM Equity’s typical investment size is $10 million - $50 million, with transaction values of $35 million - $150 million.
• The firm can invest as a majority or minority investor and across equity, structured equity, and mezzanine debt.
• The firm looks for management partnerships, revenue growth opportunities, operational improvements, business development leverage, and add-on acquisitions.
• Roth’s individual value-add appears to be government-contracting business development and growth strategy, based on his prior roles at Onyx Government Services, Kratos, and other technology/government-services businesses.