Halifax and management provided the equity financing for the transaction. Following the investment, XL Founder and President Lloyd Mustin, II will continue to serve as President and CEO of the company.
Founded in 1989, XL provides Founded in 1989, XL is a government services provider focused on mission-critical global initiatives across a diverse range of federal agencies. Its core service offerings include acquisition life cycle support (ALCS), grants management (GM), and specialized program management (“SPM”).
The first two divisions (ALCS and GM) assist federal government agencies in procuring goods and services by managing the planning, execution, and administration of the contracting and grants processes.
The third one (SPM) provides support in global stabilization operations and mission support planning through worldwide deployment on some of the country’s most important foreign policy and international humanitarian initiatives.