THE ASHCROFT GROUP AND COMMUNICATIONS EQUITY ASSOCIATES
ANNOUNCE ALLIANCE
Washington, DC and Tampa,
FL - November 5, 2007.
The Ashcroft Group (TAG), led by former Attorney General John Ashcroft,
and Communications Equity Associates (CEA), led by J. Patrick (Rick)
Michaels, Jr., announced today that they have formed a strategic
alliance (AshcroftCEA) to provide strategic consulting and investment
and merchant banking services to middle market and growth companies in
the global security arena, including port security, surveillance,
communications, risk management, data and intellectual property,
biometrics, logistics, software and information technology.
With this alliance, TAG and CEA will collaborate on
investment opportunities and business development. This collaboration
will bring together seasoned investment banking professionals and
knowledge of the global security marketplace.
"Our government's primary responsibility is to secure
life and liberty," said former AG John Ashcroft. "This would be impossible
without the innovation and assistance of companies dedicated to developing
and providing the latest cutting-edge technology and services in the
global security space. This unique alliance will provide an opportunity to
identify, encourage, promote, advise and provide growth capital to
companies dedicated to global security - endeavors that will further
enhance the liberty and security we all enjoy."
In the past two years, TAG played a critical role in over $43 billion
in transaction value related to acquisitions, strategic investments,
and anti-trust issues. CEA has completed over 900 transactions in 60
countries, totaling over $40 billion in transaction value.
"Along with former Attorney General Ashcroft, CEA
recognizes the importance and priority of our global security efforts and
the value that the private sector can bring to bear," said Rick Michaels,
CEA Chairman and Chief Executive Officer. "This alliance will not only
focus on an industry that shows incredible growth, but it will also have
the opportunity to advance technology and services that we need for our
safety and protection."
The Ashcroft Group is a Washington, DC
based firm led by former Attorney General John Ashcroft, specializing in
strategic consulting for corporations worldwide in homeland security,
corporate governance, litigation strategy, and data security. For more
information about The Ashcroft Group, visit www.ashcroftgroupllc.com.
Communications Equity Associates is a leading provider of
investment banking services and private equity for the global media and
entertainment, communications and information technology industries. CEA
and its affiliates also manage, co-manage or participate in a worldwide
family of private equity funds with committed capital of approximately
$1.15 billion for private equity investments in the industries CEA serves.
CEA Media Group, LLC is a member of the NASD and SIPC. For more
information about Communications Equity Associates and its services, visit
www.ceaworldwide.com.
To learn more about AshcroftCEA visit us at www.ashcroftcea.com.
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