MCLEAN, Va., Oct. 7, 2025 /PRNewswire/ -- Xcelerate Solutions ("Xcelerate"), a leading defense and national security company and portfolio company of McNally Capital, today announced it has acquired clearAvenue. Based in Columbia, Maryland, clearAvenue provides software development & maintenance, business intelligence and analysis, AI/ML, big data analytics and  infrastructure, and cloud services support across federal agencies. The combined company will go to market as Xcelerate Solutions, offering a comprehensive, mission-first portfolio of secure solutions to the federal government.   

"This acquisition marks a significant step forward in our technical capabilities," said Mark Drever, CEO of Xcelerate. "We've always had a solid foundation in digital transformation, but clearAvenue lets us take it to the next level. clearAvenue is one of the few companies with demonstrated past performance qualifications in AI and machine learning."  

The combined company boasts a proven team of ~1,500 technology professionals capable of delivering a broad spectrum of digital solutions, cybersecurity, enterprise vetting, and critical infrastructure protection services focused on mission-first delivery. The depth and versatility of Xcelerate's expanded capabilities and contracts present opportunities for diversification and growth across its defense, law enforcement, national security, civilian agencies, and throughout the federal government.   

"From day one, our goal was to create technology solutions that make a real difference," said Dr. Srinivas Kankanahalli, CTO and V.P. of Engineering, "Partnering with Xcelerate allows us to scale that mission in ways we never imagined. We're energized by the alignment and look forward to this new chapter." 

Xcelerate plans to capitalize on the combined strengths of both companies, foster a mission-first culture, align leadership, and crystallize its go-to-market portfolio to best serve federal clients in the coming months.  

"We're thrilled to welcome clearAvenue to Xcelerate and the McNally Capital portfolio. clearAvenue's strong reputation for technical excellence and exceptional delivery aligns perfectly with Xcelerate's mission, creating a powerful platform to further scale," said Michael Ember, Principal, McNally Capital. "We look forward to supporting Xcelerate in this new phase of strategic growth." 

This marks the third acquisition completed by Xcelerate Solutions since McNally Capital's investment in the company, following the acquisitions of VMD (2024) and General Dynamics Information Technology's Background Investigation Assets (2024).

About Xcelerate Solutions  

Xcelerate Solutions is a leading defense and national security company, providing integrated solutions in enterprise vetting and analysis, critical infrastructure protection, cybersecurity, and digital solutions. Xcelerate enhances the security and resilience of America's personnel as well as physical and cyber infrastructure. The company is a trusted partner to Federal Law Enforcement, the Department of War, and Intelligence Community agencies that are responsible for the security and safety of the United States. For more information, please visit www.xceleratesolutions.com.  

About clearAvenue  

clearAvenue has over 20 years of experience providing a wide range of solution development, business intelligence and analysis, AI/ML, big data analytics and infrastructure, and cloud services support to the Federal government.  

For more information, please visit clearAvenue.com  

About McNally Capital 

McNally Capital is a private equity firm based in Chicago, Illinois. The Firm is currently investing out of its committed buyout fund, McNally Capital Fund III, LP. The Firm pursues thesis-driven buyout investments in the lower middle market across two primary industries: Aerospace & Defense and Industrial Technology & Services. McNally Capital targets founder-, family-, and management-led businesses and is dedicated to navigating transformation and growth for its portfolio companies. The Firm seeks to apply its hands-on experience, institutional capabilities, and proprietary value creation framework to its portfolio companies to benefit management teams in their next phase of growth and build value for McNally Capital's investors. For more information, please visit www.mcnallycapital.com. 

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SOURCE Xcelerate Solutions