Clairvest : NexTech Solutions Announces New Leadership Team and Strategic Investment

NexTech Solutions ("NexTech" or the "Company") is pleased to announce the appointment of a dynamic and accomplished new leadership team, along with a strategic investment from Clairvest Group that positions the Company for accelerated growth and innovation.

The new leadership team brings together a wealth of experience and expertise, poised to steer NexTech to new heights. Joseph Paull (JP) has been appointed as Chief Executive Officer, bringing a fresh perspective and strategic vision to the Company. Before joining NexTech, JP was the Co-Founder of MAG Aerospace ("MAG"), serving as Chief Operating Officer from its inception in 2009 until 2021. He was an integral part of the MAG leadership team during its partnership with Clairvest between 2013 and 2018, growing EBITDA from just under US$4 million to over US$35 million at exit.

Joining JP is Cody Sullivan as Chief Operations Officer, James Perkins as Chief Financial Officer, and Devon Blake as Chief Growth Officer. In addition, NexTech founders Biney Dhillon and Kris Nagy will continue leading NexTech in senior leadership positions. Biney assumes the role of EVP of Technology, Software, and Solutions, and Kris Nagy as EVP of Mission Support Services. Each member of the leadership team brings a unique set of skills and a shared commitment to driving NexTech's mission forward.

In conjunction with the new leadership team, the Clairvest investment provides NexTech with the resources needed to become a leading innovation-focused defense platform. The investment signifies a shared vision for NexTech's future and a commitment to delivering innovative solutions to its customers. Clairvest brings valuable experience in the government services space along with strategic relationships, which will be instrumental in supporting the NexTech team as it continues to grow. Clairvest's investment in NexTech follows its successful track record in other aerospace and defense platforms, such as Top Aces and MAG Aerospace.

"I am excited to lead this handpicked leadership team and partner again with Clairvest to build the Company into a strategically significant defense contractor. With great customer access, dedicated employees, and an infusion of both senior talent and capital, NexTech is perfectly positioned to scale for growth," said Joseph Paull, CEO of NexTech Solutions.

About NexTech Solutions

NexTech Solutions is focused on developing cutting-edge technology, products, and mission support solutions for the warfighter. We do this by procuring and integrating emerging technologies to support critical customer requirements. We create Edge superiority to activate mission-critical technology with our groundbreaking software Edge Activation Platform (EAP) - MANTLE. We provide outcome-based, mission-focused solutions to help our federal customers achieve their desired objectives in the areas of Advanced Technologies, Manned and Unmanned ISR, and OSINT/Data Collection.