Advising Azure Summit Technology on its $1.28 billion sale to CACI International Inc. (CACI) last year was one of the most rewarding transactions in the career of Adam August, he said on this week’s Drinks With The Deal podcast, and one that’s typical of his practice.

Many of August’s clients are growth companies with a focus on the defense industry or the provision of other services to the federal government that are ultimately planning to sell.

“It’s very rewarding to represent a company that has grown and entrusts me with their baby in order to transition it to a buyer,” said August, a partner at Holland & Knight LLP in Tysons, Va., and the corporate, M&A and securities practice group leader for the Mid-Atlantic region.

The entrepreneurs who launch those ventures often return. “We sometimes refer to our sell-side clients affectionately as repeat offenders,” August said. “They sell a business, and when their noncompete expires, they start a new business, and they come back, and they ask us to form the company. Then they do an acquisition, then a financing, and then they get involved in litigation, and all the while, they trust their baby, their company, to us in guiding them because they saw us do it in the last transaction.”

Listen to the podcast with Adam August below:

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