Clarke leads latest IPO venture
ALEXANDRIA, Va.-- Richard Clarke is heading up a new company called Good Harbor Partners Acquisitions Corp., which plans to raise $51.7 million through an initial public offering and then use those funds to buy companies in the security market.
The firm is eyeing nine sectors, including cyber/Internet security, detection technologies, asset tracking, identity and access management, smart surveillance, bio/food safety, secure communications, security management and physical protection. It is a spinoff from Good Harbor Consulting, a firm founded in 2002.
Good Harbor Partners made its intentions known in an S-1 Form filed in September with the Securities & Exchange Commission. The company plans to issue 500,000 Series A Unit shares and 4.6 million Series B Unit shares.
According to its filing with the SEC, Good Harbor Parnters plans "to become a premier provider of security solutions and strategic partner for addressing domestic and international security concerns."
So far Good Harbor Partners has not identified a target business for acquisition, according to the filing, however the company is anything but a stranger to the security industry.
The start-up includes a roster of board of directors with prior experience in various sectors of this market, including Clarke. Board member Thomas Colatosti is the former president of Viisage Technologies and is the current chairman of Bio-Key International. Jack Mallon is the senior managing director at Mallon Associates, an investment bank that serves the global security industry. Brian Stafford is vice chairman of the board of directors of LexisNexis Special Services, a risk management company.
Other board members include Roger Cressey, president of Good Harbor Consulting, Ralph Sheridan, chief executive officer and managing partner of Value Management, a technology start-up assistance firm, John Tritak and Andrew Kopperl.
It was unclear in the S-1 filing with the SEC exactly when the IPO would be executed, but records show it should begin trading within three months of the filing.