We are a forever company
Koniag Capital Market Update / Spring 2026
Building a $300M technology services portfolio with patient capital and purpose
$.5B
In Investment Capital to Deploy
50+
Years of Patient Capital
4,600+
Alaska Native Shareholders
Building with purpose starts with relationships that last. We believe real collaboration happens when trust is built through transparent communication. That’s why we openly published our Spring 2026 Market Update.
This report is for three audiences who matter most:
01
Our Koniag Shareholders & Descendants
We are multigenerational long-term investors, not private equity. We are part of the Koniag family, an Alaska Native Corporation rooted in the Alutiiq culture of Kodiak Island.
We are multigenerational long-term investors, not private equity. We are part of the Koniag family, an Alaska Native Corporation rooted in the Alutiiq culture of Kodiak Island.
02
Our Portfolio Companies and Extended Koniag Family
This provides a clear and unfiltered view of our existing companies regarding how we intend to grow, including the cross-sell vision we’ll execute together for decades to come.
This provides a clear and unfiltered view of our existing companies regarding how we intend to grow, including the cross-sell vision we’ll execute together for decades to come.
03
Growth Companies in Technology Services
If you’re seeking a true long-term partner, we want you to see exactly how we operate, where we are focused, and how we will grow.
If you’re seeking a true long-term partner, we want you to see exactly how we operate, where we are focused, and how we will grow.
A milestone moment for Koniag Cyber Solutions
We’ve integrated the commercial Cybersecurity Maturity Model Certification (CMMC) advisory practice of SoundWay Consulting, adding elite Certified Third-Party Assessment Organization (C3PAO) capabilities and CMMC services. Koniag Cyber Solutions (Koniag Cyber) is now organized across three practice areas, led by experienced technical leadership:
Threat Detection & Response (Jerrod Barton, VP)
24/7/365 SOC operations
MDR services
SIEM/XDR management
Incident response
Assessment & Compliance (Carter Schoenberg, VP)
CMMC C3PAO assessments
ISA/IEC 62443 compliance Cybersecurity program design
DIB contractor advisory
OT & ICS Security (Anthony Mondelli, Dir.)
SCADA/PLC/ICS security
OT/IT convergence advisory
Industrial control system assessments
Energy & manufacturing focus
The SoundWay acquisition positions Koniag Cyber at the intersection of two unstoppable forces: the CMMC compliance wave across the Defense Industrial Base, and the escalating OT security imperative across commercial manufacturing.
Allen Debes, CEO
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Where we’re focused next: Four mandates of growth
We are pursuing disciplined acquisitions in four high-conviction areas, each chosen for strong market tailwinds and portfolio synergy:
Cybersecurity
Building a scaled, managed cybersecurity platform within Koniag Cyber focused on two priority acquisition categories: Full-service SOC operators and Operational Tech / Industrial Control Systems (OT/ICS) cybersecurity firms.
Microsoft Dynamics 365 ERP Practice
Actively acquiring a Microsoft Dynamics 365 partner to add to portfolio company Vervint's existing Infor ERP practice. This is the fastest-growing ERP platform in the mid-market with powerful cross-sell potential.
Operational Technology & Industrial Automation Services
Building a scalable commercial OT and Industrial Automation Services platform through a bolt-on roll-up model, in coordination with Koniag Energy & Water and Koniag Cyber Solutions.
Data, Analytics, & AI Services
We are pursuing tuck-in acquisitions to portfolio company Vervint to accelerate Microsoft Fabric, Databricks, and enterprise AI that turn data into decisions and power our Human AI Partnership (HAIP) differentiation.
For additional target profile details:
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Five reasons we’re different
Discover what sets Koniag Capital apart.
01
Patient Capital, Long-Term Lens
Owned by Koniag, Inc., an Alaska Native Corporation with 50+ years of patient capital. No fund lifecycles or forced exits. This foundationally shapes our thinking, resilience, and steady growth.
Owned by Koniag, Inc., an Alaska Native Corporation with 50+ years of patient capital. No fund lifecycles or forced exits. This foundationally shapes our thinking, resilience, and steady growth.
02
Real Cross-Sell Value
Acquisitions gain immediate access to coordinated opportunities across cybersecurity, ERP, OT services, and AI. Cross-sell woven at an operational level.
Acquisitions gain immediate access to coordinated opportunities across cybersecurity, ERP, OT services, and AI. Cross-sell woven at an operational level.
03
Operators, Not Extractors
We utilize the Entrepreneurial Operating System (EOS) for discipline while preserving entrepreneurial energy. Shared services (finance, HR, legal, recruiting, marketing) let market leaders focus on growth.
We utilize the Entrepreneurial Operating System (EOS) for discipline while preserving entrepreneurial energy. Shared services (finance, HR, legal, recruiting, marketing) let market leaders focus on growth.
04
Mission-Driven Capital with Commercial Discipline
Rigorous 10%+ EBITDA targets and disciplined deal structures. A portion of every dollar ultimately benefits our ~4,600 Alutiiq shareholders through benefits like scholarships, Elder support, and dividends.
Rigorous 10%+ EBITDA targets and disciplined deal structures. A portion of every dollar ultimately benefits our ~4,600 Alutiiq shareholders through benefits like scholarships, Elder support, and dividends.
05
Proven Acquisition Track Record
An active pipeline, proprietary sourcing, repeatable diligence, combined with a sound integration playbook. Practical, purposeful acquisition and integration execution, we take pride in and continuously improve.
An active pipeline, proprietary sourcing, repeatable diligence, combined with a sound integration playbook. Practical, purposeful acquisition and integration execution, we take pride in and continuously improve.
Every dollar of value we create flows back to a mission: providing meaningful and lasting benefits to over 4,600 Alaska Native Shareholders.
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