GTEC acquires SGS for $52.5 million

  •  | 
Print this page

Global Defense Technology & Systems Inc. (GTEC) entered into a definitive agreement with Signature Consultants LLC to acquire its subsidiary, Signature Government Solutions LLC (SGS), for $52.5 million in cash.

SGS, headquartered in Herndon, was founded in 2003. The company employs 220 workers in Northern Virginia and the Fort Meade, Md., area. SGS expects to generate $37 million in revenue in 2010.

The deal is expected to be immediately added to GTEC’s diluted earnings per share and to close in the fourth quarter of 2010.

Reader Comments

comments powered by Disqus

showhide shortcuts