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GTEC acquires SGS for $52.5 million

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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.


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