Alexandria’s SPA acquires aerospace co.
PRKK's clients include U.S. Space Force
Alexandria-based Systems Planning & Analysis, a portfolio company of investment firm Arlington Capital Partners, has acquired Florida aerospace engineering company PRKK.
Terms of the deal, which was announced Wednesday, were not disclosed. Founded in 2006 with primary work locations in Virginia and Colorado, PRKK has about 125 employees who will become part of SPA’s space and intelligence division. PRKK’s clients include the Office of the Secretary of Defense’s Strategic Capabilities Office, the U.S. Space Force and intelligence community customers.
The acquisition expands SPA’s abilities in the space and intelligence sectors.
“PRKK is well known for providing rapid warfighter solutions and concepts, systems engineering, threat intelligence analysis, cyber concept development and tailored analytics,” SPA CEO Rich Sawchak said in a statement. “We couldn’t ask for a better fit, and we warmly welcome PRKK’s highly qualified and experienced subject matter experts into the SPA family.”
Founded in 1972, SPA provides strategic advising, systems engineering, modeling and simulation, advanced analytics, industrial policy and program management solutions to government and defense customers in the United States as well as to its allies. The company has about 1,700 employees globally, including about 800 in Virginia.
Arlington Capital Partners acquired SPA in 2021, combining it with another portfolio company, McLean-based government contractor MCR, forming a company with more than $350 million in revenue.