Serco. Inc. to acquire Reston contractor for $295M
Herndon tech company to buy Whitney, Bradley & Brown
Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) announced Tuesday it will acquire Reston-based H.I.G. Capital affiliate Whitney, Bradley & Brown for $295 million.
The acquisition, which is expected to close during the second quarter of 2021,will increase Serco’s program management services for the Department of Defense, according to a company statement.
“This acquisition aligns with our strategy to expand our scope of services with the Air Force, Army, Missile Defense Agency, Office of the Secretary of Defense and other key accounts,” Serco Chairman and CEO Dave Dacquino said in a statement. “WBB brings a physical presence and established customer relationships at strategic locations that fit Serco’s service offering.”
Serco Group plc was founded more than 50 years ago and currently employs more than 40,000 people in 35 countries, 8,000 of whom are employed in the U.S. The company works primarily with federal and local government customers. WBB employs approximately 1,000 people and provides consulting services such as program management, mission performance, advanced analytics and machine learning. The company reported approximately $212 million in 2020 revenue.
“This combination allows us to broaden the solutions we can offer to our existing clients and compete for new sizeable opportunities with a compelling integrated offering,” WBB CEO Robert Olsen said in a statement.