Jim Garrettson
It’s been less than a year since Six3 Systems, a company focused on acquiring government services providers with a focus on national security, got off the ground. But the company already has its second acquisition in the works.
In partnership with the private equity firm GTCR, Six3 Systems has just announced a definitive agreement to acquire BIT Systems, Inc., an intelligence, surveillance, and reconnaissance (ISR) company. Backed by 300 employees, BITS provides advanced solutions to intelligence community partners.
For Bob Coleman, Six3 Systems’s CEO whom we called one of 20 People to Watch this year, the acquisition meets a key goal: to build a leading national security services provider with highly specialized capabilities.
“We believe that BIT Systems and their innovative solutions represent the future of ISR systems development, systems engineering, and analysis,” says Coleman. “Combining BITS with our existing identity intelligence and counterintelligence competencies will create a highly strategic asset with strong capabilities in advanced data processing and analysis,” he adds.
With the BITS acquisition, Six3 Systems is expected to generate approximately $200 million of annual revenue.
