Global Defense Technology & Systems (GTEC) will purchased Signature Government Solutions from its parent company Signature Consultants, L.L.C. for $52.5 million in cash, the company has announced.
SGS specializes in mission-critical systems and cybersecurity for the intelligence industry. It is expected to generate $37 million of revenue this year.
GTEC President and CEO John Hillen said: “The addition of SGS into GTEC's portfolio immediately adds new depth to our capabilities and customer footprint within the U.S. Intelligence Community, especially when combined with the cyber and intelligence expertise brought to us with our acquisition of Zytel Corporation last month. SGS's core competencies and past performance in information systems architecture, cybersecurity and network engineering reinforce our ambition to be the leading mid-sized defense technology company that delivers comprehensive, mission-critical solutions to support the most pressing needs of our national security clients.“
The purchase is expected to be final by the end of the year.