QuantiTech, a portfolio company of Sagewind Capital, has merged with Millennium Engineering and Integration Company (MEI) to provide engineering services and offerings for mission critical programs within defense and civilian agencies, QuantiTech reported on Wednesday. Financial terms of the transaction were not disclosed.
“As part of our growth plan, QuantiTech has been looking for a partner with shared values and a similar company culture that allows us to increase the scale and depth of service offerings we provide to our customers and the market,“ said Darryl Wortman, president and CEO of QuantiTech. “We are excited about joining forces with MEI and building upon our enhanced culture of innovation to drive dynamic solutions to our customers' complex challenges.“
QuantiTech and MEI have both developed systems engineering and integration capabilities across multiple markets, such as space, counter unmanned aircraft systems, hypersonics, defense, cyber, intelligence, aviation and missile defense. The companies have delivered solutions to both the government and industry, which has enabled its partners to solve engineering challenges across defense and civilian programs.
Under the agreement, Patrick Murphy, who served as president and CEO of MEI, will be the president and CEO of the combined company. Murphy has more than two decades of government contracting leadership experience.
“Together QuantiTech and MEI will have the agility and responsiveness at scale to rapidly adapt to the changing needs of our customers' missions and the marketplace,“ said Murphy. “With over 2,000 employees across more than 20 locations in the US, our capacity and ability to support our current and future US Government and commercial clients is greater than ever.“
Randy Cash, who was the executive chairman of QuantiTech, will assume the same role, serving as the executive chairman of the combined company's board of directors.
“We are extremely excited to combine MEI and QuantiTech,“ said Cash. “This combination brings together two companies with an extraordinary depth of talent and expertise in high-end engineering. By strengthening our capabilities in the missile defense, space, and intel markets, we will be even better positioned to continue serving the important missions of the U.S. Government.“