Providence Equity Partners Acquires SRA International, Inc.

Providence Equity Partners has completed its acquisition of SRA International, Inc., a leading provider of technology and strategic consulting services to the federal government. SRA International is now a privately held company, with each shareholder holding $31.25 per share.

SRA shareholders at its July 15 meeting approved this transaction. At the completion of the transaction, SRA common stock will be delisted from the New York Stock Exchange.

SRA will remain headquartered in Fairfax, Va., and maintain its offices around the world. Dr. Ernst Volgenau, SRA Founder and Chairman, will continue to serve as Chairman of the SRA Board.

Dr. Ernst Volgenau, SRA Founder and Chairman, said, “We believe that Providence Equity will be an excellent partner. Their values and culture are consistent with our longstanding ethic of honesty and service. SRA has a bright future.”

 

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