The SI Organization, a private defense contractor, late last month closed its acquisition of QinetiQ North America Services and Solutions Group (QNA/SSG) from QinetiQ U.S. Holdings, Inc, a move which scales the company’s presence to adjacent markets to include the Defense Department, the Homeland Security Department and the National Aeronautics and Space Administration (NASA), among others.
QNA/SSG offers high-end systems engineering and integration services and software solutions anticipated to also provide the Chantilly, Va.-headquartered company with “opportunities to leverage research and intellectual property to increase innovation,” the company wrote in a press statement.
The transaction signals the formation of a $1.3 billion company, and the start of what some anticipate will be a season of consolidations.
“This transaction provides The SI Organization, Inc. with the scale and differentiated service offerings necessary to compete and grow in this market,” said Larry Davis, a partner at Aronson Capital Partners. “We anticipate that this consolidation trend will continue.”