Serco Inc. has agreed to acquire BTP Systems, LLC for $20 million, expanding the company’s portfolio of satellite, radar and surveillance offerings and broadening its federal client base.
BTP Systems provides satellite communications, radar modernization, operations and maintenance, and sustainment services that allow customers to extend the lives of existing systems and achieve phased technology upgrades.
The company specializes in obsolescence engineering, systems engineering services, test equipment and design, and field engineering services. Its expertise spans several shipboard and submarine antenna systems.
The acquisition, subject to required approvals, is expected to close by the yearend, Serco said. BTP Systems will be acquired on cash-free, debt-free basis for $20 million.
“This acquisition will provide Serco with capabilities in the engineering, overhaul, repair, and sustainment of SATCOM and radar systems that expand our scope of solutions for existing customers and brings Serco to new customers including Hill Air Force Base, the Naval Undersea Warfare Center, and Naval Air Systems Command,” said Serco Chairman and CEO Dave Dacquino.
Merger Builds on Previous Successes
Many satellite communications SATCOM and radar systems both on ships and on shore require significant upgrades and maintenance to extend their useful lives, and BTP Systems’ expertise will help Serco meet growing U.S. government demand for sustainment, overhaul and testing services, Serco said.
BTP Systems President and Founder Bud Beaudry said the merger will benefit BTP Systems’ customers and employees, and build on the successes achieved during the company’s 14-year history.
“By joining with Serco, we will provide our clients even greater services, and will offer our employees additional opportunities for professional growth,” Beaudry said. “This is a great achievement for all involved as we join a company that has the scope, scale, and track record required for success, and a stellar reputation in the defense sector.”
BTP Systems is headquartered in Ludlow, Massachusetts, with operations or personnel in Norfolk, Virginia; Chesapeake, Virginia; Newport, Rhode Island; Reno, Nevada; San Diego, California; Charleston, South Carolina; Groton, Connecticut; and Mayport, Florida.