Professional, technology and management services provider Serco Inc. has entered into a definitive agreement to acquire Whitney, Bradley & Brown Inc. from an affiliate of H.I.G. Capital for $295 million.
The acquisition, subject to certain regulatory approvals, is expected to close in the second quarter of 2021. It would strengthen Serco’s position providing acquisition and program management services to the Defense Department.
WBB has around 1,000 employees, including more than 200 subject matter experts with experience in their respective technical disciplines.
“Serco has enjoyed a relationship with WBB for many years working side by side on numerous defense programs,” said Serco Chairman and CEO Dave Dacquino. “We have been consistently impressed with the expertise and passion of this team.”
Dacquino said the acquisition aligns with Serco’s strategy to expand its scope of services with the Air Force, Missile Defense Agency, Office of the Secretary of Defense and other key accounts.
“We are excited about the prospect of joining Serco and taking advantage of their larger platform to sustain the tradition of high-quality products, collaboration, and growth that WBB has become known for since our founding in 1981,” said WBB CEO Robert Olsen, who will serve as senior vice president of the new Serco business unit.