Dave Dacquino, Serco
A provider of professional, technology and management services, Serco Inc. announced it has closed the acquisition of Whitney, Bradley & Brown, Inc. from an affiliate of H.I.G. Capital. The final purchase amount was $295 million.
The acquisition strengthens Serco’s platform providing acquisition and program management services to a range of Defense Department clients. It bolsters Serco’s bench strength with approximately 1,000 new team members, including more than 200 subject matter experts.
These experts will add to Serco’s existing capabilities in areas such as artificial intelligence, machine learning, data analytics and cyber consulting.
The acquisition is expected to contribute approximately $230 million in incremental revenues in 2021, Serco said. WBB had a position on 35 different IDIQ/GWAC contract vehicles with a combined ceiling value of over $70 billion, the vast majority of which are expected to now be available to Serco.
“We are happy to welcome the team from WBB aboard and incredibly excited about the scope of what we can now offer to clients across the Air Force, U.S. Space Force, Army, Navy, Marines, Department of Homeland Security and other strategic accounts,” said Serco Chairman and CEO Dave Dacquino.
“Just as the naval system’s business of Alion joined Serco in 2019 to transform our relationship with the Navy, the expertise of this team makes us a highly credible provider of data-driven technology solutions across the full lifecycle,” he added.
