Australian engineering firm Varley Group said it has launched U.S. operations in Tysons Corner and seeks to acquire a U.S.-based engineering company in the aerospace or defense space with annual revenue of $20 million to $100 million and technologies that compliment its own.
“Varley plans to expand its already extensive footprint in the American defense & aerospace marketplace,” The Varley Group’s SVP of Acquisitions Earl “Chief” Smith II, PhD said.
The Varley Group has established a set of initial criteria for the ideal acquisition, which includes:
- Focus. An engineering firm in the aerospace and/or defense space that has technologies, intellectual property, skills, manufacturing and past performance in areas that complement those of the Varley Group.
- Management Team. A successful management team that has proven itself for at least five years and has been the primary driver in building the company. Interpersonal chemistry and the ability to work together are critical requirements.
- Products & Services. A range of products and services that are important enough in both the U.S. and Pacific Rim markets to justify Varley making an investment
- Customer Base. A range of customers and contract vehicles that compliment and extend those of the Varley Group
- Manufacturing. A management team and company that has substantial operational, manufacturing, fabrication and design capabilities
- Revenue. Between $20 million and $100 million annually with a history of growth
Related: Australian Engineering Company, The Varley Group, Creates U.S. Subsidiary
