DynCorp International LLC, a wholly-owned subsidiary of DynCorp International Inc. (NYSE:DCP – News), agreed to purchase a 100% share of Phoenix Consulting Group, Inc. stock.Â The purchase will expand DynCorp International’s service offerings to the intelligence and national security communities.
Phoenix is a private company headquartered in Alexandria, Virginia, with additional offices in Arizona, that provides training courses and materials as well as management consulting and augmentation services to America’s intelligence community. Terms of the transaction were not disclosed. The company employs about 400 full-time and part-time professionals, most of whom possess security clearances, many at the Top Secret level.Â Phoenix will operate as a wholly-owned subsidiary and be consolidated as a business unit within the Global Stabilization and Development Solutions division (GSDS).
DynCorp CEO Bill Ballhaus said of the purchase, “This acquisition is consistent with our goal of accelerating growth, expanding service offerings and penetrating new segments, ” said DynCorp International.Â Â Phoenix’s talent complements DynCorp International’s business and extends our ability to deliver compelling services to the intelligence community and national security clients. This acquisition will continue to strengthen DynCorp International as a leading provider of specialized mission-critical services to civilian and military government agencies worldwide.”
John A. Nolan, III, CEO of Phoenix, commented “We are extremely pleased and look forward to joining DynCorp International. This combination will provide us opportunities for expansion of our training and services to meet the changing and challenging conditions our Nation faces in the coming years. DynCorp International and Phoenix share a common commitment to serve willingly, perform relentlessly, and act ethically.”