GTEC Wraps Up Signature Government Solutions Purchase

GTEC (NASDAQ: GTEC) has finalized its planned $52.5 million purchase of Signature Government Solutions, LLC (SGS).

According to the firm, “GTEC funded the acquisition with its $100 million revolving credit facility. The deal is expected to be immediately accretive to GTEC’s diluted earnings per share.”

“We welcome SGS to the GTEC family as they bring a new depth to GTEC’s capabilities and customer footprint within the U.S. Intelligence Community, ” GTEC CEO John Hillen said. “SGS’s core competencies and past performance in information systems architecture, cybersecurity and network engineering reinforce our ambition to be the leading mid-sized defense technology company that delivers comprehensive, mission-critical solutions to support the most pressing needs of our national security clients.”

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