GTEC (NASDAQ: GTEC) reached an agreement to be acquired via cash tender offer by an affiliate of Ares Management, in a deal totaling approximately $315 million.
“We are extremely excited about what this new relationship will bring to our customers and employees, and the return this represents for our shareholders, ” GTEC CEO John Hillen said. “Ares Management will partner with GTEC’s management team to help support our growth as the leading mid-sized national security company. Our customers have come to rely on our extensive mission expertise, differentiated technology, engineering solutions and responsiveness as an agile prime contractor. We will continue to build and deliver exceptional solutions in cybersecurity, information architecture, network and systems engineering, intelligence analysis and force mobility and modernization to support the most pressing needs of our national security customers.”