Home / Financial Report / SRA Files to Go Public, Sets $100M Fundraising Target

SRA Files to Go Public, Sets $100M Fundraising Target

SRA InternationalThe holding company of Fairfax, Va.-based government services contractor SRA International has filed a registration statement with the Securities and Exchange Commission for an initial public offering, SRA said in its filing with the SEC posted Wednesday.

SRA Companies is the indirect parent of SRA International and the move to go public comes nearly four years after Providence Equity Partners purchased the contractor for close to $2 billion.

The contractor reported $1.39 billion in revenue for its 2014 fiscal year that ended June 30.

SRA did not announce a date for the IPO nor a stock price in its announcement of the move and the S-1 statement with the SEC pegs the company’s nominal fundraising target at $100 million.

Bank of America,  Citigroup and Merrill Lynch will manage the offering for SRA.

Check Also

Former KeyW Exec Steve Niezgoda to Join Cornerstone Defense as COO

Steve Niezgoda, formerly a senior vice president at KeyW, has been named chief operations officer of Cornerstone Defense in a move that takes effect on June 24.

Alion Gets $75M Task Order to Develop On-the-Move Satcom Tech for Army, Marine Corps

Alion Science and Technology has received a potential $75M task order to help the U.S. Army and Marine Corps develop on-the-move satellite communications technology for multiple weapons systems deployed at the Naval Information Warfare Center Pacific.