HIG Acquires WBB to Expand Govt Market Footprint; Robert Olsen, Jeff Zanarini Comment

Private equity investment firm H.I.G. Capital has bought Reston, Virginia-based program management and consulting services provider Whitney, Bradley and Brown for an undisclosed sum.

WBB CEO Robert Olsen said in a statement published Tuesday the company aims to utilize H.I.G.’s resources in efforts to expand services for federal agency customers.

WBB offers services including program development and mission performance support to the Defense Department and other federal government agencies.

“We believe WBB’s existing services provide a strong foundation and are looking forward to working with the team to expand WBB’s capabilities through organic investments and complementary acquisitions,” added Jeff Zanarini, a managing director at H.I.G.

H.I.G. also recently acquired government information technology services provider NCI under a cash agreement worth $283 million.

You may also be interested in...

Lockheed Martin C-130J Super Hercules

Lockheed Secures $1.4B Air Force FMS Deal for Super Hercules Airlifter Sustainment Work

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $1.40B contract to maintain C-130J Super Hercules transport aircraft to fulfill foreign military sales requirements.

Pratt and Whitney F135 Engine

Pratt & Whitney Awarded $642M Navy Contract for F-35 Engine Logistics Support

Raytheon Technologies' (NYSE: RTX) Pratt & Whitney subsidiary has received a one-year, $642M contract from Naval Air Systems Command to perform F-35 propulsion system logistics work for U.S. and foreign military sales customers.