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Novume to Purchase NeoSystems Via Cash-and-Stock Deal

Novume Solutions has agreed to acquire back office management company NeoSystems for an undisclosed sum through a cash-and-stock transaction.

Chantilly, Virginia-based Novume said Monday it expects to wrap up the acquisition in the first quarter of 2018, pending customary closing conditions.

The transaction covers the assumption of some liabilities of NeoSystems and comes as Novume works to expand its portfolio of end-to-end platforms and services designed to help clients manage their workflows.

Novume is a publicly traded holding firm of professional services companies and offers logistics support to facilitate human resources acquisition and talent deployment efforts.

Tysons Corner, Virginia-based NeoSystems provides back office support, professional services and technology tools to at least 700 government contractors, commercial businesses, nonprofit organizations and trade groups.

NeoSystems also provides support services to software companies such as Deltek, IBM (NYSE: IBM) and Ultimate Software (Nasdaq: ULTI) through partnerships.

The Benchmark Co. acts as Novume’s financial adviser in the transaction.

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