SOS International has purchased Reston, Virginia-based government information technology services contractor STG for an undisclosed sum in a move to broaden its contract and client base and expand its portfolio with the addition of cybersecurity, data analytics and software development capabilities in support of defense, diplomatic and intelligence agencies.
SOSi CEO Julian Setian said in a statement published Wednesday the company and STG have been delivering services to the national security community for three decades and both firms have complementary clients, competencies and missions.
âOur goal is to be the leading middle-market company in the federal technology services sector, differentiated by our private ownership structure and mission focus,â Setian added.
Phil Lacombe, STG president and CEO, said the company supports national security and government missions and its team of professionals will continue to back those missions in collaboration with SOSi employees.
The transaction came seven months after SOSi acquired data analytics and cyber platforms providerÂ Defense Group Inc.Â and two years after it acquired defense and intelligence community contractorÂ New World Solutions.
Cowen (Nasdaq: COWN) and Holland & KnightÂ respectively served as SOSiâs financial adviser and legal counsel in the deal.
Raymond James & Associates acted as STGâs financial adviser, while Pillsbury Winthrop Shaw Pittman LLP served as the firmâs legal adviser in the transaction.
SOSi is a family-owned company that provides technology, intelligence and project management platforms and services to government and private sectors.