Home / M&A Activity / Culmen Buys PlanetRisk’s Federal Services Business; Dan Berkon Comments

Culmen Buys PlanetRisk’s Federal Services Business; Dan Berkon Comments

Alexandria, Va.-based technical and management services contractor Culmen International has bought the federal services business of PlanetRisk for an undisclosed sum in a push to grow technology and expertise offerings in the federal market.

Culmen CEO Dan Berkon said in a statement released Friday the company aims to establish new customer relationships within the intelligence, homeland security and defense sectors.

PlanetRisk Federal Services, also called Analytic Strategies, offers support services to the departments of Defense, Homeland Security, State and Energy, as well as to the Defense Logistics Agency and National Geospatial-Intelligence Agency.

Law firm Pillsbury represented Culmen during the negotiations and Access National Bank financed the deal for Culmen.

Venable and Baird respectively served as PlanetRisk Federal Services’ legal representative and financial adviser on the transaction.

Check Also

HHS Seeks Proposals for $347M Follow-On Credential, Access Mgmt Support Contract

The Department of Health and Human Services has issued a solicitation for a potential five-year, …

General Dynamics Gets $125M Contract Modification for US, Foreign Military Bomb Components

A General Dynamics (NYSE: GD) business unit has received a $125M contract modification from the …