Home / M&A Activity / System One Buys Federal IT Services Contractor TPGS; Troy Gregory, Billy Hinson Quoted

System One Buys Federal IT Services Contractor TPGS; Troy Gregory, Billy Hinson Quoted

Troy Gregory

Pittsburgh, Pa.-based workforce services provider System One has acquired Reston, Va.-based intelligence services contractor TPGS for an undisclosed amount as part of efforts to expand its information technology offerings for federal civilian and defense clients.

“The expertise and reputation of TPGS aligns with System One’s strategy of providing mission critical services, broadens our reach in the federal market and creates opportunity for our continued growth,” said Troy Gregory, president and CEO of System One, said in a statement published Thursday.

TPGS will retain its brand and run as part of professional services firm GAP Solutions, which System One purchased in December 2017.

TPGS provides IT consulting, software engineering, cybersecurity, training and instructional design, management support and business intelligence platforms for the federal sector.

“The union with GAP Solutions provides a platform of federal prime contract vehicles with the national reach needed to broaden our customer base and exceed our current growth targets,” Billy Hinson, a vice president at TPGS.

Clark Hill acted as legal adviser to System One and The McQuillan Group offered financial due diligence assistance in the transaction.

Check Also

Leidos Awarded $73M Navy IDIQ to Develop Acoustic Surveillance Tech

Leidos (NYSE: LDOS) has been awarded a three-year, $72.8M contract to help the U.S. Navy build a wide area surveillance technology to support antisubmarine warfare missions. The company will develop the Transformational Reliable Acoustic Path System for the Navy's Maritime Surveillance Systems Program Office, the Department of Defense said Friday.

Oshkosh Gets Green Light for Army JLTV Full-Rate Production

Oshkosh (NYSE: OSK) obtained approval Thursday to begin the full-rate production of Joint Light Tactical Vehicles, nearly four years after the company won a $6.7B contract to build the new armored vehicle platform for the U.S. Army and Marine Corps.