Peraton to Buy Solers in National Security Space Tech Portfolio Push; Stu Shea Quoted

Jeff Brody
Stu Shea

Peraton has agreed to acquire Arlington, Va.-based information technology and satellite ground systems provider Solers for an undisclosed sum to further build up its capability to deliver space protection and resiliency platforms in support of national security programs.

Stu Shea, chairman, president and CEO of Peraton, said in a statement published Monday the transaction marks a step in the implementation of Peraton’s growth strategy and serves as a force multiplier for the company and its clients.

“By bringing together some of the most proven and innovative space protection and ground operations technologies in the industry, we will be able to significantly enhance our ability to execute on our customers' critical missions," added Shea, a 2019 Wash100 winner.

Established in 1998, Solers provides systems integration and engineering support, space protection and resiliency, cloud, satellite ground platforms, data and cyber engineering services for intelligence, defense and other federal agencies and commercial clients.

Macquarie Capital served as Peraton’s financial adviser in the transaction, while KippsDeSanto advised Solers on the deal’s financial aspect.

Peraton is a portfolio company of Veritas Capital and former government services business of Harris (NYSE: HRS).

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