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  • Thursday, April 18, 2024

Serco Completes $295M Acquisition of Management Consultancy WBB

Serco Group’s North American division has completed its acquisition of Reston, Virginia-based management consultancy Whitney, Bradley & Brown from global private equity firm H.I.G. Capital for $295 million.

Robert Olsen, chief executive of WBB, said in a statement published Monday the company, under Serco Inc., will continue to support the Department of Defense and other government clients and capitalize on future growth opportunities.

In mid-February, Serco Inc. announced that the purchase is intended to help the information technology service management company expand its acquisition and program management service offerings for its defense customers.

WBB delivers transformation, modernization and sustainment services in support of defense and intelligence platforms for national security. The company also provides DOD and federal agencies with advanced engineering, analytics and program management support.

Its assets will serve as the foundation of a new Serco business unit and Olsen will be appointed as the segment’s senior vice president.

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