Castellum has signed a letter of intent to buy an East Coast-based government contractor with an annual revenue of $4 million.
Castellum said Monday it expects the transaction to close in the first quarter of calendar year 2022, subject to the execution of a definitive purchase agreement, due diligence and other customary closing conditions.
Mark Fuller, president and CEO of Castellum, said the proposed acquisition will bring to the company more than 25 employees and help expand its information warfare/information operations capabilities in support of the special operations community.
“Combined with some organic growth that we have seen recently; this accretive acquisition will push Castellum above the $40 million run-rate threshold. We also continue to look at other potential acquisitions,” added Fuller.
Defense technology company Castellum is making strategic acquisitions in the areas of information technology and software, information warfare, engineering services, electronic warfare and cybersecurity.
In August, Castellum acquired government tech services contractor Specialty Systems Inc.