Castellum has completed its acquisition of government contractor Lexington Solutions Group for an undisclosed sum.
Mark Fuller, president and CEO of Castellum, said in a statement published Monday LSG President Boyd Brown and his team will join Castellum and the transaction pushes Castellum above the $43 million run-rate threshold.
“We also have identified several other potential acquisitions which fit our strategy and hope to be able to do one or more of those deals later this year. Additionally, we have made progress on our up-listing plans, which we intend to share publicly in the near future,” added Fuller.
In February, Castellum entered into a definitive purchase agreement with LSG two months after it signed a letter of intent to buy the latter to expand its information warfare/information operations capabilities in support of the special operations community.
LSG is a Lexington, Virginia-based service-disabled veteran-owned small business focused on information operations. The company provides national security, strategic communications and management consulting services to U.S. government and commercial clients and has an annual revenue of approximately $4 million.