Author: Jane Edwards|| Date Published: November 6, 2019
Los Angeles-based space systems technology firm LinQuest has closed its acquisition of data analytics provider The Perduco Group in a push to advance its strategic growth plan and expand the delivery of artificial intelligence, mission planning, decision analytics and machine learning capabilities to intelligence community and military clients.
The transaction provides LinQuest an expanded portfolio of contract vehicles, including the Department of Defense™s Rapid Innovation Fund, the Small Business Innovation Research program and the General Services Administration™s Multiple Award Schedule, the company said Tuesday.
Ohio-based Perduco, which will operate as a LinQuest business unit, provides data analytics, model-based simulation and data architecting support to civilian and defense agencies.
œTogether, we will deliver a seamless and holistic experience for our military and intelligence community customers designed to more effectively meet their needs on the battlefield and at home, said Perduco CEO Stephen Chambal.
Baird acted as LinQuest™s financial adviser in the transaction, while Crowell & Moring LLP and Kirkland & Ellis LLP served as legal advisers. LinQuest also received an expanded credit facility from Bank of America Merrill Lynch in support of the deal.
Jones Day advised Perduco on the deal™s legal aspect.
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