DynCorp deal targets new markets

By Nick Wakeman,
Editor-in-Chief, Washington Technology

| September 28, 2009

DynCorp plans to acquire Phoenix Consulting Group in a move that will bring new capabilities and customers to the company.

Phoenix will operate as a wholly owned subsidiary and will become part of DynCorp’s Global Stabilization and Development Solutions division. The acquisition is being funded through cash on hand, DynCorp officials said. The investment bank KippsDeSanto & Co. acted as financial adviser to Phoenix Consulting Group. The deal is expected to close during October.

DynCorp International is buying Phoenix Consulting Group, a training and consulting company, in a move that pushes DynCorp into new markets.

Phoenix provides training courses and materials as well as management consulting and augmentation services to intelligence agencies, company officials said.

Terms of the deal were not disclosed, but DynCorp is picking up about 400 employees, many with top secret security clearances. The acquisition will expand DynCorp’s work with intelligence and national security customers.

“This acquisition is consistent with our goal of accelerating growth, expanding service offerings and penetrating new segments,” said DynCorp International President and CEO William L. Ballhaus.

Phoenix is a private company based in Alexandria, Va. Its offerings include:

Specialized and proprietary training courses for professionals in the intelligence, counterintelligence, special operations and law enforcement markets.
Strategic, professional level and technical advisory and support services to government and military organizations.

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