WBB, NetStar-1 combine operations
By
Nick Wakeman
Now with the name owner, the two companies will operate as one.
Two government contractors owned by the same private equity group are combining operations to form a single company.
Whitney, Bradley and Brown Inc., which was acquired this week by Lake Capital, will merge with NetStar-1.
The combined company will operate under the Whitney, Bradley and Brown name. William McMullen, president and CEO of WBB, will continue in that position. Kevin Rowe, president and CEO of NetStar-1, will become chairman of WBB.
The new company will have over $130 million in revenue and 500 employees. Key customers include the Defense, Homeland Security and Justice departments, Veterans Health Administration, Office of Personnel Management, and a number of government contractors in the private sector.
The company’s capabilities include management consulting services such as business transformation, organizational realignment, process improvement, acquisition and technical consulting services.
The investment bank KippsDeSanto served as an adviser to WBB in its sale to Lake Capital. Terms of the transaction were not disclosed.
Lake Capital acquired NetStar-1 in 2007.
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