SPA acquires space-focused systems engineering firm
By
Ross Wilkers
With the backing of a new private equity owner, Systems Planning and Analysis makes an acquisition of its own to bolster the company’s presence on government advisory and assistance programs.
With the backing of a new private equity owner, Systems Planning and Analysis has made an acquisition of its own to bolster the company’s presence on government advisory and assistance programs.
SPA purchased Arena Technologies, a provider of systems engineering and advisory services to the space and national intelligence community and related customers. Terms of the transaction announced Wednesday were undisclosed.
The space domain represents a primary area of focus for SPA, which plans to make additional investments in what it does for those programs.
“Consolidation has created a void in the technical advisory market, and this transaction marks the first of many investments we are making to fill it,” SPA CEO Dr. William Vantine said in a release.
For SPA, this comes nearly two months after the company itself was acquired by Arlington Capital Partners and merged into fellow portfolio company MCR with the SPA name adopted for the combined entity.
Arlington said at the time that SPA was at around $350 million in annual revenue with 1,200 employees.
Holland & Knight acted as SPA’s legal counsel on the transaction. G2 Capital Partners and Greenberg Traurig respectively were Arena’s financial adviser and legal counsel.