CACI to purchase Acton Burnell
- By Patience Wait
- Sep 25, 2002
CACI International Inc. announced Sept. 24 it will acquire all outstanding stock of Acton Burnell Inc., a privately held information technology company with fiscal 2002 revenue of $28.4 million. Terms of the transaction were not disclosed.
CACI of Arlington, Va., said the acquisition will enhance its capabilities in systems integration, knowledge management, manpower readiness and training and financial systems. It also will bring new clients in the naval aviation arena and complement CACI's growing customer base in the Department of Veterans Affairs, which recently expanded with the company's purchase of the government solutions division of Condor Technologies Inc. in August.
Acton Burnell, Alexandria, Va., is a veteran-owned professional services firm supporting the IT needs of the federal government.
"Becoming a part of the CACI team gives a broader set of opportunities to Acton Burnell employees and allows us to offer additional solutions to our customers," said Stan Ecton, chief executive officer of Acton Burnell.
The Acton Burnell acquisition "will expand our business base within the Navy and federal civilian agencies and enable us to offer more capabilities to more clients," said Jack London, chairman and chief executive officer of CACI. "Acton Burnell also consistently ranks very high in client surveys of timeliness and responsiveness, which is a perfect fit with CACI's strong emphasis on client support."
Ken Johnson, president of U.S. operations, said, the buy will "broaden and deepen our relationship with Veterans Affairs. We've only had a modest set of contracts with them in the past." Acton Burnell] also does work with Justice Department agencies, the FBI, Drug Enforcement Administration and some Immigration and Naturalization work.
CACI expects the transaction, which must be approved by Acton Burnell's shareholders, to be accretive to earnings.
"When we put our plan together [for next year], we actually put somewhere between $40 million and $50 million in our top line revenue to allow for acquisitions," Johnson said. "While we haven't closed yet on Acton Burnell ? it should happen around Oct. 16 ? we have already included the revenue in our plan."
CACI employs more than 5,500 workers in 90 offices in the United States and Europe. Its preliminary revenue for fiscal 2002, which ended in June, was about $682 million, according to Hoover's Inc., the online business information service.