Another deal done, more on the way for Essex

Essex Corp. is considering more acquisition candidates this year, following its most recent purchase of Performance Group Inc., Leonard Moodispaw, the company's president and chief executive officer said.

Columbia, Md.-based Essex earlier this week inked an agreement to acquire PGI for an undisclosed sum. The Fredericksburg, Va.-company provides geographic information systems, imagery processing and analysis, spatial data development, environmental consulting, visualization and IT solutions to federal and commercial clients. Privately owned PGI has 39 employees and 2003 revenue of around $4.5 million, according to Essex.

PGI is Essex's second acquisition of 2004. In April, Essex completed its purchase of Computer Science Innovations, a Melbourne, Fla., company focused on cognitive processing technology.

Essex is looking at several other companies as possible acquisition targets this year, but Moodispaw declined to specify which ones. The company is seeking firms that will increase "the breadth and depth" of its offerings, he said. Essex expects to close its deal with PGI in late June, Moodispaw said.

Essex provides optoelectronic signal processing services and products for federal intelligence and defense clients, including the National Security Agency, National Reconnaissance Office, National Geospatial Intelligence Agency, Defense Advanced Research Project Agency and U.S. Army, Navy and Air Force. It has 131 employees and had revenue of $16.3 million for the fiscal year ended Dec. 28, 2003.




Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.