Perot Systems makes deal for DOE supplier

Perot Systems Corp. has purchased safety, environmental and engineering services company PrSM Corp. for $7.2 million in cash, the company said today.

The acquisition allows Perot Systems Government Services to provide a wider range of safety and engineering services to the Energy Department and expand its offerings in other markets such as the Defense Department and NASA.

Based in Knoxville, Tenn., PrSM is an employee-owned company with 65 people. It posted 2004 revenue of $7.6 million. The company's biggest client is the Energy Department. PrSM also has offices in Paducah, Ky., Huntsville, Ala., and Los Alamos and Albuquerque, N.M.

"The government sector is a priority for us, and we believe that adding the strong capabilities of PrSM Corp. will further strengthen our ability to serve government clients," Peter Altabef, president and chief executive officer of Perot Systems, said in a prepared statement.

The transaction is subject to approval by PrSM's shareholders.

Headquartered in Plano, Texas, Perot Systems employs more than 15,000 people worldwide and had 2004 revenue of $1.8 billion. Its government customers include the Defense and Homeland Security departments, civilian agencies and the intelligence community. The company is No. 50 on Washington Technology's 2005 Top 100 list of federal prime contractors.

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.