Wyle completes RSIS purchase
The acquisition increases Wyle's 2008 annual revenue projection to approximately $800 million and the number of employees to more than 4,200.
Wyle Inc. has completed its acquisition of RS Information Systems, first announced in early December.
The acquisition of the privately held government integrator increases Wyle's 2008 annual revenue projection to approximately $800 million and the number of employees to more than 4,200, the El Segundo, Calif., company said.
The companies did not disclose the financial terms of the transaction.
RSIS, which was founded in 1992 by Rodney Hunt, provides advanced services in information technology, systems engineering, telecommunications, scientific support and management consulting. The McLean, Va., company had $330 million in revenue in 2006 from more than 100 prime contracts with defense, civilian and law enforcement agencies. RSIS also has 1,400 employees.
The purchase makes Wyle a major federal IT provider with a significant presence in Washington, said George Melton, Wyle's chairman, chief executive officer and president.
RS Information Systems becomes Wyle's fourth operating group, joining the Aerospace Group, Life Sciences Group and the Test, Engineering and Research Group. It will operate as Wyle Information Systems. Cass Panciocco, chief operating officer at RS Information Systems, will serve as senior vice president and general manager of the new group.
Wyle, which specializes in aerospace engineering, testing and research, is a portfolio company of Littlejohn and Co., a private equity firm in Greenwich, Conn.
RSIS ranks No. 49 on Washington Technology's 2007 Top 100 list of the largest federal government prime contractors.