Another U.K. firm crosses the pond

Project Performance Corp., of McLean, Va., has agreed to be acquired by AEA Technology plc, a consulting firm based in the United Kingdom that works on climate-change and energy issues.

The $65 million deal will create a 1,000-person consulting firm with a global reach, the companies said.

Michael Nigro, PPC's chief executive officer, will become chief operating officer and president of U.S. operations. He will also join AEA's board. He will report to Andrew McCree, CEO of AEA.

PPC's focus will not change, Nigro said. "We will continue to simplify complex problems for top government and Fortune 500 decision-makers," he said.

For AEA, the addition of PPC will bring more information technology services and knowledge to the company's European customers and give it access to U.S. markets, the companies said.

The demand for data systems to help agencies manage energy costs is rising, McCree said. "A combination of PPC's information technology and data-management skills with AEA's world-class technical expertise in climate change provides us with a compelling proposition for growth," he said.

The acquisition is expected to close in early August. PPC's financial and legal advisers were the investment bank KippsDeSanto and Co. and the law firm Greenberg Traurig.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

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.