Serco wraps up SI International buy

Serco Group plc has completed its acquisition of SI International Inc., a provider of information services, technology and network solutions to the federal government.

Under the terms of the merger agreement, Serco paid $32 per share in cash, or approximately $422 million. Including the assumption of SI International’s net debt, the deal totals $524 million.

SI International will be combined with Serco North America, of Reston, Va., increasing Serco’s ability to deliver integrated solutions to the $290 billion federal government services market, Serco officials said today.

Serco North America and SI International will have combined annual revenue of $1.3 billion and approximately 11,500 employees, the officials added.

Major customers include the intelligence community, Army, Air Force, Navy, State and Homeland Security departments, Federal Aviation Administration, Federal Retirement Thrift Investment Board, and U.S. Postal Service.

Serco Group, a $5 billion international business, is based in Hampshire, England.

SI International ranks No. 44 on Washington Technology’s 2008 Top 100 list of the largest federal government prime contractors. Serco Services, a division of Serco North America, ranks No. 56 on the list.

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

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

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. 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.