NCI goes private as sale closes

NCI Inc. has completed the $283 million sale of itself to private equity firm H.I.G. Capital in a deal that ends the government IT contractor's 12-year run as a public company.

The transaction closed Tuesday, one day after H.I.G.'s $20-per-share tender offer for NCI's stock completed. Trading of shares on the Nasdaq stock market ended and the company will delist itself.

Click here to read our in-depth analysis of NCI's process to find an acquirer and the place it found itself in as a middle-tier contractor.

Reston, Va.-based NCI undertook an initial public offering in 2005 priced at $10.50 per share. The company was founded in 1989 as NCI Information Systems.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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