NCI goes private as sale closes
- By Ross Wilkers
- Aug 15, 2017
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.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at firstname.lastname@example.org. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.