M&A

Fulcrum buys PTR to expand R&D, intell work

Fulcrum IT Services has acquired technology and engineering services provider The PTR Group in a move to add additional footprints in research-and-development work and a presence across intelligence agencies.

Terms of the transaction were undisclosed. Centreville, Virginia-based Fulcrum said Wednesday the deal extends its footprint with agencies such as NASA, the Defense Advanced Research Projects Agency, National Geospatial-Intelligence Agency and Naval Research Laboratory.

PTR Group’s services include cyber operations and research, satellite and robotic control software engineering, and embedded development.

Ashburn, Virginia-based PTR was founded in 2002 and is an employee-owned company.

Investment bank Teneo Group was PTR's financial adviser for the transaction.

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.

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

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. 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.