M&A

Culmen makes deal for PlanetRisk federal arm

Global government logistics contractor Culmen International has acquired the federal services business of PlanetRisk to add new technology-related business with defense, homeland security and intelligence agencies.

Terms of the transaction were undisclosed. Washington, D.C.-based Culmen said Wednesday it will have a combined workforce of 200 employees.

PlanetRisk Federal Services -- also known as Analytic Strategies –supports the departments of Defense, Homeland Security, Energy and State, as well as the National Geospatial-Intelligence Agency.

Founded in 2004, Culmen focuses on services related to domestic and international security, military readiness and support, and stability operations.

Baird was the financial adviser for PlanetRisk Federal Services, while Access National Bank financed the transaction for Culmen. Venable represented PlanetRisk Federal Services during the deal negotiations and Pillsbury represented Culmen.

This is the seventh transaction Baird has advised on since the global financial services firm brought aboard long-time federal market investment bankers Jean Stack, John Song and Alex Sevilla in January to start a government services practice.

Those seven transactions have an aggregate value of around $1.8 billion.

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.