M&A

System One makes second federal IT M&A deal in TPGS

Less than a year after one federal IT market acquisition, System One has made another to add more of a footprint in defense and intelligence agencies, both of which are highly sought-after by dealmakers.

This latest pickup by System One is of TPGS, which also specializes in cybersecurity, business intelligence, and training and instructional design services for federal agencies. In a release Thursday, System One said it envisions the deal as complementing its addition of GAP Solutions late last year that brought a civilian and health agency presence along with Navy and Army contract vehicles.

System One is a Pittsburgh-headquartered professional staffing firm with more than 7,000 employees and four offices in the Washington, D.C. metropolitan region. Reston, Virginia-based TPGS will operate as a subsidiary of GAP Solutions post-close. 

This is just the latest transaction in what seems to be an endless cycle of merger-and-acquisition activity by contractors of all shapes and sizes to try and grab more of a share of a growing budget pie centered around defense and IT spending increases.

Clark Hill was System One's legal adviser. The McQuillan Group helped carry out financial due diligence.

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.