Saalex extends further east via acquisition
The MQ-25 RDT&E facility and hangar at the Patuxent Naval Air Station. Photo by Matthew Stinson / Naval Facilities Engineering Systems Command
By
Ross Wilkers
The Southern California-headquartered company also gains more of a footing with the Navy.
Saalex has agreed to acquire fellow government services company Spalding Consulting for $75 million in a move to further further build its technology offerings for defense agencies.
This transaction will turn Southern California-headquartered Saalex into a1,200-employee business with annual revenue of close to $175 million. Spalding contributes around 430 staffers to the combined workforce.
"It allows us to grow our largest customer base, gain access to additional federal agencies, and enhances our software-development services," Saalex's chief executive Travis Mack said in a release Wednesday.
Spalding's headquarters campus is in Lexington Park, Maryland, to place it in close proximity to the Patuxent Naval Air Station that is home to Naval Air Systems Command. Saalex touts this transaction as expanding its footprint in the eastern United States, and it gains greater access to the Naval Air Warfare Center's aircraft division.
Spalding opened for business in 2001 as a provider of on-premise and cloud-based IT solutions, along with program management and financial management services.
The company has received $61.7 million in unclassified prime contract obligations over the trailing 12 months with the Navy representing all of that spend, according to GovTribe data.
For Saalex, the purchase of Spalding takes place nearly two years after the acquisition of Netsimco to add more of an IT footprint to the broader services portfolio.