A Note From Our President & Founder Jim Garrettson
After our recap last week of the year so far in GovCon M&A’s announced and closed deals, market leaders and observers have another transaction to watch and prepare for as 2015 rolls on.
SRA International, the technology services contractor started by Dr. Ernst Volgenau in 1978, made its intentions known this week to undertake an initial public offering four years after Providence Equity Partners purchased SRA for almost $2 billion.
Fairfax, Va.-based SRA traded on the New York Stock Exchange between 2002 and July 2011, when Providence closed the $31.25 per-share, all-cash deal to take the contractor private.
SRA has since made some acquisitions itself under Providence’s ownership, including the purchase of MorganFranklin’s national security business in December 2012 and the deal for some of Qbase’s government services segment that closed in April of this year.
SRA did not disclose a firm timetable for the IPO nor a share price for when public trading starts.
The Potomac Officers Club will kick off its summer “CIO Speaker Series” Thursday for industry and government executives to hear from federal IT leaders on their technology priorities.
Doug Wolfe, the CIA’s chief information officer, will be the first federal CIO for the series to address the POC Thursday in Falls Church, Va. at the “Innovation in Defense & Intelligence: Part One” event.
Part two of POC’s “Innovation in Defense & Intelligence” series will feature Defense Department CIO Terry Halvorsen for an Aug. 20 breakfast event that also will take place in Falls Church.
Air Force Secretary Deborah Lee James will offer her perspective on the service branch’s current status and future plans to the Potomac Officers Club July 22 as keynote speaker for the “2015 Air Force Forum.”
James became the Air Force’s top civilian officer in late 2013 after 11 years at SAIC and she also served as assistant defense secretary for reserve affairs between 1993 and 1998. Click here to register for these events and to view POC’s full calendar.