Hello, Guest!
  • Sunday, September 8, 2024

The SI Org Closes Potential $215M Purchase of QinetiQ NA’s Services Arm


SI Organization logoQinetiQ confirmed Tuesday that it has completed the sale of its U.S.-based services division to The SI Organization, a little more than a month after regulatory and shareholder approvals were met.

The SI Organization has made an initial payment of $165 million for QinetiQ North America‘s services group and could pay an additional $50 million in cash no earlier than March 31 2015 depending on the group’s gross profit performance up to that date.

Mac Curtis, The SI’s CEO, said in April that his company made the deal to continue its strategy to lead the “design, development, integration and operation of complex, mission-critical information systems across the government.”

For more details on the transaction and Curtis’ perspective on The SI’s adjacent growth aims, click here to read GovCon Wire’s previous coverage of the transaction.

Video of the Day

Related Articles

Former Perspecta Exec Alka Bhave Joins Riverside Research as Chief of Staff Executive Moves

Former Perspecta Exec Alka Bhave Joins Riverside Research as Chief of Staff

Alka Bhave, former corporate vice president of the performance excellence organization at Perspecta, has joined Riverside Research as chief of staff. Bhave was responsible for driving excellence across Perspecta’s business groups and functional areas from 2019 until its merger with Peraton in May 2021, according to her LinkedIn profile (click here to read our coverage

Gary Slack Joins XLA as President, CEO Executive Moves

Gary Slack Joins XLA as President, CEO

Gary Slack, former president and chief operating officer of QinetiQ North America, has been appointed president and chief executive at Tysons, Virginia-based government services contractor XLA. The more than 30-year GovCon veteran will be responsible for implementing the company’s growth strategies and succeeds founder and former CEO Lloyd Mustin, who will transition to a new role

Vencore CEO Mac Curtis Inducted Into Wash100 For M&A Leadership Press Releases

Vencore CEO Mac Curtis Inducted Into Wash100 For M&A Leadership

Executive Mosaic, Tysons Corner, VA March 17, 2015 – Mac Curtis, CEO at Vencore, has been listed among this year’s Wash100 most influential leaders in GovCon for his leadership role in the government contracting mergers and acquisitions market. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic’s organizational and editorial leadership as