Hello, Guest!
  • Monday, November 18, 2024

Castellum Acquires Certain Albers Group Assets to Grow Patuxent River Footprint

Castellum has acquired Albers Group assets that are located Naval Air Station Patuxent River in Maryland to provide further support for U.S. Navy and Marine Corps programs.

The deal sought to expand the Pax River market presence of Specialty Systems Inc., which Castellum purchased in August and now operates as its SSI subsidiary, the company said Wednesday.

Mark Fuller, president and CEO of Castellum, said the transaction is projected to raise the company’s annualized revenue run-rate to more than $35 million.

The Bethesda, Maryland-based defense technology provider expects the purchase to bring in $2 million in annual revenue and grow its industry connections for the naval base.

Glen Ives, a retired Navy captain and former commanding officer of Pax River, oversees Castellum’s Navy and Marine Corps division.

Video of the Day

Related Articles

Glen Ives Takes Additional Role as Castellum Government Sales & Operations President Executive Moves

Glen Ives Takes Additional Role as Castellum Government Sales & Operations President

Glen Ives, chief growth officer and CEO of the Navy and Marine Corps division at Castellum, has assumed the additional role of president of government sales and operations at the Bethesda, Maryland-based defense technology company. Castellum CEO Mark Fuller said in a statement published Monday Ives will have executive management responsibilities for all of the

EM’s Weekly Roundup: Roger Krone Becomes Eight Time Wash100 Winner; Serco to Buy WBB for $295M; Verizon Vet John West Joins Leidos; Mark Gerencser, Gen. Joseph Votel of BENS Discuss National Security Crisis; Glen Ives Joins Castellum Weekly Round-up

EM’s Weekly Roundup: Roger Krone Becomes Eight Time Wash100 Winner; Serco to Buy WBB for $295M; Verizon Vet John West Joins Leidos; Mark Gerencser, Gen. Joseph Votel of BENS Discuss National Security Crisis; Glen Ives Joins Castellum

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Holicity, Astra Enter Into Merger Agreement; Chris Kemp Quoted Astra has agreed to merge with Holicity in a deal that would also transform the small satellite launch services provider into a publicly traded company. Alameda, California-based Astra said the transaction implies a $2.1 billion

Sabre Founder Phil Jaurigue Returns to CEO Post, Finance Chief Ben Jaurigue Adds COO Title Executive Moves

Sabre Founder Phil Jaurigue Returns to CEO Post, Finance Chief Ben Jaurigue Adds COO Title

Phil Jaurigue, founder and chairman of Sabre Systems, has been appointed as CEO again after Glen Ives stepped down from the chief executive and president roles. Ives, who joined Sabre in 2008 and is a part-owner, will continue to support the Warrington, Pennsylvania-based professional services provider in a strategic advisory post, the company said Wednesday.