Hello, Guest!
  • Sunday, December 22, 2024
Natee Meepian/Shutterstock.com

Broadtree Adds Virginia-Based Company JRAD to GovCon Portfolio

Broadtree Partners has purchased Joint Research and Development, a professional services provider headquartered in Stafford, Virginia, in a move to grow the private equity firm’s government contracting portfolio.

Financial terms of the transaction were not disclosed and Broadtree said Thursday JRAD will join Sayres Defense, which the middle-market private equity firm acquired in 2021.

Tim Reardon, CEO and chairman of the board of Sayres Defense, will lead the combined operations as CEO while Terri Hague, chief operating officer of JRAD, will serve as president of Broadtree’s latest portfolio company.

JRAD supports defense, civilian and homeland security agencies in areas such as systems engineering and integration, counter-weapons of mass destruction, modeling and simulation and laboratory and non-laboratory sciences.

Evergreen Advisors Capital and Pillsbury Winthrop Shaw Pittman acted as exclusive financial and legal advisers to JRAD on the transaction.

Holland and Knight served as the legal adviser to Broadtree Partners and Sayres Defense.

Video of the Day

Related Articles

Broadtree-Backed Sayres Defense Buys Global Systems Technologies; Tim Reardon Quoted M&A Activity

Broadtree-Backed Sayres Defense Buys Global Systems Technologies; Tim Reardon Quoted

Sayres Defense, a portfolio company of Charlotte, North Carolina-based private equity firm Broadtree Partners, has acquired Global Systems Technologies for an undisclosed sum as part of expansion efforts in the government contracting sector. GST provides model-based systems engineering, test and evaluation support, research and development and logistics support services for defense and homeland security customers,

Sayres Defense Books $280M Navy Contract for Professional Support Services Contract Awards

Sayres Defense Books $280M Navy Contract for Professional Support Services

Sayres Defense has secured a potential $280 million contract from the U.S. Navy to provide the Naval Sea Systems Command with a range of support services over a five-year performance period. The PMS 300/PMS 325 Professional Support Services contract covers program management, engineering support, logistics management, concept design and analysis as well as post delivery

Tim Reardon Named CEO, Board Chairman of Broadtree-Backed Sayres Defense Executive Moves

Tim Reardon Named CEO, Board Chairman of Broadtree-Backed Sayres Defense

Tim Reardon, a 25-year GovCon industry leader and a four-time Wash100 awardee, has been appointed CEO and chairman of the board of Sayres Defense, a portfolio company of Charlotte, North Carolina-based private equity firm Broadtree Partners. He succeeds Joel Willett as chief executive of Sayres and will oversee sourcing, investment strategy and acquisitions in support