Serco Group’s North American division has agreed to acquire Reston, Virginia-based management consultancy Whitney, Bradley & Brown for approximately $295 million in a move to grow acquisition and program management service offerings for the Department of Defense.
Serco Inc. said Tuesday it expects to complete the acquisition in the second quarter of this year.
Dave Dacquino, chairman and CEO of Serco Inc. and a 2021 Wash100 Award recipient, sees the deal as “a growth-oriented acquisition” and a move that is in line with the company’s service expansion strategy that covers the U.S. Air Force, Army, Missile Defense Agency, Office of the Secretary of Defense and other key accounts.
WBB employs approximately 1,000 personnel, including over 200 subject matter experts, who provide federal government customers with consulting services in support of mission-critical programs and major platforms.
Upon the close of the acquisition, Serco intends to establish a new business unit from WBB assets and appoint Robert Olsen, CEO of WBB, as senior vice president of the new segment.
