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New Deal


Announced

Completed

Stellar IT Solutions completed the acquisition of StanSource.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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information technology provider

Majority

IT Services: Other

Acquisition

Completed

Single Bidder

United States

Private

Friendly

Synopsis

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Stellar IT Solutions, an information technology design, development, product solution and talent management company, completed the acquisition of StanSource, an information technology services and solutions provider based in Dulles, Virginia. Financial terms were not disclosed. "Stellar serves as a main source of talent for our clients, and the acquisition of StanSource allows us to expand our talent footprint in the Washington, DC, area. This, in turn, allows us to respond quickly to the talent needs of diverse clients," Dipak Thakker, Stellar CEO and President.

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