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New Deal


Announced

Completed

Broadtree Partners completed the acquisition of Joint Research and Development.

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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testing laboratory

Health Care Services

Acquisition

Private Equity

Single Bidder

United States

Domestic

Majority

Private

Completed

Friendly

Synopsis

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Broadtree Partners, a middle-market private equity firm, completed the acquisition of Joint Research and Development, a provider of test and evaluation services, total life-cycle acquisition support, medical and public health preparedness, and science and technology research and development. Financial terms were not disclosed. "We're extremely excited to add JRAD to our GovCon platform – JRAD has a unique culture of customer and mission-focused performance and remarkably talented people supporting critical national security programs across the Federal Government. JRAD is a great step forward towards achieving our goal of building the next great middle-market support contractor," Tim Reardon, Broadtree Partners Operating Executive.

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