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Announced

Broadtree-backed Sayres Defense completed the acquisition of Global Systems Technologies.

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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United States

test and evaluation

Defense

Acquisition

Domestic

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Broadtree-backed Sayres Defense, a defense mission support services provider, completed the acquisition of Global Systems Technologies, a provider of test and evaluation services, model-based systems engineering, logistics, research and development. Financial terms were not disclosed. "We're extremely excited to add GST to our GovCon platform – GST has a unique culture of customer and mission-focused performance and remarkably talented people supporting critical national security programs across the national security customer community. GST and JRAD will enable our customers to have greater access to mission critical engineering domains to serve their most critical missions," Tim Reardon, Sayres Defense CEO.

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