AMS to acquire Vredenburg
- By Michael Hardy
- Jul 16, 2003
American Management Systems has planned to acquire R.M. Vredenburg & Co., a defense and intelligence contractor specializing in professional and technical services. The companies announced a definitive agreement for the acquisition on July 15.
AMS will pay $42 million in cash from Vredenburg, based in Reston, Va. The purchase, which AMS expects to close in about a month, will bring about $60 million in annual revenues, access to more government contract vehicles and new customers in the Defense Department and the intelligence community to AMS.
"This acquisition is consistent with our strategy of achieving growth and scale within our primary markets through both organic and inorganic means," said Alfred T. Mockett, AMS chairman and chief executive officer in a statement. "In Vredenburg, we have chosen an organization that will build on our legacy of commitment to the national security community and is an exceptional cultural fit with our existing public sector practice."
"The combination of business lines and core competencies will greatly enhance the depth and breadth of services we can offer clients," said Vredenburg president and CEO Chick Baboyian, also in a written statement. "We are excited about joining forces with a firm that has earned such a strong reputation in the public sector and shares our commitment to customers and employees."