MCR leaves AT&T

In a transaction flowing opposite the course taken by most acquisitions, managers of a small company have broken out of AT&T in order to accelerate their own growth.

Buyout firm Lau Technologies financed the acquisition of Management Consulting & Research LLC under undisclosed terms. MCR's current management will be half owners of the business with Lau, and will continue to run the company

MCR, a consulting firm, specializes in integrated program management support for the Defense Department and other federal agencies.

"Although we have had a successful association with AT&T, this acquisition will permit us to be more flexible and responsive to our customers' demands, in an industry comprised primarily of small, privately-held consulting firms," said Neil Albert, president and chief executive officer of MCR, in a statement.

The infusion of capital from Lau will enable MCR to expand its market into other agencies, he added.

MCR, founded in 1977, has been a wholly owned AT&T subsidiary since 2000.

Featured

  • Government Innovation Awards
    Government Innovation Awards - https://governmentinnovationawards.com

    Congratulations to the 2020 Rising Stars

    These early-career leaders already are having an outsized impact on government IT.

  • Cybersecurity
    cybersecurity (Rawpixel/Shutterstock.com)

    CMMC clears key regulatory hurdle

    The White House approved an interim rule to mandate defense contractors prove they adhere to existing cybersecurity standards from the National Institute of Standards and Technology.

Stay Connected