DLT bought by its executives

DLT Solutions has been bought out by an executive management group, including two of the firm's senior managers.

DLT, a provider of technology products and services to the government, announced today that the group has bought 100 percent of the company's stock. Rick Marcotte, president and chief executive officer, and Craig Adler, chief financial officer, are part of the group.

Marcotte took the company's reins in mid-2004, after serving on the board of directors. Since then, he and Adler have led the implementation of a strategic plan that entailed expanding the range of services DLT offers.

The company's announcement did not say how many members are in the management group nor did it identify others.

DLT reported $318 million in revenue in 2004.


  • IT Modernization
    shutterstock image By enzozo; photo ID: 319763930

    OMB provides key guidance for TMF proposals amid surge in submissions

    Deputy Federal CIO Maria Roat details what makes for a winning Technology Modernization Fund proposal as agencies continue to submit major IT projects for potential funding.

  • gears and money (zaozaa19/Shutterstock.com)

    Worries from a Democrat about the Biden administration and federal procurement

    Steve Kelman is concerned that the push for more spending with small disadvantaged businesses will detract from the goal of getting the best deal for agencies and taxpayers.

Stay Connected