ManTech buys GRS Solutions

ManTech International, a provider of innovative technologies and solutions to the intelligence and military communities and other federal agencies, has completed the acquisition of GRS Solutions, a provider of specialized technical, operational and analytical services to the intelligence community.

According to an announcement today, ManTech will acquire all outstanding shares of GRS and the transaction is expected to be immediately accretive to ManTech’s earnings per share.

Financial terms were not disclosed.

Founded in 1998, GRS is a privately held and highly specialized company in Falls Church, Va. It provides innovative analysis, technical management, program development and program implementation services in support of U.S. global counterterrorism and counterintelligence missions.

More than 90 percent of GRS’ employees have high-level security clearances.

The company generated annual revenues in excess of $10 million with robust operating margins for fiscal 2006, which ended Sept. 30, according to the ManTech statement.

“This acquisition adds further breadth to ManTech in the high-end intelligence arena and strengthens our position as a national security pure-play,” said George Pedersen, ManTech's chairman and chief executive officer. “GRS is an exceptional company with a proven track record of strong growth, profitability, and excellence in customer service.”

About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Featured

  • Workforce
    online collaboration (elenabsl/Shutterstock.com)

    Federal employee job satisfaction climbed during pandemic

    The survey documents the rapid change to teleworking postures in government under the COVID-19 pandemic.

  • Workforce
    By Mark Van Scyoc Royalty-free stock photo ID: 285175268

    OPM nominee plans focus on telework, IT, retirement

    Kiran Ahuja, a veteran of the Office of Personnel Management, told lawmakers that she thinks that the lack of consistent leadership in the top position at OPM has taken a toll on the ability of the agency to complete longer term IT modernization projects.

Stay Connected