Serco Inc., a provider of professional, technology, and management services, announced that it has closed the acquisition of Whitney, Bradley & Brown, Inc. (WBB). The final purchase amount was $295 million.
The acquisition strengthens Serco’s platform providing acquisition and program management services to a range of Department of Defense (DoD) clients. It bolsters Serco’s bench strength in critically high-demand areas, with approximately 1,000 new team members joining Serco, including more than 200 subject matter experts (SMEs) with over 20 years of experience each in their technical disciplines.
These experts will enrich Serco’s existing capabilities in advanced areas, including Artificial Intelligence (AI), machine learning, data analytics, and cyber consulting. Serco can now offer new complementary high-demand solutions, to existing DoD clients while leveraging existing capabilities into new customers.
WBB had a position on 35 different IDIQ/GWAC contract vehicles with a combined ceiling value of over $70 billion, the vast majority of which are expected to now be available to Serco.
“We are happy to welcome the team from WBB aboard and incredibly excited about the scope of what we can now offer to clients across the Air Force, U.S. Space Force, Army, Navy, Marines, Department of Homeland Security and other strategic accounts,” said Dave Dacquino, Chairman and CEO of Serco Inc. “Just as the naval system’s business of Alion joined Serco in 2019 to transform our relationship with the Navy, the expertise of this team makes us a highly credible provider of data-driven technology solutions across the full lifecycle. Our experience of working with their leadership team through the acquisition process has only reinforced the deeply shared cultural values between our two organizations and the commitment to quality.”
Robert Olsen, former CEO of WBB and now Senior Vice President of the new Serco business unit, commented: “We are very happy to be joining Serco, as the synergies between the combined two companies will benefit the business, our employees, and our customers. We are extremely excited about what we will be able to do working together to address many of our government’s most pressing technological, organizational, program, and financial challenges.”