Vencore, Inc. announced today that the Association for Corporate Growth (ACG) in the National Capital Region awarded it the Deal of the Year Award (between $50 million and $250 million) for its 2014 acquisition of QinetiQ North America Services and Solutions (QNA SSG). The prestigious award was presented at the annual ACG Awards Gala on April 30.
In May 2014, The SI Organization, Inc. purchased QNA SSG, nearly doubling the size of the company to more than $1.2 billion in annual revenues. The combined companies rebranded as Vencore in July 2014 after closing the transaction to create a business with 4,000 employees and a culture of respect, accountability, dedication, continuous improvement and integrity.
“I am so honored to accept this award on behalf of Vencore,” said Mac Curtis, president and chief executive officer of Vencore, Inc. “This strategic acquisition created a competitive, differentiated government solutions and services platform, focused on supporting our customers’ missions with innovative, creative and unique solutions that are unparalleled. “
“The deal also increased Vencore’s position in the intelligence community and significantly increased the number of Vencore’s contract vehicles, customer footprint, and market offerings, which continue to fuel our success,” said Curtis.
The deal expanded Vencore’s existing customer set from the intelligence agencies, the U.S. Air Force and DARPA, to include significant positions with NASA, the U.S. Army, the U.S. Navy and the Department of Homeland Security among others.
In December 2014, Vencore was also named the Northern Virginia Technology Council (NVTC) Top Tech Company of the Year with more than $50 million in annual revenues and listed on The Post 200 as eighth in number of employees and eleventh in revenues in the Washington, DC Metro Region.
ACG National Capital serves over 400 members who are directly involved in merger and acquisition transactions, including private equity investors, intermediaries, corporate development professionals, lenders and service providers. Globally, ACG caters to over 14,000, providing members with strong local networks coupled with global reach.