M&A Deal Summary

CSRA Acquires Praxis Engineering Technologies

On October 17, 2017, CSRA acquired information technology company Praxis Engineering Technologies for 235M USD

Acquisition Highlights
  • This is CSRA’s 3rd transaction in the Information Technology sector.
  • This is CSRA’s largest (disclosed) transaction.
  • This is CSRA’s 3rd transaction in the United States.
  • This is CSRA’s 1st transaction in Maryland.

M&A Deal Summary

Date 2017-10-17
Target Praxis Engineering Technologies
Sector Information Technology
Buyer(s) CSRA
Deal Type Add-on Acquisition
Deal Value 235M USD

Target

Praxis Engineering Technologies

Annapolis Junction, Maryland, United States
Praxis Engineering Technologies, Inc. is a provider in the applications development and engagement in the Intelligence Community. Praxis Engineering Technologies, Inc. was founded in 2002 and is headquartered in Annapolis Junction, Maryland.

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Buyer(S) 1

Buyer

CSRA

Falls Church, Virginia, United States

Category Company
Founded 2015
Sector Information Technology
Employees18,500
Revenue 5.0B USD (2017)
DESCRIPTION

CSRA, Inc. is a provider of next-generation technology solutions to federal customers in the fastest-growing segments across the U.S. government, and we do so with an unparalleled focus on execution, performance and efficiency. CSRA is realizing the promise of technology to change the world through next-generation thinking and meaningful results. CSRA is driving towards achieving sustainable, industry-leading organic growth across federal and state/local markets through customer intimacy, rapid innovation and outcome-based experience. CSRA has over 18,000 employees and is headquartered in Falls Church, Virginia.


DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Maryland) 1 of 1
Country (United States) 3 of 3
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 NES Associates

Alexandria, Virginia, United States

NES Associates LLC is a well-respected federal IT service provider. NES provides specialized expertise in enterprise networking, cybersecurity, infrastructure, and application architecture as well as implementation services to customers in the military and other federal agencies.

Buy -