M&A Deal Summary

CSRA Acquires SRA International

On November 30, 2015, CSRA acquired information technology company SRA International from Providence Equity Partners

Acquisition Highlights
  • This is CSRA’s 1st transaction in the Information Technology sector.
  • This is CSRA’s 1st transaction in the United States.
  • This is CSRA’s 1st transaction in Virginia.

M&A Deal Summary

Date 2015-11-30
Target SRA International
Sector Information Technology
Buyer(s) CSRA
Sellers(s) Providence Equity Partners
Deal Type Add-on Acquisition

Target

SRA International

Fairfax, Virginia, United States
SRA International is a provider of technology and strategic consulting solutions to government organizations. SRA International was formed in 1976 and is based in Fairfax, Virginia.

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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 1 of 3
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Virginia) 1 of 2
Country (United States) 1 of 3
Year (2015) 1 of 1
FOLLOWING 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 -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 54 of 100
Sector (Information Technology) 4 of 8
Type (Add-on Acquisition) 28 of 40
State (Virginia) 3 of 6
Country (United States) 37 of 68
Year (2015) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 ikaSystems

Southborough, Massachusetts, United States

ikaSystems Corp. is a provider of integrated online software applications to the healthcare payer industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 CARET

San Diego, California, United States

CARET is a vertical SaaS provider for compliance-focused professional services markets. Our purpose-built cloud infrastructure puts customers’ business data and vital applications into a virtual workspace that is accessible anywhere, anytime and from any device, enabling small and midsize legal and accounting firms to grow an efficient, secure, client-focused practice. CARET was founded in 1983 and is based in San Diego, California.

Buy -