Wyle Acquires RS Information Systems
Wyle, a leading provider of high tech aerospace engineering, testing and research services and a portfolio company of Littlejohn & Co., today announced a definitive agreement to acquire RS Information Systems of McLean, Va., a premier federal systems integrator providing advanced technical and business services in information technology, systems engineering, telecommunications, scientific support and management consulting.
The acquisition of the privately held company is expected to increase Wyle's 2008 annual revenues to approximately $800 million and the number of employees to more than 4,200.
"This is an important addition to Wyle's business portfolio as we continue to grow the company," said George Melton, Wyle chairman, CEO and president. "While we have some major contracts in the information technology field, this acquisition will enable Wyle to significantly broaden its presence in the information technology services sector and add key new contracts and customers that will complement our current client base. This acquisition makes Wyle a major federal information technology provider with a major presence in Washington, D.C."
Upon completion of the acquisition of RS Information Systems expected in early 2008, Wyle’s revenues will have more than tripled since 2004, before Wyle acquired the Aeronautics Information Engineering Services unit of General Dynamics.
"We are very excited about becoming part of Wyle," said Rodney Hunt, RS Information Systems CEO and president, as well as its founder. "Like RS Information Systems, Wyle has a strong, mission-oriented culture and will provide leadership and resources to leverage RS Information Systems strengths that will benefit Wyle, our customers and our employees."
RS Information Systems is focused on information technology and systems integration services. With more than 100 prime contracts with defense, federal civilian and law enforcement agencies, it has more than 1,400 employees at 10 offices and more than 50 customer sites. The organization will become Wyle’s fourth strategic business unit joining the Aerospace Group; Life Sciences Group; and Test, Engineering and Research Group.
Wyle, a privately held company, is a leading provider of high tech aerospace engineering, testing and research services to government and industrial customers. The company also provides life sciences services, special test systems and other technical support services to the aerospace, defense, nuclear power, communications and transportation industries.
