Sayres Defense, a leader in defense mission support services for the US Navy, Department of Defense, and broader national security community, announced it has acquired Global Systems Technologies (GST). GST offers test and evaluation services, model-based systems engineering, logistics, and R&D to Defense and Homeland Security customers.
With this acquisition, GST will join Sayres Defense and Joint Research and Development (JRAD) as the third company in Broadtree Partners’ GovCon platform.
Tim Reardon, the current CEO of Sayres Defense, JRAD, and prior Lockheed Martin and Leidos senior executives, will lead the combined companies as CEO. With a track record of strong performance in the GovCon national security market, GST, JRAD, and Sayres will now collaborate with unified and mission-focused operational and financial leadership.
Based in Charlotte, North Carolina, Broadtree Partners is a middle-market private equity firm that focuses specifically on aerospace, defense, intelligence, and federal civilian government services businesses. So far, Broadtree has made four significant platform investments in these markets and is positioned to fuel significant, long-term, sustainable growth with additional acquisitions in the government contracting space.
Holland and Knight served as the legal counsel to Broadtree Partners, Sayres Defense, and JRAD for the transaction. G Squared Capital Partners served as financial advisor, and Miles and Stockbridge served as legal counsel for GST.
KEY QUOTE:
“We’re extremely excited to add GST to our GovCon platform – GST has a unique culture of customer and mission-focused performance and remarkably talented people supporting critical national security programs across the national security customer community. GST and JRAD will enable our customers to have greater access to mission critical engineering domains to serve their most critical missions.”
– Tim Reardon
