On August 16, Potomac, MD-based Castellum, Inc. announced that it has acquired Specialty Systems, Inc. (SSI) a Toms River, NJ-based government contractor.
SSI provides critical mission support to the Navy at Joint Base McGuire-Dix-Lakehurst in the areas of software engineering, cyber security, systems engineering, program support and network engineering. The company was founded by the CEO, Emil Kaunitz and will bring nearly 90 employees to the Castellum family of companies.
“My long-time business partner, Bill Cabey, COO of SSI, and I, along with the rest of the SSI team, are very excited about becoming part of Castellum with all of us remaining at SSI in our current roles,” said Kaunitz. “Our customers will continue to enjoy the same high level of support that they have come to expect over the last 43 years along with new capabilities that we can now bring from Castellum.”
“Operationally, the exceptional team of professionals at SSI brings new and expanded expertise that Castellum can offer to existing and future customers,” noted Mark Fuller, president and CEO of Castellum. “This acquisition is immediately accretive to both revenue and EBITDA per share and, along with our recently announced Merrison Technology transaction, establishes a $33 million dollar annualized revenue run rate for our company that takes us to another level in competing for larger government contracts.”
Source: Castellum
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