Castellum signs LOI to acquire gov’t contractor
On December 27, Potomac, MD-based Castellum, Inc. announced the signing of a letter of intent (LOI) to acquire an East-coast based government contractor generating over $4 million in annualized revenue. Subject to due diligence and the execution of a definitive purchase agreement, the company hopes to close the acquisition in the first quarter of 2022.
“We are happy to announce our next LOI, which adds more than 25 employees and further strengthens our past performance by adding more capabilities in Information Warfare/Information Operations (IW/IO) serving the special operations community,” said Mark Fuller, president and CEO of Castellum. “Combined with some organic growth that we have seen recently; this accretive acquisition will push Castellum above the $40 million run-rate threshold. We also continue to look at other potential acquisitions.”
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