On January 23, Camarillo, CA-based Saalex Corporation announced the acquisition of Lexington Park, MD-based Spalding Consulting, a provider of software development, information technology (IT), and engineering services to the defense industry. This strategic acquisition, valued at over $75 million, will grow Saalex’s annual revenues to over $175 million, making it a formidable player in the aerospace and defense market.
The addition of Spalding’s more than 430 professionals will increase the Saalex employee base to over 1,200 nationwide. Furthermore, this acquisition provides Saalex with an immediate East Coast presence near a key customer at the Naval Air Warfare Center Aircraft Division (NAWCAD) Patuxent River base. Spalding will operate as a wholly owned subsidiary of Saalex, with the executive leadership remaining in place during the transition.
“At Saalex, we are continually exploring avenues for inorganic growth to complement our strong proposal capabilities. The acquisition of Spalding Consulting aligns seamlessly with our expansion objectives,” said Travis Mack, chairman and CEO of Saalex. “It allows us to grow our largest customer base, gain access to additional federal agencies, and enhances our software-development services. This move is a clear testament to our commitment to providing outstanding, authentic support to our customers.”
“Joining forces with Saalex represents a significant milestone for us. We share a common vision of innovation and excellence in serving the nation’s defense needs,” said Barry Spalding, founder and CEO of Spalding Consulting. “This integration will enable us to leverage our combined strengths and deliver superior value to our federal clients.”
Source: Saalex
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