SOSi completes acquisition of STG Group
SOS International LLC (SOSi) of Reston, VA announced on April 11 the acquisition of STG Group Holdings, Inc.
The acquisition expands SOSi’s current contract and customer base and adds new, technical capabilities in cyber security, information assurance, software development, and data analytics to its portfolio. STG is SOSi’s third and largest acquisition since 2016, and the two companies, together, employ 1,300 employees worldwide.
“SOSi and STG have thirty-year legacies serving the national security community. We have complementary missions, customers and competencies” said Julian Setian, SOSi president and CEO. “Our goal is to be the leading middle-market company in the federal technology services sector, differentiated by our private ownership structure and mission focus.”
“The STG team serves critical national security and government missions on a daily basis. STG’s dedicated professionals will continue to build on that legacy alongside their SOSi colleagues,” said Phil Lacombe, president and CEO of STG.
Cowen served as SOSi’s exclusive financial advisor and Holland & Knight acted as legal counsel. Raymond James & Associates, Inc. served as STG’s exclusive financial advisor and Pillsbury Winthrop Shaw Pittman LLP acted as legal counsel.