The Resolute Fund II, an affiliate of The Jordan Company, has acquired VT Services, Inc (VT) from Babcock International Group Plc (Babcock), a UK based engineering services firm. Financial terms of the transaction have not been disclosed.
VT is a provider of engineering and logistics services primarily in support of mission critical systems, logistics and operational readiness and platform sustainment initiatives for US Department of Defense customers. VT is a wholly-owned, but independently run, subsidiary of Babcock.
“VT has strong, long term customer relationships and a base of prime contracts with the U.S. Army and Navy.” says Jonathan F Boucher, Managing Principal, The Jordan Company. “We look forward to partnering with the VT leadership team to continue building this company organically and through acquisitions within the government services market.”
“We are very excited to partner with The Jordan Company and under The Jordan Company’s ownership, VT is poised for growth and to continue providing unwavering support of our customers mission critical needs.” says David J Dacquino, CEO.
Mayer Brown LLP acted as legal advisor to The Jordan Company.