PAE to purchase Loudoun-based federal contracting powerhouse FCi Federal
FCi Federal was founded by chairwoman Sharon D. Virts and is described as one of the fastest-growing government services firms in the industry, providing professional, administrative and technical services to federal agencies and operating in more than 40 states and territories.
Nearly 5,000 employees work for FCi Federal, managing government programs ranging from operating large production centers to providing integrated mission support services for geographically distributed operations.
The transaction is subject to regulatory approval and is expected to close within 45 business days, after which FCi would become a business unit of PAE.
PAE is a portfolio company of Platinum Equity, which acquired the firm in 2016. PAE supports the execution of “complex and critical missions” by providing global logistics and stability operations, technical services and national security solutions to customers around the world. It has approximately 15,000 employees in over 60 countries on all seven continents and is headquartered in Arlington.
PAE CEO John Heller said he views the FCi acquisition as a perfect fit with PAE’s strategy to expand and deepen its portfolio of services that support the essential missions of the U.S. government, its allied partners and other international organizations.
Virts said she believed the sale to PAE was the best move for FCi.
“Today’s announcement is the right path to position FCi Federal for continued phenomenal growth,” said Virts. “Since founding FCi in 1991, we have been committed to providing high quality service that differentiates us from competitors while placing a premium on taking care of our employees. That commitment will remain steadfast as we continue to catapult our competitive positioning for the future.”
Following the closure of the deal, FCi Federal, as a business unit of PAE, will continue to operate from its current headquarters office in Ashburn.
Be the first to post a comment!
Post a commentCommenting is not available in this channel entry.
Comments express only the views of the author and do not necessarily reflect the views of this website or any associated person or entity. Any user who believes a message is objectionable can contact us at [email protected].
- EDITORIAL: In Loudoun, an identity-defining choice depends on who makes the rules
- Loudoun Democrats plan protest against Perdue visit to Leesburg school
- Governor says he’s restored voting rights to 156,000
- Leesburg-based band taking the region’s music scene by storm
- U.S. Secretary of Agriculture to sign new rule during Leesburg visit
|The Loudoun Times-Mirror
is an interactive, digital replica
of the printed newspaper.Click here for all e-editions.