Peraton Corp. is selling off a business unit, an unusual move in what’s been an extremely acquisitive year for the federal contractor.
The Herndon information technology services company has sold its systems engineering, integration and support services business, it said Thursday. While terms were not disclosed, the business, which Peraton refers to as the “SES business,” isn’t going far. The buyer is CTFV Acquisition Corp., a portfolio company of The Veritas Capital Vantage Fund LP; Veritas is also Peraton’s private equity parent.
The SES business will become a standalone company with a new name and identity. It will be led by Damian DiPippa, most recently president of Peraton’s systems engineering business, the company said in a statement. DiPippa assumed that role in April after serving as vice president and general manager of Perspecta’s intelligence group.
“The separation of the SES Business and Peraton enables each company to independently focus its core capabilities…
Read the full story from the Washington Business Journal.
