Aronson Capital Partners, LLC, (“ACP”) merger and acquisition advisors to the federal information technology and professional services industry, announced today that it completed the sale of Darlington, Inc. to EDO Corporation (NYSE: EDO). ACP initiated and structured this transaction on behalf of Darlington.
“The current market environment provides a unique opportunity to maximize shareholder value for smaller, niche companies serving intelligence, homeland security, and defense clients,” commented Aronson Capital Partners President Larry Davis. “The pace of consolidation continues to be brisk in these markets as owners of well-positioned companies elect to take advantage of this attractive market window.”
The EDO-Darlington transaction marks the third transaction completed in this market sector by ACP since September. Earlier this year, ACP completed the sale of Remtech Services, Inc. to SCB Computer Technology, Inc as well as the acquisition of CCI, Inc. by Stanley Associates.