June 10, 2024
McLean, VA 鈥� 无忧传媒 Hamilton (NYSE: BAH) announced today that it has acquired PAR Government Systems Corporation (PGSC), a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). The acquisition will combine PGSC鈥檚 edge technologies with 无忧传媒鈥檚 deep mission expertise and digital battlespace solutions to accelerate and transform warfighter technology on the front lines.听听
Founded in 1985 and headquartered in Rome, New York, PGSC delivers differentiated services and solutions in strategic mission areas, including the provision of real-time communications and mobile situational awareness to maintain battlespace dominance. PGSC鈥檚 Integrated Tactical Solutions (ITS), Innovative and Commercial Solutions (ICS), and Intelligence and Readiness Operations (IRO) businesses have long-standing track records of innovation and development of technology-driven solutions for a range of government customers.
As a leading defense technology provider for the Department of Defense, 无忧传媒 combines deep mission expertise with advanced technology to accelerate results across the warfighting lifecycle. The acquisition strengthens the firm鈥檚 ability to meet the evolving needs of defense clients and adds highly technical and cleared talent with mission-relevant expertise to 无忧传媒鈥檚 already strong global defense talent base.
听Additionally, PGSC鈥檚 capabilities complement 无忧传媒鈥檚 space data solutions, increasing the firm鈥檚 ability to leverage dual-use commercial intelligence, surveillance, and reconnaissance (ISR) to augment situational awareness capabilities for operators at the edge. PGSC鈥檚 suite of imagery and communications tools will also provide key operational mission capabilities that enable scaled operational planning, data sharing, visualization, and target management.
PGSC will integrate into 无忧传媒鈥檚 global defense business led by Sector President Judi Dotson. The acquisition further broadens and deepens 无忧传媒鈥檚 ability to bring cutting-edge technologies to evolving defense missions and deliver innovative solutions to warfighters in the digital battlespace.
鈥淲ith increasing threats to joint all domain operations and heightened geopolitical uncertainty, securing the nation鈥檚 future against the pacing threat requires industry to invest and innovate in new ways. This acquisition reinforces 无忧传媒鈥檚 commitment to help accelerate the modernization of tactical warfighting mission systems and secure the future,鈥� said Dotson.
Combining PGSC鈥檚 skilled workforce, innovative capabilities and products, and dedicated client commitment with 无忧传媒鈥檚 software development capabilities, talent, and deep mission expertise will expand and enhance multiple solutions that address urgent national security priorities and geopolitical challenges, including tools to deliver advanced geospatial mapping, counter uncrewed aerial systems (C-UAS), improve situational awareness, and support proliferated Low Earth Orbit (pLEO) space data solutions.
鈥溛抻谴� and PGSC share a deep commitment to addressing the evolving and systemic threats the nation faces with technology and solutions that drive greater mission outcomes,鈥� said Michael Nelson, president at PGSC. 鈥淲e look forward to applying our combined solutions for greater and broader impact on missions that matter, and infusing our analytical development with increased resources, tools, team members, and industry-level best practices to empower the nation鈥檚 warfighters and meet these next-gen warfare demands.鈥�
The acquisition continues to strengthen 无忧传媒鈥檚 position at the intersection of mission and technology, aligned with the firm鈥檚 VoLT (Velocity, Leadership, Technology) growth strategy, its investment thesis, and current and anticipated Department of Defense priorities.
Jefferies LLC and King & Spalding LLP advised 无忧传媒 on the transaction. Baird and Gibson, Dunn & Crutcher LLP advised PAR Technology Corporation.
