DynCorp International [DCP] yesterday said it has acquired international development firm Casals & Associates, which helps achieve U.S. foreign policy and international development priorities, bolstering its service offerings and customer base.
Terms of the deal were not disclosed.
Casals helps with the development of stable and democratic governments, implements anti-corruption initiatives, and aids the growth of democratic public and civil institutions. DynCorp said the deal is complementary and bolsters its expansion into the international development arena. Casals’ expertise in anti-corruption and democratic governance adds new capabilities to DynCorp, helping to align it with smart power initiatives.
“This acquisition addresses our goal of creating value through continued growth and business diversification, and furthers our alignment with the Obama administration’s emphasis on the application of ‘smart power’ to global challenges,” William Ballhaus, DynCorp’s president and CEO, said in a statement. “We support defense, diplomacy, and development initiatives around the globe. Adding Casals’ talent and well-deserved reputation for excellence in building the rule of law, supporting democratic governance and fighting corruption will expand the breadth of our services offerings in international development.”
Casals, which is based in Northern Virginia, has supported the U.S. Agency for International Development (USAID) for more than two decades. While Casals contracts with a number of international organizations, USAID is its main customer and represents a new customer for DynCorp.
DynCorp does a lot of police training for security and community stability. The company is also involved in de-mining efforts. About half of its sales are coming from work in Iraq and Afghanistan.
In addition to expanding its service capabilities and customer base, Casals has a lot of work in Latin America and Africa, which will expand DynCorp’s geographic footprint.
Casals has between 150 and 200 employees, depending on its contracts at a given time. It will be integrated within DynCorp’s Global Stabilization and Development Solutions division. DynCorp said the deal will not materially impact its revenues or earnings in its fourth quarter, which ends in March.