:

Business/Financial

ERC To Acquire Oasis Systems, Adding Scale

By Cal Biesecker

Thursday, April 14th, 2022

SHARE:

ERC To Acquire Oasis Systems, Adding Scale

Tom Colatosti, chairman of Oasis Systems, will lead ERC-Oasis. Photo: Oasis Systems

The private equity firm Brightstar Capital Partners on Wednesday said its portfolio company ERC, LLC, has agreed to acquire Oasis Systems, LLC, in a deal that adds significant scale, technology expertise and customers in the federal space. Terms of the deal, which is expected to close during the second quarter, were not disclosed. ERC, which is based in Alabama and acquired by Brightstar in 2021 in partnership with the company’s owner and senior management, provides engineering and consulting services to…

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]

Congress

HASC’s FY ‘27 NDAA Adds More Black Hawks, Chinooks For Army, No Plus-Up For Apaches

The House Armed Services Committee’s (HASC) draft of the next defense policy bill supports hundreds of millions dollars for the Army to buy additional Black Hawk and Chinook helicopters in […]

Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

The House Armed Services Committee (HASC) on Tuesday unveiled its $1.15 trillion draft of the next defense policy bill, aligning with the White House’s requested discretionary topline while not including […]

Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]