Quantech Services this week completed its acquisition of the systems engineering and technical assistance (SETA) business unit from KEYW Corp. [KEYW], giving it a niche in the intelligence community.
Quantech acquired KEYW’s SETA business for $12 million.
KEYW divested its SETA business after a strategic review determined the growth potential of its core business and the SETA business could be maximized if separated.
“As part of an ongoing strategic review of our business, we have always had a strategic goal to move our corporate capability in to the intelligence community,” Jim Monopoli, president and CEO of Quantech, said in a statement. “We found the KEYW corporate values are very similar in nature to Quantech and this business unit aligned directly with our core capabilities and corporate goals.”
The SETA business has 50 employees.
KEYW’s financial adviser on the deal was Bluestone Capital Partners and Quantech was advised by Rock Hall Partners.
KEYW is also exploring strategic alternatives for its commercial cyber security business.