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Business/Financial

STG Group To Acquire Preferred Systems Solutions

By Cal Biesecker

Tuesday, February 21st, 2017

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STG Group To Acquire Preferred Systems Solutions

Phil Lacombe, president and chief operating officer of STG Group. Photo: STG Group.

STG Group on Tuesday said it has agreed to acquire Preferred Systems Solutions (PSS) in a $119 million deal adding new capabilities and customers.STG said it is financing the deal through a combination of debt and equity financing. The acquisition is expected to close during the first quarter subject to regulatory approval.PSS’s core capabilities are in advanced computing, analytics, program and acquisition management, and cyber and software solutions. The company provides STG with new customers in the Departments of Homeland…

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