VTG on Thursday said it acquired Intelligent Shift, a small company that enhances its digital transformation capabilities and gives it an entrée into the intelligence community.
Terms of the deal were not disclosed. Intelligent Shift adds 100 employees to VTG, which now has about 1,300 personnel. VTG expects to end this year with about 1,500 employees, the company said.
“This acquisition represents the next chapter in the strategic transformation of VTG,” John Hassoun, president and CEO of VTG, said in a statement. “Intelligent Shift brings unique technical expertise that positions us to deliver a more differentiated suite of engineering and digital solutions to a customer base that now spans the defense enterprise and the intelligence community.”
VTG’s current customers span the armed services and defense agencies and some of its largest programs are with the Naval Sea, Air and Information Warfare Systems Commands. The Department of Homeland Security, including the Coast Guard, NASA and Department of Justice are also some of its legacy customers.
VTG, which is based in Northern Virginia, provides life-cycle engineering for naval, aerospace, network and digital requirements in the sea, air, land and cyberspace domains.
Intelligent Shift, which is also based in Northern Virginia, will continue to be led by its founders and operate as the intelligence community services component of VTG’s new National Security Solutions segment. The segment is led by Kirk Herdman, who previously was executive vice president for Business and Corporate Development for KeyW Corp. before its sale to Jacobs Corp. [J] in June 2019.
VTG is a portfolio company of the private equity firm The Jordan Company. Intelligent Shift is the third acquisition by VTG dating back to 2019 as part of The Jordan Company.
VTG plans to continue to pursue mergers and acquisitions as it transforms its growth to serve its current national security customers and expand its presence in the intelligence community, the company said.
VTG expects to generate about $250 million in sales in 2021, including revenue from Intelligent Shift.