Two weeks into the new year and already there is a vibrant flow of acquisitions and business deals happening around the National Capital region, showing the vitality of sectors that we at Corporate Growth, Capital Style think will be exciting industries to watch this year.
In this edition of the National Capital Dealbook, we take a moment to highlight some of the acquisitions and headlines that illustrate the varied opportunities that are going to be available to corporate growth professionals this year.
Chapter sponsor BDO continues to integrate itself into the National Capital region with the acquisition of Biegel Waller, which specializes in wealth management for high-net worth individuals and tax consulting. The deal expands its existing presence here and shows that our region remains an area of focus in its growth strategy.
Nor is BDO the only accounting firm that is making their expanding into our metropolitan region like this. Sikich, a Chicago-based accounting and consulting firm, bought Halt, Buzas & Powell (HBP), one of Washingtonian’s Top 25 CPA firms, in late December. With HBP’s specialty in the nonprofit and government contracting spheres, the acquisition gives Sikich access to a key niche in the National Capital market.
As a reminder of how vibrant the Washington technology sector is, McLean-based firm KLDiscovery (KLD), which has already completed at least three other acquisitions in the past year, just announced Wednesday that it had acquired a fourth firm, Superior Document Services, Inc. (SDS).
KLD’s and SDS’s service offerings, both of which involve applying data processing solutions to electronic discovery applications, expands on what last month’s Washington Technology Showcase showed us about the depth and variety of technology applications that are being developed in the National Capital area.
Continuing to show its technical ability in the government contracting sphere, and again showcasing the work that DC-area technologists are doing, Perspecta and its partner PRA Health Sciences launched a modernized tool set that will support the Department of Veterans Affairs’ Million Veteran Program, a national, voluntary research program that aims to study how genes affect the individual’s health by building a record of blood samples and other health information from over a million veterans, which would make it one of the world’s largest medical databases.
Parsons Corporation announced that it had won a role on a $427 million indefinite delivery/indefinite quantity contract from the Air Force Research Laboratory. A recompete contract, the award continues a 20 year relationship between the Air Force and Parsons on the project.
Just as importantly, the announcement adds concrete affirmation of the company’s growth and acquisition plan, which is geared towards providing the military with what it needs to fight next-generation, multi-domain warfare, and that CEO Charles Harrington discussed at last October’s monthly chapter meeting.