Saalex Corp., an engineering and informational technology services firm, is expanding its influence in the defense sector.
According to a news release, the company has acquired Spalding Consulting — a software development, information technology (IT), and engineering services provider in the defense sector — for $75 million. The move is expected to accelerate Saalex Corp.’s annual revenue, which is now projected to be more than $175 million.
“We’re starting off 2024 with great success,” Travis Mack, chairman and CEO of Saalex, said on LinkedIn.
The acquisition brings significant rewards for Saalex, per the press release, as the company is now poised to see expansion and increase opportunity in the sector through Spalding’s clientele and 430 trained professionals boosting its number of employees to more than 1,200 across the United States.
Additionally, Saalex’s visibility will increase in the East Coast region as it will be serving a key customer located at the Naval Air Warfare Center Aircraft Division (NAWCAD) Patuxent River Base in Maryland.
“At Saalex, we are continually exploring avenues for inorganic growth to complement our strong proposal capabilities. The acquisition of Spalding Consulting aligns seamlessly with our expansion objectives,” Mack said. “It allows us to grow our largest customer base, gain access to additional federal agencies, and enhances our software-development services. This move is a clear testament to our commitment to providing outstanding, authentic support to our customers.”
Barry Spalding, founder and CEO of Spalding Consulting, said in a statement: “Joining forces with Saalex represents a significant milestone for us. We share a common vision of innovation and excellence in serving the nation’s defense needs. This integration will enable us to leverage our combined strengths and deliver superior value to our federal clients.”
Spalding’s operations will now be a subsidiary under the management of Saalex, and the former’s executive leadership will transition to new ownership while maintaining their current roles.