CACI to buy Advanced Programs Group

Thu, 09/22/2011 - 12:05pm
The Associated Press

Government information technology contractor CACI International Inc. said Thursday that it signed an agreement to acquire consulting company Advanced Programs Group LLC for an undisclosed amount.

CACI said the deal is expected to close by Oct. 1 and should be accretive to its earnings per share in the first 12 months.

Advanced Programs, which has 110 employees and is based in Reston, Va., provides technology consulting to the federal government. Its revenue last year was $41.9 million.

The company's clients include the National Institutes of Health and the Department of the Interior's National Business Center, which is a service center that provides financial systems for multiple government agencies.

Shares of CACI, based in Arlington, Va., were down $1.63, or 3 percent, at $47.32.


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.