Private equity firm Thoma Bravo has acquired government contractor Deltek for $1.1 billion all-cash transaction.
Deltek leadership will remain in place at the Herndon, Va.-based company. Deltek's stockholders will receive $13 in cash for each share of Deltek stock.
But what will this mean for the contracting community in general? Kevin Parker is the President and CEO of Deltek. He told Chris Dorobek on the DorobekINSIDER program why this acquisition matters.
"After the acquisition customers will see little difference," said Parker.
Why it matters?
- Thoma Bravo is a private equity firm with a reputation for growing companies
- It was a good time to leave Good Mountain Capital. Parker says, "they took us a long way but it was time for them to move on."
"We stay competitive because we listen very closely to our customers. We are very in-tune with their needs," said Parker.
In 2010, Deltek acquired Input, a market research firm, for $60 million, and a year later acquired Input's main competitor, Fedsources and the Washington Management Group. Kevin Parker is the President and CEO of Deltek.