MacB Acquires Gray Research
MacAulay Brown, Inc. (MacB), a provider of technical services in information warfare, electronic combat and C4I systems, and management/logistics services to the U.S. Federal Government, announced on July 15th, 2008 that it has acquired Gray Research, Inc. Gray Research is a leading provider of engineering and business solutions to the Department of Defense, Missile Defense Agency, and NASA customers.
Founded in 1998, Gray Research delivers systems engineering and technical assistance and program management services in support of missile defense system and space exploration and science programs, directorates and program offices. The Company supports mission critical national defense organizations and technologies, primarily within the Missile Defense Agency, such as the Missile Defense Data Center, the Ground-Based Mid-Course Defense System and the Theater High Altitude Area Defense System. The Company also supports priority space exploration programs at NASA’s Marshall Space Flight Center, such as the development and engineering of the Crew Exploration Vehicle and Crew Launch Vehicle and associated cutting edge science and space mission systems technologies. Gray Research is headquartered in Huntsville, AL, and has more than 175 employees. “We are looking forward to merging forces with Gray Research and welcoming its highly talented professionals into the MacB team,” said Charlie Schwegman, MacB’s President. “This transaction is consistent with MacB’s growth strategy that calls for expanding our customer relationships and the technical depth and breadth to support them. In addition, Gray Research immediately enhances the critical mass of MacB’s local presence in Huntsville, AL — a robust contracting community for both the DoD and NASA with an even more attractive outlook given the expected results of the Base Realignment and Closure (BRAC) process. We also believe this acquisition will facilitate meaningful cross-selling opportunities and the exchange of operational best practices as we seek to continue our strong record of growth.” “MacB is an exceptional fit for Gray Research,” said Ron Gray, President and co-founder of Gray Research. “We firmly believe that MacB’s relatively small size, technical capabilities, and aggressive recruiting and business development infrastructure makes them the perfect partner for us as we prepare for continued success for many years to come.”
Gray Research will operate as a subsidiary of MacB. MacB is headquartered in Dayton, OH, with offices in 15 locations and 1200 employees across the nation. With the addition of Gray Research, MacB’s 2008 revenues will exceed $200M and are expected to reach $250M in 2009.