Preferred Systems Solutions (PSS) announced that it has acquired Leesburg, Virginia-based GSM Consulting. According to GSM's website, the company's 70+ employees provide software development, systems engineering, infrastructure, and network engineering services to Federal Government agencies and Fortune 500 companies. We estimate that the company has annual revenues of $10-$12M. According to the press release, "The acquisition of GSM strengthens PSS’s position as a leading edge provider of high-end software, cyber, and mobile solutions to the Intelligence Community."
PSS is a portfolio company of CM Equity Partners. Aronson Capital Partners advised GSM on the transaction. Deal terms were not disclosed.
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