STG Group Inc. announced that it has agreed to acquire Preferred Systems Solutions Inc. (PSS) in a deal worth $119 million. PSS is owned by CM Equity Partners. The acquisition, which is expected to closing during the first quarter of 2017, will be financed using a combination of debt and equity financing. PSS provides advanced computing, analytics, program and acquisition management, cyber and software solutions to over 25 government agencies including defense and Intelligence Community clients. STG is advised by Sagent Advisors.
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