IAP Worldwide Services, Inc. announces the acquisition of two business units from DRS Technologies, Inc.
IAP on Times Square, November 5th 2015
IAP Worldwide Services, Inc. (IAP) has acquired DRS Technologies, Inc.’s (DRS) Aviation and Logistics business located in Oklahoma City, OK (A&L), and the Tactical Communications & Network Solutions business (TCNS) located in Aberdeen Proving Ground, MD. A&L provides aircraft repair management, logistics and mission support services, and TCNS provides engineering, information technology, and communications support solutions to the U.S. Department of Defense and other agencies. IAP will integrate the unique capabilities and talent of the acquired A&L and TCNS businesses as part of its long-term growth strategy.
The acquisition will increase the capabilities that IAP delivers to customers worldwide and will more than double the size of IAP’s addressable market. The acquired businesses are being integrated into a new unit – Aviation & Engineering Solutions – and IAP’s existing National Security Programs unit. “The addition of these aviation, communication and networking technologies businesses from DRS are a natural fit for IAP, expanding our portfolio of services and solutions to U.S. and international government agencies and organizations,” said Doug Kitani, CEO of IAP Worldwide Services, Inc.
“We established a strategy earlier this year based on organic growth through customer-focused discipline, lean operations, and innovation in our core government services segment, and inorganic growth realized by acquiring and integrating companies that complement our core business. The acquisition demonstrates the support of our investors and board, and our company’s long-term commitment to serving its government customers,” Kitani added.
