Serco Acquires Whitney, Bradley & Brown (WBB) from H.I.G. Capital

April 26, 2021

Serco Group plc has agreed to acquire Whitney, Bradley & Brown, Inc. (WBB), a U.S. defence advisory, engineering and technical services provider, from an affiliate of H.I.G. Capital for $295 million. The acquisition — expected to close in Q2 2021 and funded through existing debt facilities — adds roughly 1,000 employees and data-analytics, cyber and systems-engineering capabilities to Serco’s North American defence platform and is immediately accretive to earnings.

Buyers
Serco Group plc (Serco Inc.)
Targets
Whitney, Bradley & Brown, Inc. (WBB)
Sellers
H.I.G. Capital (affiliate)
Location
Virginia, United States
Transaction Type
Buyout

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