Castellum, Inc. Acquires Global Technologies Management Resources (GTMR)
March 23, 2023
Castellum, Inc. (NYSE-American: CTM) has closed its acquisition of Global Technologies Management Resources, Inc. (GTMR), a government contractor based in Hollywood, Maryland, adding roughly $10 million of revenue and about 60 employees. The transaction is structured as a tax-free reorganization with a majority of the consideration in Castellum restricted common stock and is immediately accretive to Castellum's financial metrics while expanding its electronic warfare and cybersecurity capabilities near NAS Patuxent River.
- Buyers
- Castellum, Inc.
- Targets
- Global Technologies Management Resources, Inc. (GTMR)
- Industry
- Aerospace & Defense
- Location
- Maryland, United States
- Transaction Type
- Buyout
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