ManTech to acquire McDonald Bradley for $76.5 million

FAIRFAX, Va., 19 Nov. 2007.ManTech International Corp. has signed a definitive agreement to acquire McDonald Bradley Inc. (MBI) for $76.5 million in cash. MBI is a secure information sharing and IT solutions provider to the federal government with a focus on the Department of Defense (DOD), Intelligence Community, and Homeland Security markets.

More than 60 percent of the company's revenue is derived from DOD, Intelligence, and Your Link NameHomeland Security markets with the Defense Intelligence Agency (DIA) as its largest customer.

The company is a prime contractor on the Department of Homeland Security's (DHS) EAGLE contract and expects to deliver over $50 million in revenue in 2007, with strong operating margins and solid growth prospects into 2008 and beyond.

The acquisition is expected to be completed by the end of 2007.