MCLEAN, VA, May 4, 2010 – Trowbridge & Trowbridge, LLC (T&T) announced today that it acquired Altech Services, Inc. (Altech). The terms of the transaction were not disclosed. The law firm of Pillsbury Winthrop Shaw Pittman LLP acted as transaction advisors to T&T.
In Altech, T&T has found a partner that diversifies and expands its capabilities and customer base. “We are very excited about merging our operations,” said Karen Trowbridge, President and CEO and founder of T&T. “This is an important addition to T&T’s business portfolio as we continue to focus on growing the company and expanding our service offering to our customers.”
The acquisition of Altech is expected to increase T&T’s annual revenues to approximately $32 million and the number of employees to over 300. It will also expand its capabilities and customer base to include the U.S. Army, U.S. Air Force and the Department of Labor.
Altech, based in Oklahoma City, has over 17 years of experience supporting Department of Defense (DOD) IT and telecommunications systems across the country.
T&T is a woman-owned and managed small business providing premier information technology (IT), telecommunications, and management consulting services to the federal government. Its customers include the National Institutes of Health and Department of Energy.
For more information, contact Karen Trowbridge at 571-499-4150 x2301 or firstname.lastname@example.org.