AMS to acquire defense and Intel services firm, Vredenburg acquisition intensifies AMS commitment to national security, brings new customers.(American Management Systems )

Federal Computer Market Report, July, 2003

American Management Systems (NASDAQ:AMSY), a global business and IT consulting firm, recently announced that it has signed a definitive agreement to purchase the equity of privately owned R.M. Vredenburg & Co., a leading provider of professional and technical services to the Department of Defense (DoD) and U.S. Intelligence communities, for approximately $42 million in cash. The agreement also includes the assumption of approximately $2.7 million in debt, up to $4 million in performance-based earnout payments, and management retention agreements of up to $4.3 million. The purchase price will be finalized as of the closing date and is subject to potential adjustment.

Once completed, the acquisition will add approximately $60 million in annual revenues to AMS,...

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