Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery: 10.16.2014
    Netflix, eBay and Mattel all fall in the wake of their latest earnings reports.
  • MarketFoolery 10.15.2014
    Intel reports its highest quarterly revenue ever and shares still fall.  Macy’s makes the first move on Black Friday sales.  Plus we analyze the pros and cons of animated holiday TV specials.
  • MarketFoolery: 10.14.2014
    Johnson & Johnson and Domino’s Pizza both reported better-than-expected 3rd-quarter results, but only one stock is hitting a new all-time high.  Plus we discuss the outlook for housing-related stocks, the Berkshire Hathaway brand name, and Zillow’s TV ads.
Capital Business
Posted at 10:36 AM ET, 02/21/2012

Salient Federal Solutions to buy ATS Corp.

Salient Federal Solutions, the Fairfax-based contracting company founded by Brad Antle, said Tuesday it plans to buy ATS Corp, the McLean firm chaired by Edward H. Bersoff.

Salient is acquiring ATS for $3.20 per share, the companies said in a press release Tuesday.

Antle founded Salient with backing from Frontenac, the same investment firm that backed SI International, a company Antle sold to the North American arm of Serco Group of Britain in 2008. Salient has been growing and previously purchased San Diego-based information technology firm SGIS and Alexandria-based IT firm Command Information.

ATS Corp. has had its share of recent difficulties. Bersoff stepped down as chief executive at the end of 2010, and Sidney E. Fuchs, named the new chief executive, quickly left after ATS announced it would pursue strategic alternatives, including a potential sale.

ATS announced Tuesday that its 2011 revenue dropped 21.7 percent in 2011, to $91 million. Its profit for the year dropped 37.1 percent to $4.46 million (19 cents per share).

By  |  10:36 AM ET, 02/21/2012

 
Read what others are saying
     

    © 2011 The Washington Post Company