11/28/2017 | Press release | Distributed by Public on 11/28/2017 15:48
Washington, November 28, 2017: Novume Solutions, Inc., a holding company of leading professional services firms, entered into a definitive agreement effective November 16, 2017, under which Novume will acquire NeoSystems Corp. for cash, Novume restricted stock, and Novume's assumption of certain NeoSystems' liabilities.
NeoSystems is a privately held, Tysons Corner, Va.-based company that provides professional services and technology solutions that deliver strategic back-office support to more than 700 government contractors, trade associations, and nonprofit organizations. Upon closing of the acquisition, NeoSystems will become a wholly owned subsidiary of Novume.
Novume has made several strategic acquisitions of professional services firms in and around the government contracting industry over the past three years, as the company expands in the government contracting outsourced services business.
Crowell & Moring represented Novume in this transaction. The firm team was led by partners Stephen McBrady and Morris DeFeo, and partners Jennifer Ray and David McFarlane; senior counsel Scott Lessne; and associates Jonathan Nesher and Kevin Silk.
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