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M&A action: three SE firms in acquisition deals

June 29th, 2010

Salient SolutionsSOUTHEAST – Salient Federal Solutions of Fairfax, VA, information technology and engineering solutions company, founded in partnership with Frontenac Co., a private investment firm, has acquired SGIS, a federal government contracting firm, from Skillstorm. The firm says the acquisition supports the company’s aggressive growth plans to build a world-class federal IT and engineering solutions company.

Financial details were not disclosed.

San Diego, CA-based SGIS provides innovative technology-focused services and solutions in the following areas: information technology solutions, intelligence solutions, engineering, training and logistics services, and cyber security solutions with its primary focus on the intelligence community and Department of Defense markets.

Lifeforce Cryobank Sciences aquires assets of Cryobanks International

ALTAMONTE SPRINGS, FL – Lifeforce Cryobank Sciences Inc., a Delaware based corporation founded in 2009, has obtained the assets of Cryobanks International Inc., an umbilical cord blood and stem cell technology company located in Altamonte Springs, FL, and will continue all stem cell related operations at that location as Lifeforce Cryobanks, a Division of Lifeforce Cryobank Sciences Inc. Financial details of the deal were not disclosed.

Growth Technologies International buys BulovaTech Labs

TAMPA, FL – Growth Technologies International, Inc. (Pink Sheets:GRWT), has closed on its acquisition of BulovaTech Labs from Bulova Technologies Group. No financial details were disclosed.

Growth Technologies International Inc. focuses on disruptive technologies in the fields of defense, alternative energy, alternative healthcare, healthcare information, and construction and building materials.

In connection with the LABS acquisition agreement, the Company granted Bulova Technologies Group, Inc. a first right of refusal with respect to defense technologies.

The technologies are concentrated in the following fields:
Defense
Alternative Energy
Alternative Healthcare
Healthcare Information
Construction and Building Materials.

 

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