Evergreen Advisors Capital, a middle-market investment bank, announced today that it advised QED Systems, LLC, a Maryland-based defense firm, on its sale to Peerless Technologies Corporation, a leading government services and mission engineering provider.
Steve Prichett, Head of Evergreen Advisors Capital, shared, “We’re proud to have partnered with QED Systems throughout this process. We appreciate the trust they placed in our team and are pleased to support a transaction that positions both organizations for continued success.”
The acquisition blends Peerless’ extensive Air Force, Navy and NASA customer base with QED’s wide-ranging Army portfolio. The deal also makes Peerless one of the largest defense contractors headquartered in the Dayton area, with almost 700 employees in 29 states. QED will operate as a wholly owned subsidiary of Peerless.
“Together, Peerless and QED offer expanded capabilities and stronger mission support to our warfighters,” said Peerless President Andrea Kunk. “Both companies have decades of highly regarded experience ranging from service and support to systems engineering, research, and development, and test and evaluation.”
With Peerless offering deep experience in mission engineering, modeling and simulation, electromagnetic spectrum mission software and more, and QED’s extensive history with Army cyber and systems engineering, both companies will benefit from broader expertise and deeper technical capabilities, Kunk added.
Headquartered at Aberdeen Proving Ground in Maryland, QED is a dedicated partner in advancing the Army’s command, control, communications, computers, and cyber intelligence, surveillance, and reconnaissance mission focusing on systems engineering, program management, logistics, operations, finance & budget; services with specific expertise in Army intelligence processing, exploitation & dissemination; position, navigation & timing; force protection, and a variety of RDT&E analytics.
“Peerless brings a corporate culture of leadership, business integrity, and customer support representing an ideal fit for QED’s next 20 years and beyond,” said Mark Berry, QED’s founder and current managing partner. “It is comforting for me to know that the professionalism and expertise that has become the QED hallmark is deeply engrained in Peerless’ management team. Combined, QED and Peerless will continue that proud tradition.”
Securities transactions conducted through Evergreen Advisors Capital/Member FINRA/SIPC
