"We are looking forward to welcoming Oberon to Stanley," said Phil Nolan, Stanley's chairman, president and CEO. "This transaction is consistent with Stanley's growth strategy that calls for the development of new customers, contract vehicles and service offerings via mergers and acquisitions. In addition, it reinforces Stanley's strategy of expanding our presence in key markets positively impacted by the Base Realignment and Closure process. Oberon complements our commitment to delivering the highest quality of support for our customers' mission-essential programs and fostering an employee- focused culture. We also believe this acquisition will provide meaningful cross-selling opportunities as we seek to continue our strong record of organic growth."
"We are excited about the opportunity to bring a new, but complementary, set of customers and technical expertise to Stanley," said Jodi L. Johnson and David L. Young, co-founders of Oberon. "We are also very optimistic that the transition will be a smooth one because of our similar cultures and a mutual urgency to ensure customer satisfaction."
KippsDeSanto & Co. is acting as exclusive financial advisor to Oberon in this transaction.
Stanley management will conduct a conference call today at 5:00 pm EDT
to discuss the Oberon transaction. To obtain the dial-in number, please
contact Rashida Gofney at (703) 310-3209. The conference call will be
broadcast simultaneously on the Investor Relations page of Stanley's
website, http://www.stanleyassociates.com. Investors are advised to log on
to the website at least 15 minutes prior to the call to register, download
and install any necessary audio software. An archive of the webcast will be
available for one week followi
|SOURCE Stanley, Inc.|
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