HIG Capital to exit Whitney, Bradley & Brown to Serco
February 17, 2021
UK outsourcing group Serco has agreed to acquire US defense consultancy Whitney, Bradley & Brown from HIG Capital for $295 million. The deal is intended to bolster Serco's North American defense business. HIG acquired the company via an affiliate in 2017. WBB, which provides technical and engineering services to the US military, is expected to generate revenue of around $230 million in 2021.