NexTech Solutions (NTS) has entered into an agreement to acquire 100% of the issued and outstanding shares of common stock of Rome Research Corporation (RRC), with an expected close by the end of Q2, 2024. NTS provides mission-focused solutions with cutting-edge technology, systems engineering, testing and evaluation, software, and subject matter experts to support U.S. DoD missions.
PAR Technology Corporation (NYSE: PAR), a global restaurant technology company providing unified commerce solutions for enterprise foodservice, announced today that it has agreed to the sale of its Government operating segment via the sale of its wholly owned subsidiaries: PAR Government Systems Corporation (PGSC) and Rome Research Corporation (RRC) for a combined total of $102 million.
“NTS has agreed to acquire RRC to diversify our customer base and push our services into multiple COCOMS across the globe. NTS leadership has a deep history with OCONUS services and was impressed by the breadth of services offered by RRC and Rome’s outstanding reputation and past performance,” said CEO Joseph Paull.
In 2023, NTS secured a strategic investment from Clairvest, a top performing private equity fund with more than $3 billion of assets under management, to become a platform company for growth in the defense technology sector. NTS operates locations in Tampa, Huntsville, and Northern Virginia.
“This acquisition marks a significant milestone for NTS. We are excited to welcome the talented RRC Team and continue building upon what they have created. We will ensure a smooth transition for their employees and customers as we integrate them into NTS’ Mission Support Solutions (MSS) business unit,” said Kris Nagy, EVP MSS.
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