PEERLESS TECHNOLOGIES ACQUIRES MARYLAND DEFENSE FIRM
Acquisition enhances Peerless capabilities and Army mission support
Peerless Technologies Corporation, a leading government services and mission engineering provider, has acquired QED Systems, LLC, a Maryland-based defense firm.
The acquisition, which closed today, 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 & 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.”
Sebaly, Shillito & Dyer was lead counsel and Miles & Stockbridge provided government contracting counsel to Peerless on the buy side. Evergreen Advisors Capital acted as financial adviser to QED, whose lead counsel was Pessin Katz Law and government contracting counsel was provided by the law offices of William Weisberg
Aligned with Peerless’ strategy, today’s acquisition marks the second this year for Peerless. In February, the company announced the purchase of Statheros, LLC, a Knoxville, TN-based defense firm, enhancing Peerless’ capabilities in electromagnetic spectrum operations and open architecture software applications
