Private equity still likes security
Yet another PE firm has set up an acquisition company to enter the homeland security marketplace. It's not exactly going to be your standard security integration firm, but I'm sure it will dabble in cameras and access control from time to time.
GRCR has formed Six3 Systems Inc., a Fairfax, Va.-based government services acquisition platform focused on national security and defense intelligence. No financial terms were disclosed. Six3 Systems will be led by Robert Coleman, former CEO of government contractor ManTech International.What will they acquire? That's the question.