Castellum, Inc., (OTC: ONOV) announces the signing of a definitive merger agreement with Mainnerve Federal Services, Inc., dba – MFSI Government Group, a Delaware corporation (“MFSI”), effective as of January 1, 2021.
MFSI, a government contractor with over $1.3 million in profitable revenue, is immediately accretive to Castellum’s revenue and EBITDA per share. Castellum also continues to pursue other acquisitions as part of the company’s overall growth strategy.
Mark Fuller, President and CEO of Castellum, states, “MFSI is a solid addition to the Castellum family, bringing with it a strong relationship with Northrup Grumman, and expertise in software engineering and IT in the classified arena. MFSI also brings us an excellent team with George Tronsrue, President, and the MFSI advisory board, several of whom will be joining the Castellum advisory board in the coming weeks.”
“We are pleased to join with Castellum as a way to provide our customers with a broader range of services and greater size and scale. Mark and his team are growing quickly. We are excited to join this outstanding team and look forward to being part of their continued growth in the future,” said George Tronsrue, President of MFSI.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
Source: Biospace