Westport, CT (PRWEB) March 05, 2013
Westbury Group LLC, a boutique investment bank specializing in middle-market companies, is pleased to announce the recent sale of RNB Technologies, Inc. to Oasis Systems in an all-cash transaction. Westbury acted as the advisor to RNB throughout the selling process. Westbury managing directors Alan Carter and Patrick Huddie advised RNB on the transaction.
RNB Technologies is an award winning, Virginia-based systems engineering, analysis, intelligence, and information technology company. Founded in 2000 by retired Marine Corps Officer, Mr. Ron Oxendine, RNB has grown and developed an outstanding reputation within the defense community by demonstrating a passion for excellence and a commitment to quality.
Oasis Systems, based in Lexington, Massachusetts, is a leading provider of Information Technology, Systems Engineering, Enterprise Applications and Program Management Services to the Department of Defense. Oasis has a reputation of anticipating and responding to customer needs by providing highest quality and cost effective technical solutions and analytical services. Oasis considers that this acquisition will allow it to provide its services to more agencies and in additional regions while becoming more competitive through reduced unit overhead costs.
About Westbury Group LLC
Westbury Group LLC is a FINRA-registered investment bank providing financial advisory services to entrepreneurial firms valued between $10 million and $250 million and up. All Westbury managing directors have a minimum 20 years’ transactions experience in the software, IT services, defense/homeland security, consumer products, manufacturing, or financial services industries. The firm initiates M&A transactions, raises debt and equity capital, provides valuations, and advises on strategy.
You can learn more about the Westbury Group at http://www.westburygroup.com.