A-TEK, Inc. Aquired via Equity Based Transaction

A-TEK, Inc., a privately held scientific and information technology solutions and consulting services company, announced today that it has been acquired by Kathryn and R. Gregory Freeland, Founder/Former Chief Executive Officer and President of RGII Technologies, Inc. formerly located in Annapolis, Maryland.

“We are very excited about the opportunities that lie ahead for A-TEK and all our employees across the U.S.”

Headquartered in Leesburg, Virginia, A-TEK, Inc. provides scientific and information technology services and solutions to Federal government agencies. Founded in 1996 by A-TEK’s former owner, Debbie Rieger, A-TEK offers services and solutions in the areas of National Security and Intelligence, Enterprise IT, Life Sciences, Healthcare, and Law Enforcement. Supporting myriad customers across the federal government, A-TEK has over 180 employees in regional and customer site locations in 29 cities across the continental U.S., many of which possess U.S. government clearances.

A-TEK derives 100% of its business from the Federal Government. The company supports contracts with numerous federal agencies, including the U.S. Department of Homeland Security, Department of Health and Human Services/National Institutes of Health, Department of Agriculture, and the Department of Justice. As the Freelands’ first strategic acquisition, A-TEK clearly brings a successful track record with strong revenue growth and profitability.

Debbie Rieger, Founder of A-TEK stated, “I am extremely pleased that we were able to consummate this transaction with the Freelands. Their proven track record is a recipe for success and we are happy to become the platform company from which the company’s future goals will be realized.”

In 2003, the Freelands sold RGII Technologies, Inc., which at the time, provided information technology solutions to nine presidential cabinet agencies within the Federal government, to Computer Horizons Corp. (CHC), via an strategic acquisition. In 2006, Kathryn Freeland, RGII’s Founder and CEO, left the company after completing a three year employment agreement as CEO of the company. Upon the Freelands’ departure, RGII was subsequently sold to NetStar-1, another federal government contractor headquartered in Rockville, Maryland.

“A-TEK represents the type of company we have been seeking for nearly two years as our entrée back into the federal contracting industry. With A-TEK as our platform company, our goal is to couple A-TEK’s success with our prior success at RGII and continue to provide quality services, solutions and value to our myriad customers throughout the federal government,” stated Kathryn B. Freeland, A-TEK Owner/Chief Executive Officer. “We are very excited about the opportunities that lie ahead for A-TEK and all our employees across the U.S.”

The buy side transaction was represented by FOCUS LLC, a middle market investment bank firm founded in 1982 in Washington, DC. FOCUS provides a range of investment banking services tailored to the needs of emerging growth and middle market businesses. Today, FOCUS is a national firm serving clients from offices in major cities across the United States and specializing in serving businesses with revenues or transaction sizes between $5 million and $300 million. Eric Oganesoff, Managing Director, who led the search and transaction stated, “We are proud to have represented the Freeland’s in their acquisition of a fine company like A-TEK. My partner, Marshall Graham, and I initially profiled over 200 companies for the search, interviewing 98 CEOs of candidate companies and qualifying 15 finalists. A-TEK was the clear winner and represents the platform company with which Greg and Kathy can build a major Federal contracting enterprise.” The terms of the transaction were not disclosed.