Tuesday, January 19, 2010
Platinum Equity Buys OAO Technology Solutions
Los Angeles-based Platinum Equity has acquired OAO Technology Solutions, a provider of managed IT services and solutions based in Maryland, the firm announced this morning. Financial terms of the acquisition were not announced. Platinum Equity said it acquired OAO Technology Solutions from an affiliate of J.F. Lehman & Company and other stockholders. OAOT provides managed IT services to government agencies, Fortune 500 companies, and global outsourcing firms. Platinum Equity was advised by Kirkland & Ellis LLP in the deal, with OAOT represented by Gibson, Dunn & Crutcher LLP, KippsDeSanto & Co. and The Chesapeake Group.