M.M. Dillon & Co. (“Dillon”) was engaged by Federal Services Acquisition Corporation (“Federal Services” or the “Company”) to act as sole underwriter and bookrunner for a $126,000,000 initial public offering. A total of 21,000,000 units were issued at $6.00 per unit, with each unit consisting of one share of common stock and two warrants. The transaction was oversubscribed
About Federal Services Acquisition Corporation
Federal Services is a “blank check” company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination, an operating business in the federal services and defense industries. The Company acquired Advanced Technology Systems (“ATS”) of Mclean Virginia. ATS is engaged in IT consulting to U.S. government agencies.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.