Government Fleet Top News

Serco to Enhance U.S. Market Position Through Acquisition of RCI

December 29, 2004

HERNDON, VA — Serco Group plc, a service company, announced on December 20, that it has agreed to purchase RCI Holding Corporation, parent company of Resource Consultants, Inc. (RCI) of Vienna, Va. RCI is a provider of systems engineering, IT services, supply chain management, and business process management services to the U.S. Department of Defense and other federal agencies.This acquisition of RCI from CM Equity Partners, the majority owner, together with other shareholders, will materially increase Serco's competitive position in the world's largest service contracting market, through RCI's enhanced technology capabilities and its strong customer relationships with the U.S. federal government. Serco will integrate RCI with its existing North America business and the enlarged business will be led by Steve Cuthill, Serco's current group chief operating officer.RCI was founded in 1979. Key services include HR focused business process management, IT services, systems engineering, supply chain management, and strategic consulting. RCI's primary market – the Department of Defense – represents the largest portion of federal spending, accounting for more than 75 percent of total contract amounts.

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