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Date:July 11, 2016

One Colorado Springs-based defense contractor acquires another to expand services

Delta Solutions & Strategies LLC announced Monday it has acquired fellow Colorado Springs-based defense contractor Shape Technologies LLC. The acquisition will add simulation and modeling to Delta’s systems engineering and information technology expertise.

The deal was negotiated for nine months before it was completed July 1 and was prompted by Shape founder and CEO Buddy Gilmore’s plans to retire, said Gary Bain, Delta’s president and CEO. Gilmore, a 2011 candidate for Colorado Springs mayor, will work as a consultant with Delta during a transition period before retiring, Bain said. Delta, which employs 75 people at its Colorado Springs headquarters and at client locations in nine states, is retaining all seven Shape employees, he said. Terms of the deal weren’t disclosed; both companies are privately held.

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