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Private equity buys OAO Technology

January 19 2010

OAO Technology Solutions Inc., a Greenbelt MD-based information technology services firm that also provides staffing, was acquired by Platinum Equity. Financial terms of the transaction were not announced.

OAO Technology Solutions was acquired from J.F. Lehman & Company.

"Throughout the world, the need for high-quality, cost-effective managed IT services is growing and OAOT offers a full range of solutions to meet that increasing demand," said Jacob Kotzubel, the partner at Platinum who is leading the OAO Technology Solutions acquisition.

Platinum Equity, a Los Angeles-based private equity firm, also acquired Pomeroy IT Solutions in a deal announced in September. Pomeroy, based in Hebron KY, provides IT services and staffing.

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