GTS Acquires Privately Owned Engineering Company, IMMCO Inc.

Gibson Technical Services, Inc. (“GTS”), has entered into a definitive Stock Purchase Agreement (“SPA”) to acquire 100% of IMMCO, Inc. (“IMMCO”), an Atlanta-based, privately-owned full-service telecom engineering and network design company providing diversified engineering services and customized software solutions to a global customer base since 1992.

The acquisition will immediately add revenues and earnings to GTS. IMMCO will become a wholly-owned subsidiary of GTS, significantly expanding GTS’s product portfolio and services it can provide to its customers. IMMCO’s senior management team, including CEO and 40-year industry veteran, Keith R. Hayes, will remain with the company. GTS does not expect organizational changes to IMMCO’s successful, long-term operations.

IMMCO is a leading provider of enterprise solutions to the cable and telecommunications industries. It is ISO Certified (27001 & 9001) and specializes in 5G and fiber optic network design, geospatial data services, and software development. The company has approximately 400 employees across four offices in the United States, India, Australia, and Europe. For 2021, IMMCO expects to generate revenues of approximately $10.6 million.

As explained by GTS’s CEO, Mike McCracken, "IMMCO’s established network, skilled workforce, technical, expertise, and global reach will enhance GTS’s ability to expand both organically and through additional acquisitions, while also allowing GTS to market its broad portfolio of technical services to a much larger customer base and geographic footprint.”

“This is a significant milestone for IMMCO,” said IMMCO’s CEO, Keith Hayes. “With the combination of GTS and IMMCO, we will be able to increase our programs and services to our existing customer base, as well as pursue growth opportunities across a much broader market.