Specialty cybersecurity and business analytics companies were in demand in the GovCon acquisition market in June, as a ship repair company acquisition, a spin-off and a major in-house merger capped the M&A landscape.
Here are the ten deals GovCon wire covered in June.
ITT Exelis acquired Space Computer Corp., a privately-owned producer of signal processing systems, software and algorithms. It will integrate into Exelis’ geospatial systems unit.
Unicom Systems Inc.’s acquisition of GTSI Corp. appears set to go forward after the company did not accept any alternative offers over the last month. Unicom agreed to acquire GTSI in May for approximately $76.67 million cash, or $7.75 per share.
General Dynamics completed its acquisition of broadband wireless provider IPWireless Inc. General Dynamics renamed IPWireless General Dynamics Broadband, which will operate as a subsidiary of General Dynamics’ C4 systems unit.
General Dynamics has agreed to acquire the ship repair and coatings division of Earl Industries, which will become a part of GDAs San Diego-based NASSCO subsidiary, adding two East Coast maintenance and repair ports.
Deloitte LLP acquired the assets of Austin, Texas based IE Discovery, an electronic discovery management and litigation support provider that will aid the 500 Deloitte professionals already working in analytic and forensic technology services such as e-discovery.
Reorganizations and Realignments
SAIC Inc. shareholders approved an internal merger of its subsidiary, Science Applications International Corp., with the holding company. It will now go by the long-hand version of the name, nearly six years after taking on the SAIC Inc. name.
L3 Communications board of directors approved the distribution of the remaining shares of its Engility subsidiary to all of its shareholders. Every shareholder of record as of July 16 will receive one share of Engility for every six shares of L-3 stock.