M&A Activity

Exclusive: BrainTrust Holdings Acquired by EverWatch; John Hillen Quoted

John Hillen, CEO of EverWatch

EverWatch announced on Monday that the national security services provider, backed by Enlightenment Capital, has acquired BrainTrust Holdings, a leading provider of innovative technology solutions to the intelligence and defense communities, for an undisclosed sum to further expand technical service offerings and contract pursuits in the intelligence sector. “In this …

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BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.

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IMB Invests in Ashburn Consulting for Gov’t IT Market Push; Tarrus Richardson Quoted

Tarrus Richardson CEO IMB Partners

Bethesda, Md.-based private equity firm IMB Partners has invested in network security company Ashburn Consulting for an undisclosed amount to help grow the latter's presence in the government information technology services market. IMB said Wednesday the deal builds on its investment in IT services provider e&e six years ago and begins a long-term partnership with Ashburn.

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HII Technical Solutions Establishes Defense, Federal Solutions Group; Garry Schwartz Quoted

Garry Schwartz President HII DFS Group

The technical solutions division of Huntington Ingalls Industries (NYSE: HII) has combined its mission driven innovation solutions and fleet support groups to create the defense and federal solutions group as part of a realignment to achieve efficiencies in its support functions and better serve customers.

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