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Tag Archives: Acquisition

Drone USA Acquires Howco Distributing to Add Facilities, Property; Michael Bannon Comments

acquisition, merger

New York City-based unmanned vehicle maker Drone USA has concluded its purchase of wholesale distribution company Howco Distributing Corp. for $3.5 million in cash, promissory notes and warrants. Drone USA said Tuesday it will have access to Howco’s facility leases and related intellectual property and establish connections with the latter company’s suppliers and vendors. Howco reported …

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CTC Affiliate Lands Subcontract for Acquisition Support to Air Force Materiel Command


TYSONS CORNER, VA, Aug. 23, 2016 — An affiliate of Concurrent Technologies Corp. will provide acquisition and technical support to Air Force Materiel Command headquarters under a $1.2 million subcontract from Dakota Consulting, ExecutiveBiz reported Monday. CTC said Friday Enterprise Ventures Corp. will also assist in the sustainment and aircraft research and development activities of AFMC’s directorate …

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Apollo Group, Constellis Executives to Buy Out Security Services Contractor


A group of investors including New York City-based Apollo Global Management (NYSE: APO) along with executive team members at Constellis Group have agreed to undertake a buyout of the global security services contractor for an undisclosed sum. Constellis Group said Friday it expects the transaction to close by the end of September and the …

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LMI Employees, National Urban Security Tech Lab Teammates Get DHS ‘Building Partnerships Award’


TYSONS CORNER, VA, Aug. 10, 2016 — Three LMI acquisition and financial management professionals were part of a government-industry team that received the Department of Homeland Security‘s Building Partnerships Award for their effort to deploy new technology for first responders, GovCon Executive reported Tuesday. The company said Tuesday Kris Dooley, Abby Hooper and Steve Vargas earned the …

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Mission Essential Acquires IMT Corp for C4ISR Market Push


Herndon, Virginia-based military and intelligence services contractor Mission Essential has purchased systems integration and software engineering company Information Management Technology Corp. for an undisclosed sum to grow communications-related work with the Defense Department. Mission Essential said Thursday that IMT will operate as a subsidiary under the new ownership and also add technical support and sustainment service offerings …

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KBR Unveils Rebranded Wyle as $570M Acquisition Closes


KBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment. KBR CEO Stuart Bradie said Tuesday the company expects government services revenue to total $2 billion per year post-acquisition and have …

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Leidos CEO Roger Krone to Lead Briefings With Employees From Lockheed IS&GS

Roger Krone

TYSONS CORNER, VA, June 23, 2016 — Leidos (NYSE: LDOS) Chairman and CEO Roger Krone will lead town hall meetings with incoming employees from Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business ahead of the close of a $5 billion deal to acquire the latter, ExecutiveBiz reported Monday. Forbes reported …

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Symantec to Buy Web Security Firm Blue Coat for $4.65B; Dan Schulman Comments


Symantec (Nasdaq: SYMC) has agreed to purchase Sunnyvale, California-based security and network technology provider Blue Coat Inc. for approximately $4.65 billion cash in an effort to help protect government and enterprise customers from cybersecurity threats. Greg Clark, CEO of Blue Coat, will take the helm at Symantec as CEO as well as …

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Grant Thornton Vet Stephen Chipman Named Radius CEO; Chris Stone Comments

Stephen Chipman

Stephen Chipman, former CEO of Grant Thornton, has been appointed CEO of Boston-based global expansion services provider Radius. Radius said Thursday Chipman will succeed Chris Stone, who will continue to serve as a member of the company’s board of directors. Stone said Chipman is expected to help Radius advance its …

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Mike Poth: FirstNet Eyes Public Safety Broadband Network Contract Award in November

wireless communications

The First Responder Network Authority closed the process Tuesday for the submission of final bids from vendors interested in the contract to build a proposed national public safety broadband network for first responders. FirstNet CEO Mike Poth said Tuesday the agency will now move to the evaluation phase and plans …

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