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Tag Archives: M&A Activity

KBR Buys Carillion’s Stake in Aspire Defence JV

KBR (NYSE: KBR) has assumed control of a joint venture with U.K.-based construction and facilities management provider Carillion after the latter announced insolvency in January. KBR said Thursday that it closed the acquisition of Carillion’s interest in their Aspire Defence joint venture without causing disruption to operations and delivery of services. Aspire Defence JV …

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Valiant Signs $135M Cash Deal to Buy Cubic’s Global Defense Services Business

Valiant Integrated Services has agreed to acquire Cubic’s (NYSE: CUB) global defense services business for approximately $135 million in cash in a push to expand its client base and broaden its technical platforms and service offerings in training and readiness markets. Valiant CEO James Jaska said in a statement published Thursday …

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Polaris Alpha Eyes Cyber Market Expansion With Fourth Dimension Buy

Polaris Alpha has purchased Columbia, Maryland-based Fourth Dimension Engineering for an undisclosed sum in a push to expand its footprint in the cybersecurity market. Fourth Dimension co-founders Tom Conrad and Faith Horowitz will join Polaris Alpha’s leadership team as a result of the transaction that officially closed Wednesday, April 11, Polaris …

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SOSi buys STG in cyber, analytics services expansion push

SOS International has purchased Reston, Virginia-based government information technology services contractor STG for an undisclosed sum in a move to broaden its contract and client base and expand its portfolio with the addition of cybersecurity, data analytics and software development capabilities in support of defense, diplomatic and intelligence agencies. SOSi …

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ECS eyes IT support task orders under $17.5B DISA Encore III IDIQ; George Wilson comments

ECS will compete for task orders to provide information technology platforms and services for the Defense Department, service branches and other federal agencies under the potential 10-year, $17.5 billion Encore III contract the Defense Information Systems Agency awarded in November 2017. The Encore III indefinite-delivery/indefinite-quantity contract covers 19 performance areas that include …

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General Dynamics adds former CSRA execs to combined organization’s leadership team

General Dynamics (NYSE: GD) has named five former CSRA executives to its information technology business’ leadership team after it completed its approximately $9.7 billion acquisition of the Falls Church, Virginia-based government IT services contractor early this month, the Washington Business Journal reported Monday. Amy Gilliland, a 2018 Wash100 recipient, serves …

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Noblis NSP Merges Into Parent Nonprofit Org

Noblis has merged a wholly owned subsidiary, Noblis NSP, into the nonprofit science and technology organization in a move to consolidate service delivery efforts for law enforcement and intelligence agency clients. Ellen McCarthy, former president of Noblis NSP, will transition into the role of vice president of intelligence and analytics …

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A&M Capital Buys Majority Stake in CNSI

Alvarez & Marsal Capital has acquired a controlling interest in Rockville, Maryland-based health information technology systems provider CNSI for an undisclosed sum. Jack McCarthy, senior managing director and co-founder of A&M Capital, said in a statement published Wednesday CNSI’s proven results and technical leadership position the company for future growth …

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KippsDeSanto: Govt Tech Sector Eyes Increased Scale, Expanded IT Capabilities Via M&As

KippsDeSanto & Co. said it believes General Dynamics’ (NYSE: GD) acquisition of CSRA shows the continued focus of government technology sector buyers on efforts to build up scale and expand next-generation information technology capabilities through mergers and acquisitions. General Dynamics’ IT business will realize approximately $10 billion in annual revenue following …

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NAVSEA Moves to Address Potential OCI in General Dynamics-CSRA Combination

The U.S. Navy has initiated several measures to avoid any potential organizational conflict of interest that may emerge following the completion of General Dynamics’ (NYSE: GD) $9.7 billion acquisition of CSRA. The Naval Sea Systems Command said Tuesday it asked General Dynamics and CSRA to hand over to a third party …

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