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Tag Archives: M&A Activity

Report: PwC Mulls Sale of Govt Consulting Practice

PwC is considering selling the financial auditing and consulting firm’s government consulting practice that could be valued at approximately $500 million, Reuters reported Saturday. Sources told Reuters PwC expects the planned transaction to help the company pursue growth opportunities in providing auditing services to government agency clients and has tapped …

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FTC Seeks Additional Data on Northrop-Orbital ATK Deal

The Federal Trade Commission has issued Northrop Grumman (NYSE: NOC) a second request for additional data associated with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA). Northrop said Wednesday it received the request as FTC reviews the transaction as part of the regulatory process. The request for additional information came a …

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System One Eyes Federal Market Expansion Through GAP Solutions Purchase

Pittsburgh, Pennsylvania-based workforce services provider System One has purchased Herndon, Virginia-based professional services company GAP Solutions for an undisclosed sum in a move to expand its portfolio of offerings for federal civilian and defense clients. Troy Gregory, president and CEO of System One, said in a statement published Wednesday the …

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TTM Inks $775M Cash Deal for Anaren to Expand Defense & Aerospace Electronics Portfolio

TTM Technologies (Nasdaq: TTMI) has agreed to buy East Syracuse, New York-based microwave microelectronics provider Anaren from private equity firm Veritas Capital for approximately $775 million cash. TTM said Sunday the deal will help expand its products portfolio through the addition of Anaren’s radio frequency subsystems and components for aerospace …

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Orbital ATK Shareholders OK $9.2B Merger With Northrop; David Thompson Comments

Shareholders at Orbital ATK (NYSE: OA) have approved a deal for Northrop Grumman (NYSE: NOC) to acquire the Dulles, Virginia-based aerospace and defense contractor in an estimated $9.2 billion transaction. Holders of at least 99 percent of shares in Orbital ATK voted to approve the merger during the Wednesday meeting, …

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HPE President Antonio Neri to Succeed Meg Whitman as CEO

Antonio Neri, president of Hewlett Packard Enterprise (NYSE: HPE), will succeed Meg Whitman as CEO of the Palo Alto, California-based technology company in a move that takes effect Feb. 1, 2018. Neri will also join the company’s board of directors as part of his promotion, HPE said Tuesday. Whitman, who will continue to …

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Foreign Investment Committee Completes Ultra Electronics-Sparton Transaction Review

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics. Ultra said Monday it signed a timing agreement with the Justice Department and that the deal is still subject to antitrust …

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Novume to Purchase NeoSystems Via Cash-and-Stock Deal

Novume Solutions has agreed to acquire back office management company NeoSystems for an undisclosed sum through a cash-and-stock transaction. Chantilly, Virginia-based Novume said Monday it expects to wrap up the acquisition in the first quarter of 2018, pending customary closing conditions. The transaction covers the assumption of some liabilities of NeoSystems and …

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Hitachi Vantara Federal Assumes Control of Brocade’s Networking Maintenance Contracts; David Turner Comments

Hitachi Vantara’s federal business has assumed control of some of Brocade Communications Systems’ (Nasdaq: BRCD) federal service maintenance contracts and other assets under a definitive agreement signed in June. Hitachi Vantara Federal said Friday the agreement’s completion would provide the company access to Brocade’s storage area networking, campus/edge networking and data center …

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Deltek Wraps Up $70M Onvia Purchase

Deltek has closed its $70 million cash acquisition of Onvia in a move to expand the delivery of public sector procurement data and market intelligence to government contractors. Deltek said Friday it will combine Onvia with its GovWin IQ market intelligence platform for GovCon companies through the transaction originally announced in October. Onvia’s board …

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