Home / M&A Activity / ManTech Buys Up STI

ManTech Buys Up STI

ManTech has announced that it completed the acquisition of Sensor Technologies Inc. (STI) for $242 million in cash. STI provides mission-critical systems engineering and Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) services and solutions to the Department of Defense.

The firm’s largest customer is the U.S. Army through several contracts, including its prime position on the S3 Indefinite Delivery/Indefinite Quantity contract, on which it has received more than $2.5 billion in task orders to date.

“On behalf of George Pedersen and our Board of Directors, I’d like to formally welcome Michael Gualario and the entire STI family to the ManTech team. Together, we can offer more support, innovation and value to our Army customer. Under Lou Addeo’s leadership, the Technical Services Group has begun integrating this strategic acquisition and has hired nearly 400 people on our recent $286 million win at the U.S. Army Electronic Proving Grounds, which position us for excellent growth in 2010.”

Check Also

Drone Aviation Merges With 5G Wireless Tech Consortium ComSovereign; Dan Hodges Quoted

Drone Aviation and ComSovereign, a U.S.-based consortium of businesses involved in 5G telecommunications radio, power systems and silicon photonics, have completed their merger for an undisclosed sum. The newly combined company will operate as ComSovereign Holding and will focus on providing wireless carrier customers with 5G/NR connectivity and carrier backhaul capability for fixed infrastructure and mobile aerial communications platforms, Drone Aviation said Wednesday.

Apollo Raises Takeover Bid for Tech Data to $6B

Tiger Midco, an affiliate of funds managed by alternative investment manager Apollo Global Management’s (NYSE: APO) affiliates, has increased its offer to acquire information technology distribution company Tech Data (Nasdaq: TECD) from $130 in cash per share to $145 per share, or approximately $6B, under an amended deal.