What Makes A Good GovCon Acquisition?

The past week has seen at five major government contracting acquisitions announced.  This begs the question: what makes a good govcon acquisition?  What are the growth areas for govcon?  Read on to find out.

DynCorp Purchases Casals & Associates

DynCorp CEO Bill Ballhaus
Beatriz Casals,  President of Casals and Associates
Beatriz Casals, President of Casals and Associates

DynCorp is boosting its presence in U.S. foreign policy and international development priorities with its acquisition of Casals and Associates.  Casals & Associates assists in the development of stable and democratic governments, implementing anti-corruption initiatives, and aiding the growth of democratic public and civil institutions.

“This acquisition addresses our goal of creating value through continued growth and business diversification, and furthers our alignment with the Obama Administration’s emphasis on the application of ’smart power’ to global challenges. We support defense, diplomacy, and development initiatives around the globe.” said DynCorp International President and CEO William L. Ballhaus.

SAIC Acquires SET; Looks to Boost IR

Tom Burns, President and CEO of SET
Walt Havenstein,  CEO of SAIC
Walt Havenstein, CEO of SAIC

SAIC’s purchase of SET will increase their Intelligence, Surveillance and Reconnaissance (ISR) capabilities, including forward processing of sensor data, advanced PED (processing, exploitation, and dissemination) tools and technology, and real time information integration.

“This acquisition brings a team of highly talented staff and thought leaders in core domains to SAIC, as well as intellectual property and resources that will enable us to support multiple ISR programs simultaneously, ” said John Fratamico, Senior VP and GM of SAIC’s Advanced Concepts Business Unit. “It will also significantly increase SAIC’s ability to develop and acquire advanced PED solutions to solidify SAIC’s position in the market, and broaden our leadership in development of next generation ISR enterprise solutions.”

SRA Agrees to Buy PQA

Stan Sloane, CEO of SRA
Perrin Quarles,  President of PQA
Perrin Quarles, President of PQA

SRA is increasing its presence in the green sector by purchasing environmental consulting firm Perrin Quarles & Associates (PQA).

While PQA is expected to contribute approximately $6 million of revenue in the remainder of SRA’s fiscal year 2010, the deal is subject to normal closing conditions.  The deal is expected to be finalized by the end of the month.

SRA President and CEO Stan Sloane said of the purchase: “PQA is a perfect complement to SRA’s environmental expertise and services.  PQA has a proven track record of exceeding customer expectations, a dedicated employee base, and is a world leader in the billion-dollar air-quality and climate-change markets – all of which positions SRA well in this market adjacent to our core environmental offerings.”

Corporate Risk International Acquired by Altegrity Risk International

Mike Cherkasky,  CEO of Altegrity
Mike Cherkasky, CEO of Altegrity
Jim McWeeney,  CEO of CRI
Jim McWeeney, CEO of CRI

Altegrity Risk International, which has just joined the Altegrity Family, is boosting its international risk management business buy purchasing Corporate Risk International (CRI) to serve as a foundation for its business. The Altegrity Family includes USIS, HireRight and Explore.

CRI, headed by Jim McWeeney, is a full-service risk management and business intelligence firm which has been in operation for the past 20 years. The acquisition will serve to strengthen Altegrity Risk’s product lines and offerings.

Altegrity Risk provides investigative, consulting, due diligence, analytic and security services to companies located across the globe. The seek to create solutions which predict, prevent and minimize risk and potential loss.

CACI Buys SystemWare, Inc.

CACI CEO Paul Cofoni

CACI International closed their acquisition of SystemWare, Inc. this week, a security vulnerability detection solutions provider.

SystemWare is a firm specializing in designs, manufactures, and provides state-of-the-art signals acquisition and analysis systems that enable users to monitor and detect cybersecurity and physical security vulnerabilities and enhance operational security.

“We are committed to strategic growth that enhances national security, expand CACI capabilities, enhances our shareholder value, and increases our presence in important and well-funded markets, ” Paul Cofoni, CACI president and chief executive officer, said in a statement.

SystemWare’s quality management system has been awarded ISO 90002:2000 certification, assuring clients of high-quality software development. SystemWare claimed revenue in the calendar year 2009 of $16 million. The acquisition is expected to be accretive to CACI’s earnings per share during its first 12 months.

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