Roper Technologies Completes $2.8B Deltek Buy

Sarasota, Florida-based industrial and technology conglomerate Roper Technologies  (NYSE: ROP) has wrapped up its acquisition of Deltek for $2.8 billion.

Roper completed the transaction three weeks after it agreed to purchase Deltek from private equity firm Thoma Bravo.

Roper said Wednesday it funded the deal with cash on hand, funds under its credit facility and proceeds obtained from a recent notes offering.

Herndon, Virginia-based Deltek became a privately held firm after it was acquired by Thoma Bravo for $1.1 billion cash in 2012.

Deltek works to provide software and information platforms to approximately 22, 000 organizations that include government contractors and professional services firms in more than 80 countries worldwide.

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.