A Note From Our President & Founder Jim Garrettson
In recent weeks the GovCon community has experienced significant M&A and restructuring activity. Notable transactions include:
H.I.G.âs purchase ofÂ WBBÂ for an undisclosed sum
General Atomicsâ purchase of a majority ofÂ Surrey Satellite Technology USâs assets for an undisclosed sum
The Celerian Groupâs acquisition ofÂ JBS International
The completion ofÂ Boeingâs acquisition ofÂ Aurora Flight Sciences
L2 Defenseâs purchase ofÂ Advanced Technical and Educational Consultants
CenturyLinkÂ closing its acquisition ofÂ Level 3 Communications
Radiant SolutionsÂ combining four legacy business units into a single entity
On November 14th,Â H.I.G. CapitalÂ announcedÂ that it had purchasedÂ Whitney, Bradley and BrownÂ for an undisclosed amount. WBB is a program management and consulting services provider for federal agencies. Robert Olsen, WBB CEO, said in a statement that the company seeks to utilize H.I.G.âs resources in efforts to expand capabilities and services for federal agency customers. âWe believe WBBâs existing services provide a strong foundation and are looking forward to working with the team to expand WBBâs capabilities through organic investments and complementary acquisitions,â added Jeff Zanarini, a managing director at H.I.G.
On November 13th,Â General AtomicsÂ releasedÂ a statement announcing its purchase of the majorityÂ ofSurrey Satellite Technology USâ assets for an undisclosed sum. The purchase was part of General Atomicsâ strategy to bolster their small satellite and other payload capabilities. Surrey-USâ employees and assets will be integrated into General Atomicsâ electromagnetic systems business. âWe look forward to the Surrey-US team joining us as we continue to expand our portfolio of small satellite and mission-support capabilities,â said Scott Forney, president of General Atomics Electromagnetic Systems. The acquisition will provide GA-EMS with greater opportunities to offer ground-to-space platforms through the utilization of micro- and nano-satellites, Forney added. Furthermore, the purchase will allow for GA-EMS to leverage Surrey-USâ small satellite design and deployment expertise.
On November 9th, theÂ Celerian GroupÂ acquiredÂ JBS InternationalÂ in order to expand technology and business management service offerings to the public and private sectors. JBS International provides social science research and technical services for the purpose of helping government customers address health and social issues. JBS also maintains a portfolio of data analytics, business process development, performance management, strategic communications and web/mobile development services. The Celerian Group noted that JBS will continue to operate out of its current headquarters in Bethesda, MD and its facilities in four other states. The Celerian Group represents numerous companies that provide administrative, IT, training and program management services to state and federal government agencies.
On November 8th,Â BoeingÂ announced that it hadÂ wrapped upÂ its purchase ofÂ Aurora Flight SciencesÂ for an undisclosed sum. The acquisition was made in order to strengthen BoeingâsÂ autonomous technology development capabilities. Boeing noted that Aurora will continue to operate under its business name and will be joining Boeingâs engineering, test and technology group. The acquisition will allow for Aurora to benefit from Boeingâs resources while retaining an independent operating model.
On November 2nd,Â L2 DefenseÂ purchasedÂ Advanced Technical and Educational ConsultantsÂ for an undisclosed amount in order to expand its emergency management simulation and training offerings for defense, first responder and national security sector clients. Sam Lennon, president of L2 Defense, said that the acquisition will lead to a combination of L2âs logistics planning and military training experience with ATECâs knowledge and technical experience in the first responder market, which will allow for an improved ability to deliver technology platforms to incident response and emergency management customers. The newly combined entity will support government clients like FEMA, the U.S. Army Northern Command, the National Guard Bureau and the Joint Program Executive Office for Chemical and Biological Defense.
On November 1st,Â CenturyLinkÂ completedÂ its $34 billion acquisition ofÂ Level 3 Communications.Â The mergerâs completion signals the creation of a combined entity valued at $24 billion in estimated pro forma annual revenue and a global network that connects 350 metropolitan areas with upwards of 10,000 on-net, fiber-equipped buildings. The new combined entity expects to generate an estimated 75 percent of its core revenue from business clients with nearly two-thirds of that revenue coming from strategic services. Glen Post, CEO of CenturyLink, noted that the combined company will provide an expanded portfolio of communications platforms designed to fulfill clientsâ IT and networking requirements.
Although not strictly M&A activity, on November 13thÂ Radiant Solutions, aÂ Maxar TechnologiesÂ business unit, announced itsÂ new strategyÂ to combine its legacy businesses into a single entity. The geospatial services units and businesses that will operate under the newly formed Radiant Solutions includeÂ DigitalGlobe Intelligence Solutions,Â RadiantBlue,Â MDA Information SystemsÂ andÂ HumanGeo. Tony Frazier, president of Radiant Solutions, said that the restructuring seeks to create a commercial mindset that will address national security issues. âWe are driven to help our customers break down those silos and get to the best geospatial information and insights across multiple sources on rapid timelines based on our unmatched data collection, enrichment and analytic capabilities,â Frazier said.
THIS WEEKâS TOP NEWS STORIES
Weekly Contract Awards This week’s top GovCon contract awards. Raytheon, BAE Systems, CSRA, General Electric, Ball Aerospace & Technologies, Lockheed Martin, and many others.
Deborah Ricci Succeeds Barry Broadus as Constellis CFO
Deborah Ricci, formerlyÂ senior vice president of finance and accounting atÂ Constellis, has been promoted toÂ chief financial officer of the Reston, Virginia-based risk management andÂ operational support services contractor.
BAE, Northrop Mark B-21 Bomber Project Collaboration
BAE SystemsÂ hosted an event at a company facility in Nashua, New Hampshire, last week to mark a partnership between BAE andÂ Northrop GrummanÂ to help build theÂ U.S. Air ForceâsÂ B-21 RaiderÂ bomberÂ aircraft.
BAE Systems has secured a five-year, $383 million contract to help maintain the U.S. Army’s fleet of infantry fighting vehicles and rocket launcher carriers. The contract covers technical and sustainment support for Bradley IFVs and M993 Multiple Launch Rocket System carriers of the M270 MLRS armored launcher, BAE said Wednesday. Work will occur in California,
Charlie Pelham, who joined Leidos (NYSE: LDOS) in early 2021, has been named director of business development operations at the company’s Dynetics group. In a LinkedIn post, Pelham shared he took on the new role after serving as senior director of business development and strategy at the Leidos Innovation Center, which researches and develops next-generation
Nicole Piasecki Kymeta has announced the appointment of aerospace industry veteran Nicole Piasecki to the board of directors and Fran Beaudette, a retired U.S. Army lieutenant general, to the board of advisers. Piasecki has more than 35 years of experience at Boeing (NYSE: BA) and United Technologies Corp. and her appointment comes following the retirement