ManTech Eyes Geospational, Intell Footprint Growth After H2M Group Buy; Kevin Phillips Quoted

Kevin Phillips

ManTech International (Nasdaq: MANT) has acquired analysis services provider H2M Group for an undiscosed sum in a move to expand work with the geospatial and intelligence communities.

Herndon, Va.-based ManTech said Thursday it used cash on hand and funds under an existing credit line to finance the transaction and it will get a “step-up in the tax basis” for H2M’s intagible assets.

H2M will operate under the mission, cyber and intelligence solutions business led by Rick Wagner, a 2019 Wash100 Award recipient.

Kevin Phillips, president and CEO of ManTech and also a 2019 Wash100 winner, said the company seeks to help customers transform geospatial, intelligence and business operations with mission-focused technology platforms and services.

ManTech noted the acquisition will increase its ability to offer new automation approaches for government analysts to gain actionable insights from huge volumes of data.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles