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  • Tuesday, May 7, 2024

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.

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