Author: Mary-Louise Hoffman|| Date Published: May 16, 2022
Carlyle Group (Nasdaq: CG) is preparing to buy ManTech International (Nasdaq: MANT) and an acquisition of the Herndon, Virginia-based government services contractor by the global investment firm could be worth $4 billion, Bloomberg reported Sunday.
Friday’s closing price for ManTech stock was $81.97, which gave the company a market value of $3.35 billion, the report said.
ManTech posted $676 million in revenue for the first quarter of its 2022 fiscal year, up 6.7 percent from the prior-year period, and attributed the sales growth to acquisitions and organic expansion from contract awards.
Washington, D.C.-based Carlyle has several portfolio companies in the aerospace and government services space, including StandardAero and Two Six Technologies.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
