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.
Former NASA executive Dan Tenney has been selected to succeed Michael Williamson as senior vice president of global business development and strategy at Lockheed…
bachelor’s”Brandy Durham has taken on new responsibilities as chief data and artificial intelligence officer at ManTech. The Herndon, Virginia-based company…
