Hello, Guest!
  • Wednesday, April 30, 2025

ManTech Shareholders OK Proposed Acquisition by Carlyle; Kevin Phillips Quoted

Shareholders at ManTech International (Nasdaq: MANT) approved Wednesday a proposed agreement to sell the company to global investment firm Carlyle (Nasdaq: CG) and both parties expect the transaction to be finalized during the week of Sept. 12, pending satisfaction of other customary closing conditions.

ManTech said Wednesday more than 99 percent of the votes cast at the shareholders’ special meeting were voted in favor of the merger.

In May, Carlyle agreed to buy ManTech in an all-cash transaction valued at approximately $4.2 billion.

Under the transaction’s terms, ManTech stockholders will get $96 a share in cash.

“We look forward to completing the transaction with Carlyle to deliver immediate and premium value to our stockholders, stronger outcomes for our customers and more opportunities for our employees,” said d Kevin Phillips, chairman, president and CEO of ManTech and a 2022 Wash100 Award winner.

Video of the Day

Related Articles

Kevin Phillips Named Executive Partner at Bluestone Investment Partners Executive Moves

Kevin Phillips Named Executive Partner at Bluestone Investment Partners

Kevin Phillips, chairman of the board of directors at federal technology services contractor ManTech and a six-time Wash100 awardee, has joined McLean, Virgina-based Bluestone Investment Partners as an executive partner. John Allen, co-founder and managing partner of Bluestone, said in a statement published Thursday that Phillips brings to the role his experience, mission commitment and

Paladin Capital Group Adds ManTech Chairman Kevin Phillips to Advisory Board Executive Moves

Paladin Capital Group Adds ManTech Chairman Kevin Phillips to Advisory Board

Kevin Phillips, chairman of ManTech, has joined the strategic advisory group of Washington, D.C.-based investment firm Paladin Capital Group. He will be part of the group that includes government veterans who provide advice to Paladin’s investment team on cybersecurity market trends, the company said Thursday. “After decades helping operationalize and optimize technology for government agencies

ManTech Co-Founder George Pedersen Dies at 87 Industry News

ManTech Co-Founder George Pedersen Dies at 87

George Pedersen, co-founder and former chairman and CEO of ManTech, has died at the age of 87. He helped establish ManTech in 1968 with a single simulation and modeling support contract with the U.S. Navy. Under his leadership, the Herndon, Virginia-based technology services contractor kicked off trading on the stock market in 2002 and grew