Author: Jane Edwards|| Date Published: November 21, 2019
Executives from Leidos (NYSE: LDOS), ManTech International (Nasdaq: MANT), Parsons (NYSE: PSN) and Jacobs Engineering Group (NYSE: JEC) said they believe divestitures of smaller business units resulting from major mergers and acquisitions in the past two years could drive the next wave of M&As in the government contracting market, the Washington Business Journal reported Wednesday.
œWe™ve seen more opportunities because of the short-term disruptions [of the M&A market], Stephen Vather, vice president of corporate development and investor relations at ManTech, said Wednesday at the Baird Government & Defense conference. He added that some companies have been on the lookout for smaller acquisitions that could help build up their operating models.
Randy Phillips, senior VP of corporate development at Leidos, said he expects divestitures to œpop from the recent M&A wave.
Tim Schmitt, VP of corporate development at Parsons, said companies with defense-cleared personnel and platforms that complement an acquirer™s tech service offerings could draw the attention of potential buyers.
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