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Search Results for: HIG Capital

FTC Clears HIG Capital’s $283M NCI Purchase

The Federal Trade Commission has given antitrust approval for global private equity firm H.I.G. Capital’s proposed $283 million cash acquisition of government information technology services contractor NCI (Nasdaq: NCIT). FTC granted early termination of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, NCI said …

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HIG Capital Inks $283M Cash Deal for NCI; Paul Dillahay Comments

Global private equity firm H.I.G. Capital has agreed to acquire Reston, Virginia-based government information technology services provider NCI (Nasdaq: NCIT) for approximately $283 cash, or $20 per share. NCI said Monday its board of directors unanimously approved the proposed sale and that founder and Chairman Charles Narang will tender all of …

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HIG Acquires WBB to Expand Govt Market Footprint; Robert Olsen, Jeff Zanarini Comment

Private equity investment firm H.I.G. Capital has bought Reston, Virginia-based program management and consulting services provider Whitney, Bradley and Brown for an undisclosed sum. WBB CEO Robert Olsen said in a statement published Tuesday the company aims to utilize H.I.G.’s resources in efforts to expand services for federal agency customers. WBB …

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Highlights From The Bridge on November 12th: How The Private Sector Can Help Rebuild The Infrastructure of The Hurricane Impacted Areas

On November 12th at 11 am on WJLA; and 6PM on News Channel 8 Host of The Bridge Jim McCarthy was joined by Dale Morris, Senior Economist, Embassy of the Netherlands, Harriet Tregoning, Former Principal Deputy Assistant Secretary for Community Planning and Development, HUD and Alex Kaplan, Head, North America & Senior Vice …

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Intel Capital Makes $60M Investment to Support 15 Tech Startups

TYSONS CORNER, VA, Oct. 24, 2017 — Intel‘s (Nasdaq: INTC) investment arm has placed more than $60 million in funds to support 15 startups as they work to develop cybersecurity, analytics, machine learning, artificial intelligence and autonomous technologies, ExecutiveBiz reported Monday. The company said Thursday the startups from Canada, China, Israel, Japan …

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HighPoint Global Eyes Citizen Experience Services Expansion Via Primescape Buy; Cal Shintani Comments

HighPoint Global has acquired Herndon, Virginia-based information technology platforms and services contractor Primescape Solutions for an undisclosed sum in an effort to advance the delivery of citizen experience services to government agencies. The combined company is projected to record approximately $140 million in annual revenue and will provide CX support …

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HIG Closes $283M NCI Acquisition

Government information technology services provider NCI has been purchased and taken private by H.I.G. Capital in a cash deal worth approximately $283 million. H.I.G. wrapped up the acquisition one day after the completion of the investment firm’s $20-per-share tender offer for the Reston, Virginia-based contractor. Rick Rosen, an H.I.G. executive managing director, said in …

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HIG Completes Tender Offer for NCI Shares, Eyes Close of Acquisition on Aug. 15

Private investment firm H.I.G. Capital has closed a tender offer of $20.00 per outstanding share of NCI (Nasdaq: NCIT) common stock Saturday as part of the former’s pending $283 million cash acquisition of the Virginia-based government information technology firm. The companies said Monday the tender offer covers 7,424,366 shares of Class A common stock …

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SAP NS2 Gets FedRAMP Authorization on Human Capital Mgmt Tools for DoD

TYSONS CORNER, VA, July 24, 2017 — SAP National Security Services (NYSE: SAP) has secured certification under the Federal Risk and Authorization Management Program for a suite of cloud-based human capital management tools, ExecutiveBiz reported Friday. The company said Thursday FedRAMP authorized the deployment of the SAP NS2 Secure Node with SAP SuccessFactors …

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Stu Shea Named CEO of MHVC, Recent Acquisition of Veritas Capital

Stu Shea has been named Chief Executive Officer of MHVC Acquisition Corp., (MHVC) formerly Harris Corporation’s Government Services business, a recent acquisition of Veritas Capital. MHVC is operating as a standalone company and will launch the new brand soon, Veritas Capital announced in a press release. Previously, Shea was President and Chief …

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