Author: Darwin McDaniel|| Date Published: January 31, 2019
Ken Asbury
CACI International (NYSE: CACI) has agreed to acquire Herndon, Va.-based government technology contractor LGS Innovations and purchased Rochester, N.Y.-based rugged equipment manufacturer through a pair of deals worth approximately $975M combined.
Ken Asbury, president and CEO of CACI and a 2019 Wash100 winner, said in a statement released Wednesday combining the three companies will offer advantages for defense and intelligence customers.
Mastodon Design offers signals intelligence, electronic warfare and cyber technology platforms that employ a small form factor design.
CACI will pay $750M to buy LGS from Madison Dearborn Partners and CoVant Management in a push to grow footprint in the command, control, communications, computers, intelligence, surveillance, reconnaissance and cyber market areas.
The Arlington, Va.-based company estimates its revenue will increase by $480M over the next 12 months as a result of the two acquisitions and expects both deals to be accretive to the company’s net income and earnings per share.
Gibson, Dunn & Crutcher and J.P. Morgan Securities respectively served as the legal counsel and financial adviser to CACI in the LGS transaction.
The Department of Homeland Security’s Office of Procurement Operations has released a request for proposals for its Cellular Wireless Managed Services,…
Mike Spagna has been promoted to president of HighPoint Digital. The Indianapolis-based IT and customer experience services provider said Spagna assumes the…
The U.S. Navy has released a solicitation for a potential $349.4 million indefinite-delivery/indefinite-quantity contract to provide engineering and technical support…
Bugcrowd has acquired Mayhem Security, a provider of artificial intelligence-enabled offensive security tools and services. Following the transaction’s completion, Bugcrowd…
