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.
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