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.
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
