Author: Jane Edwards|| Date Published: August 1, 2017
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 Monday.
NCI initially announced the transaction in early July as the Reston, Virginia-based contractor aims to advance its growth strategy as well as deliver agile software development support and artificial intelligence platforms to federal clients.
The transaction remains subject to the tender of shares of NCI common stock and other customary closing conditions.
Both companies expect the deal to conclude in the third quarter of 2017.
An affiliate of H.I.G. Capital will operate NCI as a wholly owned subsidiary upon the deal™s closure.
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…
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).
