Author: Mary-Louise Hoffman|| Date Published: October 2, 2018
AM General has tapped financial services firm Macquarie Group to seek out buyers for the South Bend, Ind.-based military ground vehicle manufacturer, Reuters reported Tuesday.
Reuters estimates AM General is worth more than $2B based on the company’s recent contract wins and its limited liability corporation structure, which could offer a “favorable” tax rate for the buyer.
Last month, the Army awarded the company a $562M contract to produce ambulance-configured High Mobility Multipurpose Wheeled Vehicles and another $51M contract to refurbish some of the service’s current Humvees.
Unnamed sources told Reuters that AM General could attract bids from other military vehicle builders such as BAE Systems, General Dynamics (NYSE: GD) and Oshkosh Corp. (NYSE: OSK).
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
AM General has tapped financial services firm Macquarie Group to seek out buyers for the South Bend, Ind.-based military ground vehicle manufacturer, Reuters reported Tuesday.
