M&A Activity

BAE to Develop Military GPS Receiver, Chip Under $247M Space Force Contract; Greg Wild Quoted

The U.S. Space Force’s Space and Missile Systems Center has awarded BAE Systems a potential $247 million contract to design and build and manufacture a military GPS receiver and application-specific integrated circuit to provide warfighters with positioning, navigation and timing capabilities as they carry out missions in austere environments. The …

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LexisNexis Risk Solutions, Accuity Announce Merger; Haywood Talcove Quoted

LexisNexis Risk Solutions and Accuity have agreed to merge their operations to establish a combined entity focused on providing financial crime compliance and risk offerings for government and enterprise customers. Accuity will operate under the LexisNexis Risk Solutions organization as a result of the merger transaction, the companies said in …

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Serco to Buy WBB for $295M in Defense Support Expansion Push; Dave Dacquino Quoted

Serco Group’s North American division has agreed to acquire Reston, Virginia-based management consultancy Whitney, Bradley & Brown for approximately $295 million in a move to grow acquisition and program management service offerings for the Department of Defense. Serco Inc. said Tuesday it expects to complete the acquisition in the second …

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Roger Krone: Leidos Eyes ‘Complementary Acquisitions’ to Continue Growth Push

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and 2021 Wash100 awardee, said the company wants to continue pursuing mergers and acquisitions amid the consolidation and competition for big information technology contracts within the federal market, the Washington Business Journal reported Friday. “For us, now is not a time …

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Arlington Capital to Buy Another Aircraft Structure Factory From Triumph Group

Triumph Group sells aircraft parts factory in Red Oak

Arlington Capital Partners has agreed to purchase Triumph Group's manufacturing facility in Red Oak, Texas, for composite and metallic aircraft components, six months after both parties announced an initial agreement under which the private equity firm will acquire a pair of composite facilities run by Triumph Aerospace Structures.

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Tyler Technologies Strikes $2.3B All-Cash Deal for NIC; Lynn Moore, Harry Herington Quoted

Lynn Moore President and CEO Tyler Technologies

Tyler Technologies (NYSE: TYL), a Plano, Texas-based provider of integrated software to the public sector, has agreed to acquire NIC (Nasdaq: EGOV) for approximately $2.3 billion, or $34 in cash per share, to expand the delivery of end-to-end platforms to federal, state and local governments. The all-cash transaction has been approved by the boards of directors of NIC and Tyler and is expected to be finalized in the second quarter of 2021, subject to approvals by NIC stockholders and regulators and other customary closing conditions.

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Cybersecurity Firm Appgate Signs Merger Deal With Newtown Lane Marketing; Barry Field Quoted

Barry Field CEO Appgate

Appgate, a Miami-based cybersecurity platform provider, has agreed to merge with publicly traded shell company Newtown Lane Marketing. The merger is expected to be finalized in the second quarter of 2021 and will provide Appgate access to capital to scale, advance growth initiatives and accelerate go-to-market strategies as part of a publicly traded combined entity. 

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Veritas, Evergreen Coast Capital to Buy Cubic for $2.8B; Ramzi Musallam, Bradley Feldmann Quoted

Ramzi Musallam CEO and Managing Partner Veritas Capital

Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, have agreed to acquire Cubic (NYSE: CUB) for approximately $2.8 billion, or $70 in cash per share. The all-cash transaction includes the assumption of debt and is expected to be finalized during the second quarter of 2021, subject to regulatory clearances, shareholder approval and other customary closing conditions.

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