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M&A Activity

Pacem Makes Defense Tech Market Push Through Amtec Less Lethal Systems Buy

Pacem Solutions International has completed its acquisition of tactical, operational and training equipment manufacturer Amtec Less Lethal Systems for an undisclosed sum. Falls Church, Va.-based Pacem said Thursday the deal would allow the company to expand into the defense and security markets across Middle East and Africa, East Europe and Asia. Michael Quesenberry, former president of ordnance and …

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Enlightenment Capital Launches National Security-Focused Company

Enlightenment Capital has formed a company with the goal to provide defense and intelligence technologies and support services for the U.S. government’s national security missions. Everwatch is headquartered in Ashburn, Va., and consolidates four entities acquired by Enlightenment, the investment group said Monday. “We are thrilled to join forces with Enlightenment, as …

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Harris, L3 to Merge in All-Stock Transaction; Christopher Kubasik, William Brown Quoted

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) have agreed to merge in an all-stock deal that will establish the country’s sixth largest defense technology company serving government and industry clients across more than 100 countries. The combined company will operate as L3 Harris Technologies in Melbourne, Fla., upon the deal’s …

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Maximus to Buy General Dynamics’ Citizen Engagement Centers in $400M Cash Deal; Bruce Caswell Quoted

Maximus (NYSE: MMS) has agreed to buy federal citizen engagement centers of General Dynamics (NYSE: GD) information technology business for $400M in cash in a move to expand its capabilities in citizen services delivery. The company “is strengthening its position with some of the largest mission-critical federal civilian programs,” Bruce Caswell, Maximus president …

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Boeing Closes KLX Purchase; Stan Deal Quoted

Boeing (NYSE: BA) has wrapped up its $3.2B cash acquisition of Florida-based aviation parts and services provider KLX. The transaction is part of Boeing’s aerospace services market push and expands its offerings for defense, business, commercial and general aviation clients, the company said Tuesday. The Chicago-based planemaker first announced the …

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Tom Reilly: Cloudera-Hortonworks Merger Aims to Help Enterprises Work Across All Cloud Providers

Tom Reilly, CEO of Cloudera (NYSE: CLDR), told CNBC in an interview that aired Friday the proposed merger of the Palo Alto, Calif.-based software firm with Hortonworks (Nasdaq: HDP) will create a new company that will deliver software across all major cloud service providers. “We work on Amazon, Microsoft, Google, the IBM Cloud, …

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DOJ Clears UTC’s $30B Purchase of Rockwell Collins

The Justice Department has given antitrust approval to United Technologies Corp. (NYSE: UTX) to pursue its approximately $30B acquisition of Rockwell Collins (NYSE: COL), Bloomberg reported Tuesday. UTC announced in September 2017 that it agreed to pay approximately $23B in cash and stock and assume $7B in net debt from the Cedar Rapids, …

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Report: AM General Could Seek Potential Buyers

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 …

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HIG Capital Takes Majority Stake in Iron Bow

H.I.G Capital has purchased a majority interest in Iron Bow Technologies, an information technology products and services provider to federal customers. The Miami-based private equity firm said Friday the deal marks its third government services market investment and it aims to help grow Iron Bow’s footprint in the public and …

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Boeing Closes Millennium Space Systems Buy

Boeing (NYSE: BA) has wrapped up its purchase of Millennium Space Systems in a move that adds small satellite technologies to the Chicago-based aerospace contractor’s portfolio. El Segundo, Calif.-based Millennium Space Systems will operate as part of its parent company’s Phantom Works research-and-development unit, Boeing said Tuesday. The closing of the deal comes nearly …

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