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M&A Activity

Veritas Capital Finalizes the Purchase of Harris Corporation’s Government IT Services Business

Veritas Capital completed the $690 million cash acquisition of Harris Corporation’s (NYSE:HRS) Government IT Services Business. The Harris acquisition will round out Veritas’ portfolio of twelve companies and enhance their position within the Aerospace & Defense industry. Veritas Capital purchased government services contractor Alion Science and Technology in 2015 for what …

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Constellis Finalizes Centerra Group Purchase

Reston, Virginia-based risk management and operational support services contractor Constellis has closed its acquisition of Palms Beach Gardens, Florida-based Centerra Group and its subsidiaries from an affiliate of Alvarez & Marsal Capital for an undisclosed sum. Both companies first announced the deal in March and Constellis said Friday the acquisition will help strengthen its professional relationships …

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George Wilson: ECS Federal Buys InfoReliance in Cyber, Cloud Delivery Expansion Push

ECS Federal has purchased cloud and cybersecurity services provider InfoReliance for an undisclosed amount in a move to expand the delivery of cybersecurity, cloud and agile software platforms to clients in the intelligence and defense markets. InfoReliance CEO Andrew Butler will move to ECS to serve as a senior vice …

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Rockwell Collins Closes $8.6B B/E Aerospace Buy in Product Portfolio Diversification Push

Rockwell Collins (NYSE: COL) has wrapped up its purchase of airline cabin equipment provider B/E Aerospace (Nasdaq: BEAV) for approximately $8.6 billion in a push to diversify and expand its product portfolio and accelerate its global growth initiatives. The companies originally disclosed the $6.4 billion cash-and-stock transaction in October 2016 and Rockwell …

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CenturyLink, Level 3 Get 4 Additional State Clearances for Planned $34B Merger

CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) have received regulatory clearances in Maryland, Delaware, Hawaii and Washington, D.C., for the companies’ planned merger that was announced in October 2016. The approvals are in addition to the clearances the firms earlier received from the states of Connecticut, Georgia, Indiana, Louisiana, Nevada, Ohio, Texas, Utah and …

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Buchanan & Edwards Buys Nat’l Security Consulting Firm R2C; Dennis Kelly Comments

Arlington, Virginia-based government technology advisory services company Buchanan & Edwards has bought Fairfax, Virginia-based Reports and Requirements Company in a push to grow analytics offerings for customers in the national security sector. R2C offers consulting services to intelligence community and national security customers in the areas of data governance, data curation, cyber intelligence, collection management and intelligence training, Buchanan …

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Belcan Agrees to Buy Schafer, Taps Lee Shabe to Lead Newly Formed Govt Services Segment

Belcan, a portfolio company of private investment firm AE Industrial Partners, has agreed to buy Schafer Corp. from Metalmark Capital Partners for an undisclosed amount in a move to expand its technical and engineering service offerings. Both companies expect to complete the transaction in the second quarter of 2017, Belcan said Thursday. Belcan CEO …

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Michael Strianese: L3 Eyes Tactical UUV Market With OceanServer Buy

L3 Technologies (NYSE: LLL) has bought autonomous unmanned undersea vehicle manufacturer OceanServer Technology for an undisclosed sum, a move that Chairman and CEO Michael Strianese said marks L3’s expansion push into the UUV market. Fall River, Massachusetts-based OceanServer builds lightweight UUVs for military, commercial and international clients, L3 said Tuesday. The business was …

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KEYW Wraps Up $235M Sotera Purchase

KEYW Corp. (Nasdaq: KEYW) has wrapped up its $235 million cash acquisition of Herndon, Virginia-based national security technology contractor Sotera Defense Solutions. Hanover, Maryland-based KEYW completed the transaction a month after it agreed to acquire Sotera as part of efforts to advance strategic growth and expand footprint in the intelligence community. Both companies expect the …

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McAfee Relaunches as Independent Security Company

McAfee has officially launched as a stand-alone cybersecurity firm after Intel (Nasdaq: INTC) completed the spinoff of the latter’s security business through an approximately $4.2 billion deal with private equity firm TPG. Chris Young, a senior vice president and general manager at Intel, will serve as CEO of McAfee and Bryan Taylor, a partner …

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