M&A Activity

Tiger Midco, an affiliate of funds managed by alternative investment manager Apollo Global Management’s (NYSE: APO) affiliates, has increased its offer to acquire information technology distribution company Tech Data (Nasdaq: TECD) from $130 in cash per share to $145 per share, or approximately $6B, under an amended deal.

Curtiss-Wright (NYSE: CW) has agreed to acquire electronic systems producer 901D Holdings for approximately $132M in cash as part of efforts to expand its work with the U.S. Navy on shipbuilding programs.

Kellstrom Defense, an El Segundo, Calif.-based aircraft sustainment services provider to the military sector, has acquired Airborne Technologies Inc. for an undisclosed sum.

Executives from Leidos (NYSE: LDOS), ManTech International (Nasdaq: MANT), Parsons (NYSE: PSN) and Jacobs Engineering Group (NYSE: JEC) said they believe divestitures of smaller business units resulting from major mergers and acquisitions in the past two years could drive the next wave of M&As in the government contracting market, the Washington Business Journal reported Wednesday.

Cubic (NYSE: CUB) has exercised an option in a purchase agreement to acquire the remaining 80 percent stake in Herndon, Va.-based commercial software firm Pixia for approximately $200M.

The U.K. government is likely to approve a deal for Advent International to acquire aerospace and defense contractor Cobham after the Boston-based private equity firm proposed several measures to address potential national security risks from the combination, Reuters reported Tuesday.

NV5 Global (Nasdaq: NVEE) has agreed to acquire geospatial data firm Quantum Spatial from Arlington Capital Partners for $303M.

Funds managed by alternative investment manager Apollo Global Management’s (NYSE: APO) affiliates have agreed to acquire information technology distribution company Tech Data (Nasdaq: TECD) for approximately $5.4B, or $130 in cash per share.

Leonardo has made an investment in unmanned aircraft technology startup Skydweller Aero in a move to accelerate the deployment of the latter’s solar-powered drone platform.

Advance, a family-owned business that invests in technology, communications and media companies, has completed its purchase of Allied Minds’ minority stake in HawkEye 360.