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M&A Activity

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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L3 Acquires ASV Global in Unmanned Maritime Tech Expansion Push; Christopher Kubasik Quoted

L3 Technologies (NYSE: LLL) has purchased unmanned surface vessel developer ASV Global for an undisclosed sum in a move to expand its autonomous maritime capabilities. The acquired company will operate as L3 ASV and will help L3 broaden its range of offerings such as integrated unmanned undersea and surface vessels, autonomous off-board …

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NewSpring Holdings Creates Fourth Government Services Platform Through Sentinel Acquisition; Andy Maner Quoted

NewSpring’s holding company has expanded its reach in the federal services market through its purchase of The Sentinel Company for an undisclosed amount. NewSpring Holdings said Thursday the acquisition led to the creation of its fourth government services platform, which will be led by Sentinel CEO Andy Maner. Maner said …

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System One Buys Federal IT Services Contractor TPGS; Troy Gregory, Billy Hinson Quoted

Pittsburgh, Pa.-based workforce services provider System One has acquired Reston, Va.-based intelligence services contractor TPGS for an undisclosed amount as part of efforts to expand its information technology offerings for federal civilian and defense clients. “The expertise and reputation of TPGS aligns with System One’s strategy of providing mission critical services, …

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AE Industrial Partners Buys Defense Engineering Services Firm Gryphon; David Rowe, P.J. Braden Quoted

AE Industrial Partners has purchased Washington, D.C.-based technical and defense engineering services contractor Gryphon Technologies for an undisclosed amount. The Boca Raton, Fla.-based private equity firm said Thursday it will integrate Gryphon with the government services subsidiary of its portfolio company CDI. Gryphon provides services across defense platforms and integration, marine engineering …

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SAIC Announces Plans to Acquire Engility

Science Applications International Corp. (NYSE: SAIC) announced Monday its plans to acquire Engility Holdings Inc. (NYSE: EGL), in a deal valued at $2.5 billion. If completed, the all-stock transaction will create the second largest independent technology integrator serving government clients. “The highly complementary portfolios, combined with our similar cultures, operating …

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