M&A Activity

Parsons Buys Federal Operations Services Provider; Chuck Harrington Comments

Parsons Corp. has acquired a provider of operations and maintenance services services to federal, state and local government agencies for an undisclosed amount. First Support Services, formerly a subsidiary of FirstGroup, holds the majority of its contracts with the U.S. Air Force and Navy, Parsons said Friday. Chuck Harrington, Parsons …

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KPMG Buys Hackett Group’s Oracle ERP Practice; Stephen Lis Comments

KPMG LLP has acquired an Oracle (NASDAQ: ORCL) enterprise resource planning practice from The Hackett Gruop, a global strategic advisory and business transformation consulting firm. Financial terms of the deal were not disclosed and KPMG becomes The Hackett Group’s preferred provider of Oracle ERP implementation services, KPMG said Wednesday. Stephen …

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BAE Sells Commercial Armored Vehicles Business; Bill O’Gara Comments

BAE Systems has sold its commercial armored vehicles business to a Cincinnati-based security and defense company for $10 million. The O’Gara Group acquires a business it formerly owned until 2001 and the transaction reunites the business’ former owners, members of management and other employees, the company said Monday. O’Gara renamed …

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Report: Carlyle Group Preparing Sale Of ARINC

Carlyle Group is preparing to sell ARINC at a private auction later this spring, according to Reuters. A sale of the Annapolis, Md.-based aerospace and defense company could be worth between $1.2 billion and $1.5 billion to Carlyle, according to Soyoung Kim’s report. Carlyle acquired ARINC from six U.S. airlines …

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GovCon Wire Tracks The Latest Industry Deals, Remakings

The mission of Government Contracting Wire, the long-form name of what readers know as GovCon Wire, is to give readers the latest up-to-the-minute information on business activity of the sector’s largest firms. GovCon Wire keeps readers abreast of the latest mergers and acquisitions in the GovCon space and gives readers …

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SAIC Keeping Name For Planned IT, Services Company; Stu Shea, Tony Moraco Comment

The other business focused in national security, health and engineering will take on the name “Leidos, ” intended to reflect how the company brings together ideas from different angles and representing a kaleidoscope, SAIC said Monday. Tony Moraco will serve as CEO of SAIC and John Jumper will lead Leidos …

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CSC Selling Hardware, Software Reselling Unit For $90M; Mike Lawrie Comments

  Computer Sciences Corp. (NYSE: CSC) has agreed to sell its enterprise hardware and software reselling business to a Japan-based conglomerate for $90 million cash. CSC expects the transaction, its fourth divestiture within the last four months, to close in March 2013, the company said Wednesday. The Falls Church, Va.-based …

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Abt Associates Buys Health, Social Sector Consultant; Kathleen Flanagan Comments

Abt Associates has acquired health and social sector consulting firm JTA International for an undisclosed amount, aiming to grow Abt’s client base in the international health and development markets. Brisbane, Australia-based JTA will be renamed Abt JTA and operate as a subsidiary, Abt said Wednesday. JTA founder Jane Thomason will …

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Dell To Go Private In $24B Deal, Microsoft Providing $2B

Dell (NYSE: DELL) has agreed to be acquired by global technology investment firm Silver Lake and founder Michael Dell in a deal worth approximately $24.4 billion that will take the company private. The company said it expects the deal to close before the end of the second quarter of its …

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Harris Wraps Up $225M Broadcast Group Sale

Harris Corp. (NYSE:HRS) has completed the sale of its broadcast communications business to an affiliate of The Gores Group LLC for $225 million, Harris said Tuesday. The transaction value includes $160 million in cash, a $15 million subordinated promissory note and a potential $50 million earnout based on the group’s …

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