Home / M&A Activity (page 140)

M&A Activity

WBB Merges With NetStar-1 to Target Management Consulting Market

Whitney, Bradley and Brown Inc. and federal management consulting firm NetStar-1 have merged their business operations, effective immediately, according to a joint release. The new company will operate as WBB, employ more than 500 employees and expects to generate more than $130 million in revenue. The merger follows a major investment …

Read More »

ASRC Merges Primus, WTSI Subsidiaries

ASRC Federal Holding Co. merged its World Technical Services Inc. subsidiary into Primus Solutions Inc., effective Jan. 1, ASRC announced Tuesday. Primus President Rick Payne will lead the combined businesses. Primus assumes all rights and obligations concerning WTSI’s customers. ASRC Federal President and CEO Ken Asbury said the company decided to merge …

Read More »

Salient to Buy IT, Intel Analytics Firm ATS for $73M

Salient Federal Solutions agreed to acquire McLean, Va.-based information technology firm ATS Corp. for nearly $73 million cash, or $3.20 per share. Salient said it will start the tender offer no later than Feb. 28 and expects the tender to close either late in the first quarter or early in …

Read More »

L-3 Completes $210M KEO Acquisition

L-3 Communications (NYSE: LLL) completed its $210 million purchase of Danaher Corp.’s former electronic and optical systems equipment unit, according to an L-3 announcement. L-3 announced in December it would acquire the Kollmorgen Electro-Optical unit and integrate KEO into L-3’s integrated sensor systems organization. L-3 said the unit will conduct business as …

Read More »

ICF Makes Offer to Buy UK Consulting Firm, Eyes International Expansion

ICF International Inc. (NYSE: ICFI) has made a cash offer to acquire London-based consulting firm GHK Holdings, ICF announced Monday. ICF did not disclose the dollar amount and said it expects the acquisition to be earnings neutral in 2012. ICF expects the acquisition to close by the end of the …

Read More »

CRGT Acquiring CIBER’s Federal Division for $40M Cash

CRGT Inc. will buy CIBER Inc.’s (NYSE: CBR) federal division for $40 million cash, CIBER said Monday. CIBER said it expects to generate $35 million in net cash proceeds from the transaction. The company said it plans to dedicate the proceeds “in excess of $25 million” to reduce its revolving credit …

Read More »

BAE Forms Team to Pursue Potential $2B Army Plant Contract

BAE Systems and Olin Corp.’s Winchester ammunition division have formed a joint venture to pursue a contract to manage and operate a U.S. Army ammunition plant, the companies announced Monday. U.S. Munitions LLC will submit a proposal for the contract, which the joint venture said could award more than $2 …

Read More »

Lockheed Acquires Unmanned Avionics Firm Procerus Technologies

Lockheed Martin (NYSE: LMT) has acquired Procerus Technologies for an undisclosed amount, Lockheed announced Tuesday. Procerus specializes in autopilot and avionics for micro unmanned aerial systems. Lockheed said its mission systems and sensors business will manage Procerus. “This acquisition is consistent with our focus on acquiring capabilities that enhance our …

Read More »

Ericsson Closes $1.15B Deal to Buy Telcordia

Ericsson (NASDAQ: ERIC) announced Thursday it has closed its $1.15 billion cash acquisition of Telcordia. Ericsson expects the deal to increase its earnings per share in the year after closing. Telcordia and its employees are now part of the Ericsson Group. Ericcson’s business unit Multimedia will manage Telcordia, although Ericsson said Telcordia’s …

Read More »

ManTech Purchases Federal Healthcare Systems Integrator

ManTech International Corp. (NASDAQ: MANT) has completed its acquisition of federal healthcare systems integrator Evolvent Technologies Inc. for an undisclosed amount. ManTech said in an announcement that it expects the deal to increase its earnings per share in 2012. The company also expects the deal to generate growth and improve …

Read More »