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M&A Activity

Jacobs Buys Blue Canopy to Further Digital Tech Strategy; Darren Kraabel Comments

Jacobs Engineering Group (NYSE: JEC) has purchased Reston, Virginia-based information technology services provider Blue Canopy for an undisclosed sum in a strategy to expand the former’s digital platforms offered under a connected enterprise framework. Jacobs said Thursday it aims to broaden the Jacobs Connected Enterprise framework’s digital systems designed to …

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Reports: UTC Nears Deal to Acquire Rockwell Collins

United Technologies Corp. (NYSE: UTX) is close to finalizing an agreement to buy Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the industrial conglomerate aims to expand its aerospace business, Reuters reported Tuesday. A source familiar with the negotiations told Reuters the companies are close to reaching an agreement on …

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Forcepoint Buys Analytics Firm RedOwl in Human-Focused Security Push

Forcepoint, a cyber technology joint venture led by Raytheon (NYSE: RTN), has acquired  Baltimore, Maryland-based security analytics company RedOwl as part of efforts to help enterprise customers adopt human-centric cybersecurity systems. RedOwl designed its analytics platform for organizations to gain insight into anomalous behavior and access among people, devices, data and applications in real time, Forcepoint …

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John Foley: DSA Leveraged Growth Strategy in PPC Acquisition

John Foley, executive vice president and chief financial officer of Data Systems Analysts, has said the professional services contractor utilized “recent growth” to acquire information technology and management consulting provider Project Performance Company, Philly.com reported Tuesday. Trevose, Pennsylvania-based DSA bought PPC in July as part of a push to expand cloud computing and legacy …

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HIG Closes $283M NCI Acquisition

Government information technology services provider NCI has been purchased and taken private by H.I.G. Capital in a cash deal worth approximately $283 million. H.I.G. wrapped up the acquisition one day after the completion of the investment firm’s $20-per-share tender offer for the Reston, Virginia-based contractor. Rick Rosen, an H.I.G. executive managing director, said in …

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HIG Completes Tender Offer for NCI Shares, Eyes Close of Acquisition on Aug. 15

Private investment firm H.I.G. Capital has closed a tender offer of $20.00 per outstanding share of NCI (Nasdaq: NCIT) common stock Saturday as part of the former’s pending $283 million cash acquisition of the Virginia-based government information technology firm. The companies said Monday the tender offer covers 7,424,366 shares of Class A common stock …

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KeyLogic Eyes Biometrics Services Expansion Through CrossResolve Buy

KeyLogic Systems has purchased Morgantown, West Virginia-based forensics and identity management services provider CrossResolve for an undisclosed sum in a push to expand the former’s biometrics service offerings. KeyLogic said Wednesday it plans to leverage CrossResolve’s relationships and contracts in support of federal agencies such as the FBI and the departments …

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Accenture Closes Phase One Buy in Federal Cloud Market Push

Accenture (NYSE: ACN) has wrapped up its acquisition of Alexandria, Virginia-based federal government cloud services provider Phase One Consulting Group for an undisclosed sum. Both companies first announced the deal in June and Accenture said Tuesday it made the acquisition to expand its Salesforce (NYSE: CRM) and cloud offerings in the federal market. It marks Accenture’s seventh Salesforce-related …

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Report: UTC Eyes Rockwell Collins Acquisition

United Technologies Corp. (NYSE: UTX) is exploring an acquisition of Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the global industrial conglomerate looks to further expand its aerospace business, Bloomberg reported Saturday. Sources familiar with the matter told Bloomberg it is yet unclear whether the two firms are in discussions over …

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Jacobs to Purchase CH2M in Potential $3.27B Deal

Jacobs Engineering Group (NYSE: JEC) has agreed to buy CH2M through an estimated $3.27 billion transaction as both companies aim to deliver additional infrastructure and engineering services to government and private sector clients. Dallas, Texas-based Jacobs said Wednesday it will pay $2.85 billion in cash and stock for CH2M and assume …

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