M&A Activity

Peraton Unveils Four Business Sectors in Reorganization; Stu Shea Quoted

Stu Shea President and CEO Peraton

Peraton has reorganized its operations into four business sectors, created three new executive positions and added five new members to the company's executive leadership team. The realignment comes after Peraton's private equity owner Veritas Capital acquired the information technology and mission support business from Northrop Grumman (NYSE: NOC).

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HII’s UniversalPegasus Subsidiary Acquired by PMC Capital; Andy Green Quoted

Andy Green President HII Technical Solutions

Private equity firm PMC Capital Partners has acquired Houston-based UniversalPegasus International, an engineering design and project management services provider to the energy sector, from Huntington Ingalls Industries (NYSE: HII) for an undisclosed sum. UniversalPegasus became part of HII in June 2014.

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Carlyle Forms Two Six Technologies Via IST Research-Two Six Labs Merger; Joe Logue Named CEO

Joe Logue CEO Two Six Technologies

An affiliate of global investment firm The Carlyle Group (Nasdaq: CG) has acquired and combined Two Six Labs and IST Research to establish a technology platforms provider, Two Six Technologies, to the Department of Defense, Intelligence Community and other U.S. national security clients. Joe Logue, formerly an executive vice president at Booz Allen Hamilton (NYSE: BAH), will serve as CEO of the combined entity.

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TPG to Buy Majority Stake in Privileged Access Mgmt Tech Provider Centrify

Centrify

Global alternative asset firm TPG has agreed to purchase a majority stake in Centrify from Thoma Bravo for an undisclosed sum in a move to help Centrify expand its presence in the privileged access management and identity security market. Art Gilliland, formerly head of Symantec Enterprise, will succeed Flint Brenton as CEO of Centrify as part of the transaction.

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DXC Receives Acquisition Bid From French IT Firm Atos

DXC

France-based information technology services provider Atos SE has made an unsolicited bid to acquire Tysons, Virginia-based IT company DXC Technology (NYSE: DXC). DXC was formed out of the merger between Computer Sciences Corp. and the enterprise services business of Hewlett Packard Enterprise (NYSE: HPE) in 2017 and helped form Perspecta (NYSE: PRSP) in 2018 via a three-way deal with Vencore and KeyPoint Government Solutions.

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