M&A Activity

The U.K. government is likely to approve a deal for Advent International to acquire aerospace and defense contractor Cobham after the Boston-based private equity firm proposed several measures to address potential national security risks from the combination, Reuters reported Tuesday.

NV5 Global (Nasdaq: NVEE) has agreed to acquire geospatial data firm Quantum Spatial from Arlington Capital Partners for $303M.

Funds managed by alternative investment manager Apollo Global Management’s (NYSE: APO) affiliates have agreed to acquire information technology distribution company Tech Data (Nasdaq: TECD) for approximately $5.4B, or $130 in cash per share.

Leonardo has made an investment in unmanned aircraft technology startup Skydweller Aero in a move to accelerate the deployment of the latter’s solar-powered drone platform.

Advance, a family-owned business that invests in technology, communications and media companies, has completed its purchase of Allied Minds’ minority stake in HawkEye 360.

Cadence Aerospace, a portfolio company of Arlington Capital Partners, has acquired Southwick, Mass.-based defense and aerospace engine components manufacturer B&E from MPE Partners for an undisclosed sum.

Los Angeles-based space systems technology firm LinQuest has closed its acquisition of data analytics provider The Perduco Group in a push to advance its strategic growth plan and expand the delivery of artificial intelligence, mission planning, decision analytics and machine learning capabilities to intelligence community and military clients.

Broadcom (Nasdaq: AVGO) has wrapped up its acquisition of Symantec’s (Nasdaq: SYMC) enterprise security assets for approximately $10.7B.

LMI has acquired software company Clockwork Solutions for an undisclosed sum as the Tyson, Va.-based nonprofit consulting firm aims to grow its analytics portfolio and further invest in asset management platforms.  “We're especially excited to grow our footprint in Austin, Texas, getting closer to both our critical customers and the vibrant innovation ecosystem there," noted David Zolet, president and CEO of LMI and a 2019 Wash100 awardee.

PAE, a portfolio company of investment firm Platinum Equity, has agreed to merge with special purpose acquisition company Gores Holdings III (Nasdaq: GRSH) in a push to advance its strategic plan and growth efforts.