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M&A Activity

CSC Shareholders OK Combination With HPE Enterprise Services Segment

Shareholders at Computer Sciences Corp. (NYSE: CSC) have approved the pending merger of CSC with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment. CSC said Monday holders of approximately 84.92 percent of outstanding shares in the company voted in favor of the transaction. HPE and CSC announced the proposed merger in May 2016 …

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Deloitte Buys Day1 Solutions in Cloud Service Expansion Push

Deloitte has purchased McLean, Virginia-based cloud consulting firm Day1 Solutions for an undisclosed sum in a move to build up its cloud offerings and capabilities as well as expand its client base in both commercial and public sectors. Luis Benavides, founder and CEO of Day1 Solutions, said in a statement …

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KeyW-Sotera Deal Gets FTC Green Light, Firms Target 2Q 2017 for Closure

The Federal Trade Commission has given its approval for KeyW‘s (Nasdaq: KEYW) proposed $235 million all-cash acquisition of Sotera Defense Solutions. The FTC terminated the required 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the early termination notice brings the deal a step closer to completion, KeyW said Monday. KeyW first announced the …

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Easterly to Buy 2 VA Healthcare Facilities in Govt Property Market Push

Easterly Government Properties (NYSE: DEA) has agreed to buy two Department of Veterans Affairs medical centers for a combined purchase value of $260 million. Washington-based Easterly is a real estate investment trust that acquires, develops and manages Class A buildings leased primarily to the federal government. The company said Tuesday the first deal covers the acquisition …

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CenturyLink, Level 3 Shareholders OK $34B Merger Deal

Shareholders at CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) have separately approved the deal originally announced in October 2016 for CenturyLink to buy Level 3 for approximately $34 billion in a cash-and-stock transaction. Holders of approximately 81.2 percent of all outstanding shares in Level 3 voted in favor of the merger …

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Constellis to Buy Centerra Group in Public Sector Risk Mgmt Push

Constellis has agreed to buy Centerra Group and its subsidiaries from an Alvarez & Marsal Capital affiliate for an undisclosed sum in a move to expand Constellis’ U.S. footprint and build up its relationships with government customers in the risk management sector. Both companies expect to complete the transaction in the …

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KeyW Inks $235M Cash Deal for Sotera in Intell Community Push

Hanover, Maryland-based cyber and geospatial services contractor KeyW (Nasdaq: KEYW) has agreed to purchase Herndon, Virginia-based national security technology provider Sotera Defense Solutions for $235 million cash in a push to add new and complementary work with the intelligence community and related government customers. Both companies estimate the combined entity will generate close to $535 million in …

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Leonardo to Buy Daylight Solutions Through $150M Equity Deal; Mauro Moretti Comments

Leonardo has agreed to buy 100 percent equity stake in quantum cascade laser platforms maker Daylight Solutions for approximately $150 million through its U.S. subsidiary DRS in a push to grow dual-use integrated technology offerings for civil and military clients. Mauro Moretti, CEO and general manager of Leonardo, said in a statement …

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Intelsat Buys Equity Stake in Kymeta; Stephen Spengler Joins Antenna Manufacturer’s Board

Intelsat has purchased an equity stake in satellite communications antenna manufacturer Kymeta following joint efforts to develop the Kalo satellite services and mTenna antenna technology. The satellite operator said Tuesday the transaction comes with the appointment of Intelsat CEO Stephen Spengler into Kymeta’s board of directors. “The demand for fast, reliable broadband connectivity requires innovation …

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Salient CRGT Closes Acquisition of Triple-i in Federal Health IT Market Push; Tom Ferrando Comments

Salient CRGT has finalized its acquisition of health information technology company Information Innovators Inc. in a move that aims to build on the former’s health IT portfolio for the federal government. The purchase is also part of Salient CRGT’s efforts to drive revenue to more than $500 million and expand its workforce across 150-plus locations …

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