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M&A Activity

Arlington Capital Partners Strikes Potential $45M Deal for iRobot Defense Segment

Washington-based private equity firm Arlington Capital Partners has agreed to purchase the defense and security business segment of robotics technology maker iRobot (Nasdaq: IRBT) for up to $45 million as the latter company continues on its realignment toward the consumer market. Bedford, Mass.-based iRobot said Thursday both companies expect to …

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CACI Closes $550M L-3 NSS Govt Services Business Buy; Ken Asbury, Michael Strianese Comment

CACI International (NYSE: CACI) has completed its $550 million cash acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) as part of a growth strategy to target enterprise information technology and intelligence markets. CACI said Monday it expects NSS, a mission services provider for the government sector, …

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Ball Aerospace Buys Software Development Firm Wavefront for Cyber, Diversification Push; Rob Strain Comments

Ball Aerospace and Technologies has bought engineering and analytical services provider Wavefront Technologies for an undisclosed sum as part of its portfolio diversification efforts. Rob Strain, president of Ball Aerospace, said Friday the company also expects the acquisition to help broaden its presence in the Washington metropolitan area. Maryland-based Wavefront …

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SOS International Purchases IC Contractor New World Solutions; Julian Setian Comments

SOS International has purchased defense and intelligence community contractor New World Solutions in an effort to expand its footprint within IC and boost its technology platforms that work to support intelligence, surveillance, reconnaissance and cybersecurity missions. SOSi said Friday it will operate New World Solutions as a subsidiary and within its intelligence …

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Symantec Closes $5.3B Veritas Sale to Carlyle Group; Michael Brown Comments

A group of investors led by Carlyle Group (Nasdaq: CG) has closed its nearly $5.3 billion acquisition of Veritas from Symantec Corp. (Nasdaq: SYMC). Symantec’s board of directors expects to return $4 billion in accelerated share repurchases and additional capital return to shareholders by the end of March 2017, Symantec …

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Battle Resource Management Buys IT Firm Clearsoft; Mike Battle Comments

Battle Resource Management Inc. has purchased information technology provider Clearsoft for an undisclosed amount as part of an effort to help federal and commercial clients migrate to cloud platforms. BRMi will combine Clearsoft’s agile software development systems into its models for business process redesign, BRMi said Wednesday. Mike Battle, founder …

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Military Vet Recruiter Orion Buys Novotus; Mike Starich Comments

Orion International, a military talent acquisition services provider to corporate clients, has purchased recruitment company Novotus for an undisclosed amount. Orion CEO Mike Starich said in a statement released Tuesday he believes the transaction works to combine the companies’ capabilities. Cory Kruse will continue to lead Novotus as president and aims …

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Leidos to Merge With Lockheed IT, Gov’t Services Segments in $5B Tax-Free Deal

Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenue, the companies said Tuesday. Both companies — …

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Rockwell Collins Inks Deal to Purchase Christie’s Matrix Projector Line

Rockwell Collins (NYSE: COL) has agreed to buy Christie Digital Systems’ Matrix series of projectors for an undisclosed sum in an effort to complement its training projectors and simulation offerings to aviation and military clients. The deal covers Christie’s Matrix SIM and Matrix StIM projectors and other software tools and is …

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PwC Buys Praxism to Grow Cyber Services Portfolio

PwC has acquired Scotland-based consulting firm Praxism for an undisclosed sum as the companies seek to help organizations secure data through identity and access management strategies. Colin Slater, digital and cyber partner at PwC’s Scottish arm, said in a statement published  Monday the acquisition is part of a push to expand the company’s presence …

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