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M&A Activity

Triumph Group to Merge Aerospace & Precision Tech Businesses

Berwyn, Pennsylvania-based aircraft component manufacturer Triumph Group (NYSE: TGI) plans to merge its Precision Components and Aerospace Structures businesses into a new business unit slated to launch Jan. 1. Pete Wick, executive vice president of Precision Components, will serve as EVP of the newly combined business unit that will operate …

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TTM Inks $775M Cash Deal for Anaren to Expand Defense & Aerospace Electronics Portfolio

TTM Technologies (Nasdaq: TTMI) has agreed to buy East Syracuse, New York-based microwave microelectronics provider Anaren from private equity firm Veritas Capital for approximately $775 million cash. TTM said Sunday the deal will help expand its products portfolio through the addition of Anaren’s radio frequency subsystems and components for aerospace …

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Orbital ATK Shareholders OK $9.2B Merger With Northrop; David Thompson Comments

Shareholders at Orbital ATK (NYSE: OA) have approved a deal for Northrop Grumman (NYSE: NOC) to acquire the Dulles, Virginia-based aerospace and defense contractor in an estimated $9.2 billion transaction. Holders of at least 99 percent of shares in Orbital ATK voted to approve the merger during the Wednesday meeting, …

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Foreign Investment Committee Completes Ultra Electronics-Sparton Transaction Review

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics. Ultra said Monday it signed a timing agreement with the Justice Department and that the deal is still subject to antitrust …

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Novume to Purchase NeoSystems Via Cash-and-Stock Deal

Novume Solutions has agreed to acquire back office management company NeoSystems for an undisclosed sum through a cash-and-stock transaction. Chantilly, Virginia-based Novume said Monday it expects to wrap up the acquisition in the first quarter of 2018, pending customary closing conditions. The transaction covers the assumption of some liabilities of NeoSystems and …

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Hitachi Vantara Federal Assumes Control of Brocade’s Networking Maintenance Contracts; David Turner Comments

Hitachi Vantara’s federal business has assumed control of some of Brocade Communications Systems’ (Nasdaq: BRCD) federal service maintenance contracts and other assets under a definitive agreement signed in June. Hitachi Vantara Federal said Friday the agreement’s completion would provide the company access to Brocade’s storage area networking, campus/edge networking and data center …

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Deltek Wraps Up $70M Onvia Purchase

Deltek has closed its $70 million cash acquisition of Onvia in a move to expand the delivery of public sector procurement data and market intelligence to government contractors. Deltek said Friday it will combine Onvia with its GovWin IQ market intelligence platform for GovCon companies through the transaction originally announced in October. Onvia’s board …

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Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

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HIG Acquires WBB to Expand Govt Market Footprint; Robert Olsen, Jeff Zanarini Comment

Private equity investment firm H.I.G. Capital has bought Reston, Virginia-based program management and consulting services provider Whitney, Bradley and Brown for an undisclosed sum. WBB CEO Robert Olsen said in a statement published Tuesday the company aims to utilize H.I.G.’s resources in efforts to expand services for federal agency customers. WBB …

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Radiant Solutions to Combine Geospatial Services Brands; Tony Frazier Comments

Maxar Technologies’ (NYSE: MAXR) Radiant Solutions business unit has unveiled a new strategy that aims to converge its legacy businesses in an effort to deliver geospatial data and insights designed to transform intelligence and global mapping missions in support of commercial and national security clients. Tony Frazier, president of Radiant …

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