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M&A Activity

By Light Buys Phacil in IT Capability Expansion Push; Bob Donahue Quoted

By Light Professional IT Services has acquired government information technology services contractor Phacil for an undisclosed sum. Phacil’s “diversified IT capabilities across a wide customer base make it an excellent fit with our company, and will allow us to expand our offering to better serve our customers,” Bob Donahue, CEO and …

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Report: Inmarsat Gets $3.4B Takeover Bid From Private Equity Firms, Pension Funds

Global satellite communications firm Inmarsat has received a $3.4B takeover offer from a consortium of private equity firms and Canada-based pension funds, Bloomberg reported Monday. Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board made a $7.21-per-share bid for Inmarsat through a joint venture owned in …

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Reuters: Avaya Mulls Buyout Offer From Private Equity Firm

An investment company offered to acquire Avaya (NYSE: AVYA) in a proposed deal valuing the telecommunications equipment maker at $5B, or more than $20 per share, Reuters reported Monday. The report said Santa Clara, Calif.-based Avaya aims to grow its communications software business and cloud-based technology portfolio. The leveraged buyout …

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Curtiss-Wright Completes Tactical Communications Group Acquisition; David Adams Quoted

Curtiss-Wright (NYSE: CW) has closed its $50M cash acquisition of Tactical Communications Group, a Tewksbury, Mass.-based maker of tactical data link software for military communications platforms. “This acquisition yields significant opportunities for growth by enhancing our existing flight test instrumentation offering with complementary tactical data link processing software, analytics and visualization …

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Gryphon Buys Engineering, Technical Services Provider Schafer

Defense engineering services contractor Gryphon Technologies has purchased Schafer from Belcan, a portfolio company of private investment firm AE Industrial Partners, for an undisclosed sum. Schafer provides engineering, scientific and technical services to military and intelligence agency clients in support of their national security efforts, Gryphon said Monday. “By combining Schafer with Gryphon, we are strengthening our strategic …

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Novume Closes Purchase of AI-Based Vehicle Recognition Tech Maker OpenALPR

Novume Solutions (Nasdaq: NVMM) has finalized its acquisition of artificial intelligence-based vehicle recognition software developer OpenALPR Technology for an undisclosed sum. Novume said Wednesday Matt Hill, founder and chief technology officer of OpenALPR, will serve as chief science officer at Novume. “By joining Novume, we will gain access to influential …

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TransDigm Closes $4B Esterline Purchase

TransDigm Group (NYSE: TDG) has concluded its approximately $4B purchase of Esterline Technologies (NYSE: ESL) in a push to expand its proprietary and sole-source content platform for defense and aerospace sectors. TransDigm initially announced the deal on Oct. 10 and the company said Thursday Esterline shareholders will get $122.50 in cash per …

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Cubic Eyes Protected Comms Portfolio Expansion With Nuvotronics Buy; Mike Twyman Quoted

Cubic (NYSE: CUB) has purchased microfabricated radio frequency systems provider Nuvotronics for approximately $64M in cash as part of efforts to expand its portfolio of protected communications technology offerings. Durham, N.C.-based Nuvotronics designs and builds antennas, combiners, filters and other RF devices using the PolyStrata technology developed by the company …

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DFW Capital Buys Majority Stake in Sev1Tech

DFW Capital Partners has purchased a controlling stake in Sev1Tech, an information technology services provider to the government and commercial sectors, to help drive the latter’s growth efforts. Sev1Tech said Thursday it aims to expand service offerings and pursue larger projects through the investment from the private equity group. The …

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NVIDIA Strikes $6.9B Deal to Buy Mellanox; Jensen Huang, Eyal Waldman Quoted

NVIDIA (Nasdaq: NVDA) agreed to acquire Mellanox Technologies (MLNX) for approximately $6.9B in a push to expand its footprint in the high-performance computing market. NVIDIA said Monday it will pay $125 in cash for each share of Mellanox through a deal, which is expected to close by the end of …

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