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M&A Activity

Compusearch Targets Federal Procurement Support Expansion With FedBid Buy

Dulles, Virginia-based contract management software company Compusearch has agreed to work with reverse auction services provider FedBid in a push to expand support for federal customers’ procurement processes. FedBid will maintain operations under its own brand and serve as the reverse auction provider within Compusearch’s PRISM suite of contract writing platforms, Compusearch said Tuesday. …

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Arlington Capital Buys Xebec in Intell, Nat’l Security Services Expansion Push

Arlington Capital Partners has purchased McLean, Virginia-based human intelligence platforms and services provider Xebec Global for an undisclosed sum in a push to expand offerings for clients in the intelligence community and national security sector. David Wodlinger, a partner at Arlington Capital, said in a statement released Monday the Washington-based …

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General Atomics Adds Electromechanical Tech With Syntronics Acquisition

General Atomics has purchased Fredericksburg, Virginia-based Syntronics for an undisclosed sum in a move to gain access to the latter company’s knowledge and experience in the development of electromechanical technology platforms. General Atomics said Monday it made the acquisition to expand the company’s footprint in Virginia and will run Syntronics as part …

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Justice Dept OKs CenturyLink-Level 3 Merger Deal

The Justice Department has agreed to approve the pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) by CenturyLink (NYSE: CTL), subject to court approval of certain conditions in a consent decree. CenturyLink said Monday the combined firm needs to divest 24 dark fiber strands that link 30 city-pairs across the U.S. via an …

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ManTech Completes $180M InfoZen Purchase; Kevin Phillips Comments

ManTech International (Nasdaq: MANT) has wrapped up its $180 million cash acquisition of Bethesda, Maryland-based information technology platforms provider InfoZen. ManTech said Monday it will run InfoZen as part of its mission solutions and services group headed by Daniel Keefe and expects the IT services contractor to contribute approximately $25 million to fiscal …

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Polaris Alpha Continues Space, C4ISR Market Expansion With Solidyn Buy

Polaris Alpha has acquired Denver, Colorado-based engineering and cloud computing services provider Solidyn Solutions for an undisclosed sum in a push to accelerate the development of space-based systems for national security clients. Peter Cannito, CEO of Polaris Alpha, said in a statement published Monday the company made the acquisition to also expand …

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SAIC Restructures Customer Groups, Service Lines as Part of ‘Ingenuity 2025’ Strategy; Tony Moraco Comments

Science Applications International Corp. (NYSE: SAIC) has moved to consolidate several of its businesses organizations and introduced a voluntary retirement incentive program for nearly 100 senior managers. SAIC said Monday it unified five customer-facing groups into three units and merged six technology-focused service lines into three market segments as part …

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Foreign Investment Committee Wraps Up MDA-DigitalGlobe Transaction Review

The Committee on Foreign Investment in the U.S. has completed its review of the proposed $3.6 billion acquisition of DigitalGlobe (NYSE: DGI) by Canada-based MacDonald, Dettwiler and Associates. MDA said Thursday it secured clearance from the New York Stock Exchange to list and trade its common shares on NYSE under the ticker symbol “MDA” …

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Versar OKs Acquisition Offer From Kingswood Capital Management

Versar has agreed to be purchased by affiliates of Los Angeles-based private equity firm Kingswood Capital Management through a cash tender offer. Kingswood agreed to buy all outstanding shares of stock in the Springfield, Virginia-based project management company for 15 cents per share and begin the cash tender offer no …

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Heather Wilson: Air Force to Keep an Eye on Northrop-Orbital ATK Merger Plan

Air Force Secretary Heather Wilson has said she has no concerns on Northrop Grumman’s (NYSE: NOC) proposal to acquire Orbital ATK (NYSE: OA) and that the service branch intends to monitor the transaction’s progress, Defense News reported Tuesday. “Obviously, we watch these things and make sure that no matter [what] happens …

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