M&A Activity

Elbit Systems of America Strikes $380M Deal for Sparton; Bill Toti, Bezhalel Machlis Quoted

Bill Toti CEO Sparton

Elbit Systems’ (Nasdaq: ESLT) U.S. subsidiary has agreed to acquire defense supplier Sparton from an affiliate of Cerberus Capital Management for approximately $380M. Bill Toti, CEO of Sparton and a previous Wash100 awardee, said in a statement published Wednesday the strategic combination with Elbit Systems of America will enable Sparton to further expand its market presence and continue to deliver innovative platforms in support of clients’ needs.

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Scott Cattran: Woolpert Eyes Integrated Data Service Offering Through DCS Acquisition

Scott Cattran President and CEO Woolpert

Woolpert has purchased Data Cloud Solutions for an undisclosed sum in a move to bring cloud-based data visualization and awareness tools such as computer-assisted mass appraisal technology to additional markets. Scott Cattran, CEO and president of Woolpert, said the merged organization seeks to introduce an integrated data-as-a-service and SaaS platform and continue offering mass appraisal process support to government clients.

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Moog Adds to Aircraft Controls Portfolio With Genesys Acquisition

Avionics

Moog (NYSE: MOG.A and MOG.B) has acquired Mineral Wells, Texas-based electronic flight instrument and autopilot technology provider Genesys Aerosystems for approximately $77.7M. Moog said Monday it will integrate the products and employees of Genesys Aerosystems into the Elma, New York-based company's aircraft controls segment, led by Mark Trabert.

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NuWave Solutions Acquires ProModel Government Services; GovCon Expert Reggie Brothers; Baird’s Jean Stack Quoted

Dr. Reggie Brothers CEO NuWave Solutions

NuWave Solutions announced on Tuesday its acquisition of ProModel Government Services, a leading provider of mission critical predictive and prescriptive analytic software solutions to the U.S. government, for an undisclosed amount. “ProModel Government Services is uniquely qualified to help federal government agencies with their decision making, ensure that their processes are more efficient and their resources are  better managed,” said Dr. Reggie Brothers, CEO of NuWave and GovCon Expert

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Lockheed Strikes $4.4B Deal for Aerojet Rocketdyne; James Taiclet, Eileen Drake Quoted

James Taiclet President and CEO Lockheed Martin

Lockheed Martin (NYSE: LMT) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.4B in a move to expand its capabilities in the areas of hypersonics, space exploration, integrated air and missile defense and tactical missiles. The deal is expected to conclude in the second half of 2021, subject to approval by Aerojet Rocketdyne’s stockholders, regulatory clearances and other customary closing conditions.

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BlueHalo Acquires Fortego, Base2 to Grow Cyber & Intell Footprints; Baird’s John Song Comments

John Song, managing director of Baird

BlueHalo has bought Maryland-based companies Fortego and Base2 Engineering in a pair of deals aimed to expand signal intelligence and cyber offerings for the national security sector. Baird and Aronson Capital Partners advised the acquired firms on the transactions. "Bringing Fortego and Base2 together creates a sizable concentration of highly skilled experts in cyber and SIGINT – a capability that BlueHalo can now leverage across the wide spanning missions to which they provide support," John Song, a managing director at Baird, told GovCon Wire.

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Octo, Sevatec Merge to Create Federal IT Modernization Support Provider; Mehul Sanghani Quoted

Mehul Sanghani CEO Octo

Octo, a Reston, Virginia-based government information technology services provider, and software development company Sevatec have merged to form a combined organization that will provide tech platforms and services to help federal government clients address complex IT challenges. Mehul Sanghani, founder and CEO of Octo, said the transaction creates a “pure-play” modernization and platforms provider in support of the federal government and its missions.

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Oshkosh Strikes $115M Deal for Pratt Miller; John Pfeifer Quoted

John Pfeifer President and COO Oshkosh

Oshkosh (NYSE: OSK) has agreed to acquire engineering company Pratt Miller for approximately $115M in a debt- and cash-free transaction. Pratt Miller will retain its name, branding, team members and facilities and Oshkosh said Tuesday it expects the transaction to close during the first quarter of calendar year 2021, subject to customary closing conditions.

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