M&A Activity

ManTech Continues Cyber Defense Expansion With Tapestry Technologies Buy; Kevin Phillips Quoted

Kevin Phillips CEO ManTech International

ManTech International (Nasdaq: MANT) has acquired Tapestry Technologies, a cybersecurity services provider to the Department of Defense, for an undisclosed sum in a push to increase the number of ManTech's contracts and customers within the DoD market. “The addition is highly complementary and further builds upon our differentiated cyber solutions, allowing us to deliver more to our customers while positioning us for continued growth,” said Kevin Phillips, chairman, president and CEO of ManTech and a four-time Wash100 Award recipient.

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Leidos to Acquire 1901 Group; Roger Krone, Gerry Fasano, Baird’s John Song Quoted

Roger Krone Chairman

Leidos Holdings (NYSE: LDOS), a Fortune 500 science and technology leader, announced Thursday that the company has entered into a definitive agreement to acquire 1901 Group, a leading provider for managed IT services and cloud solutions in the private and public market, in order to expand its cloud, IT services and digital modernization capabilities. “We are pleased to welcome 1901 Group’s team of digital transformation experts who share Leidos’ commitment to making the world safer, healthier and more efficient through IT,” said Roger Krone, Leidos chairman and CEO and seven-time Wash100 Award recipient.

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CCP Capital Strategies Buys Government Tech Provider EIS; David Collier Quoted

David Collier Managing Partner CCP Capital Strategies

Investment firm CCP Capital Strategies has acquired technology company Executive Information Systems for an undisclosed sum. Washington, D.C.-based EIS has been supplying software and related platforms to public sector clients for more than two decades in support of their missions.

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Michael Conlin Joins Definitive Logic as CTO, Ryan Elliott Named Chief Growth Officer

Michael Conlin Chief Technology Officer Definitive Logic

Definitive Logic has named Michael Conlin, former chief data officer at the Department of Defense and a 2020 Wash100 Award recipient, as chief technology officer and appointed Ryan Elliott, former vice president of defense at GovernmentCIO, as chief growth officer.

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AeroVironment to Buy Ground Robotics Vehicle Maker Telerob; Wahid Nawabi Quoted

Wahid Nawabi President and CEO AeroVironment

AeroVironment (Nasdaq: AVAV) has agreed to acquire Germany-based ground robotics vehicle developer Telerob for approximately $45.4M in cash as part of efforts to expand its global footprint and portfolio of multidomain unmanned platforms. The transaction includes payment of Telerob’s debt valued at approximately $9.4M upon the deal’s closing and up to $7.3M in additional payment to the German firm’s shareholder over three years based on specific milestones achieved.

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Mercury to Buy Physical Optics Corp in $310M Cash Deal; Mark Aslett Quoted

Mark Aslett President

Mercury Systems (Nasdaq: MRCY) has agreed to purchase Torrance, California-based defense systems integrator Physical Optics Corp. for approximately $310M in cash to expand the former's global avionics and missions systems portfolio. Mark Aslett, president and CEO of Mercury, said the deal would expand platform and mission management content on the company's airborne programs.

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Veritas Capital Strikes $3.4B Cash Deal for Northrop’s Federal IT, Mission Support Business

Information Technology

Veritas Capital has agreed to acquire Northrop Grumman’s (NYSE: NOC) federal information technology and mission support services business for approximately $3.4B in cash. The transaction is expected to conclude in the first half of 2021 and Veritas said Monday it expects to merge the Northrop federal IT business with its portfolio company Peraton upon the deal’s closing, subject to regulatory approvals and other customary closing conditions.

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