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M&A Activity

General Dynamics Raises Offer to Acquire CSRA

General Dynamics (NYSE: GD) has increased the value of its proposal to acquire CSRA (NYSE: CSRA) from $40.75 per share to $41.25 per share, or approximately $6.9 billion in cash, under an amended merger agreement. General Dynamics said Tuesday it will also assume $2.8 billion in net debt from the …

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TransDigm to Buy Aerospace & Defense Services Firm Extant for $525M

TransDigm Group (NYSE: TDG) has agreed to purchase Melbourne, Florida-based Extant Components Group Holdings from investment firm Warburg Pincus for approximately $525 million. Cleveland-based TransDigm said Monday it plans to finance the deal with cash on hand and funds under a revolving credit facility. Extant offers aftermarket-focused electronics, avionics and electromechanical products to the …

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CACI Offers $7.2B Cash & Stock for CSRA

CACI International (NYSE: CACI) has offered to acquire CSRA (NYSE: CSRA) for approximately $7.2 billion in cash and stock, or $44.00 per share, in a bid to form a combined entity that will deliver mission services and enterprise support offerings to government clients. Arlington, Virginia-based CACI said Sunday its board …

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KeyW Completes Sotera Integration, Reports Rise in FY 2017 Revenue

Bill Weber, president and CEO of KeyW (Nasdaq: KEYW), has said the company has completed integration efforts with regard to its purchase of Herndon, Virginia-based national security technology contractor Sotera Defense Solutions. KeyW closed its $235 million cash acquisition of Sotera in April 2017 in an effort to expand its footprint in …

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Proposed DXC USPS-Vencore-KeyPoint Merger to Operate as Perspecta; Mac Curtis Comments

The new company that will emerge from the proposed merger of DXC Technology (NYSE: DXC) U.S. public sector business with Vencore and KeyPoint Government Solutions will operate under the Perspecta name upon the transaction’s closure. Mac Curtis, president and CEO of Vencore, will serve as CEO of Perspecta that is expected …

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Motorola Solutions Closes Airbus DS Communications Business Purchase

Motorola Solutions (NYSE: MSI) has wrapped up the purchase of the Airbus DS Communications business from Airbus Group‘s defense and space segment. Chicago-based Motorola said Wednesday it made the acquisition to expand its portfolio of command center and software enterprise platforms. Airbus DS Communications offers the VESTA emergency call-handling software designed to support text-to-911 …

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The Acacia Group Splits Intelligent Decisions Into 2 Independent Companies

Investment firm The Acacia Group has acquired Intelligent Decisions and split the Ashburn, Virginia-based federal information technology contractor into two independent companies as part of its strategy to seek growth opportunities in the federal market. One of the two companies – ID Technologies – will focus on products and combine …

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Ultra Electronics, Sparton Call Off Merger

Schaumburg, Illinois-based military electronics manufacturer Sparton (NYSE: SPA) and U.K.-based defense contractor Ultra Electronics have decided to abandon their $234 million merger agreement because of antitrust concerns from the Justice Department. Sparton said Monday it plans to resume negotiations with parties that previously showed interest in an acquisition deal and can immediately execute …

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Verscend Acquires General Dynamics’ Healthcare Payment IT Suite

Verscend Technologies has acquired payer-focused healthcare information technology platforms of General Dynamics (NYSE: GD) for an undisclosed amount. Waltham, Massachusetts-based Verscend said Friday it intends for the acquisition to grow the company’s portfolio of healthcare payment integrity, analytics and reporting products designed to help clients address healthcare fraud, waste and abuse. “An estimated …

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L3 Acquires Minority Stake in Peak Nano Optics; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has purchased a minority stake in nanotechnology developer Peak Nano Optics for an undisclosed amount. Dallas, Texas-based Peak Nano uses a gradient refractive index technology to design and manufacture electro-optical lenses for visible to near-infrared applications, L3 said Wednesday. Christopher Kubasik, president and CEO of L3, said the investment offers the …

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