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M&A Activity

Valiant Closes $135M Purchase of Cubic’s Global Defense Services Business; Bradley Feldmann Comments

Valiant Integrated Services has wrapped up its approximately $135 million cash acquisition of Cubic’s (NYSE: CUB) global defense services business. Bradley Feldmann, Cubic chairman, president and CEO, said in a statement published Friday the completion of the divestiture is a significant step for the company as it works to achieve and bring …

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Private Equity Firms Buy Space Tech Maker LinQuest

CoVant Management and Madison Dearborn Partners have purchased Los Angeles-based space systems technology platforms provider LinQuest for an undisclosed sum. LinQuest CEO Leon Biederman will continue to oversee the company and maintain “a significant minority ownership position” in the firm along with other members of the management team, CoVant said Tuesday. Biederman …

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Report: Cerberus Eyes Potential Sale of DynCorp

Private equity firm Cerberus Capital Management is considering putting DynCorp International up for sale in a deal that could be worth at least $1.3 billion, Reuters reported Thursday. Sources told Reuters that Cerberus has tapped two investment banks to help seek offers from potential acquirers of the defense contractor. The …

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Coolisys Eyes Expanded Defense Manufacturing Capabilities With Enertec Acquisition; Amos Kohn Comments

DPW Holdings subsidiary Coolisys Technologies aims to expand its technology development and manufacturing capabilities with the acquisition of electronic systems provider Enertec Systems for approximately $9 million. DPW said Wednesday its Fremont, Calif.-based subsidiary will add more than 70 new workers, most of whom will be engineers with military experience, through the …

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Executive Mosaic Acquires e4e Global Services Philippines to Merge With ArchIntel, LLC

TYSONS CORNER, Va., May 22, 2018 – ArchIntel, a provider of concise actionable intelligence to business leaders, today announced that it will acquire e4e Global Services Philippines, Inc. for an undisclosed amount. The move increases ArchIntel’s global technological footprint and enhances the company’s Philippines-based operations, as well demonstrates its commitment to growth …

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Parsons Acquires Polaris Alpha Under Tech Investment Program; Chuck Harrington Comments

Pasadena, Calif.-based company Parsons has acquired Polaris Alpha from Arlington Capital Partners as part of a technology investment program. Parsons said Monday it will merge its knowledge in artificial and signals intelligence and data analytics with Polaris Alpha’s machine learning, data, video, multisource analytics and automated reasoning offerings. “The acquisition …

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SAP NS2 Buys Technology Management Associates in Intell Community Expansion Push; Mark Testoni Comments

SAP National Security Services has acquired signals intelligence and engineering services contractor Technology Management Associates for an undisclosed sum in a move to broaden its footprint in the intelligence community and advance the delivery of platforms to the federal government. SAP NS2 said Tuesday it completed the acquisition on April …

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DXC Public Sector Business-Vencore-KeyPoint Merger Deal Set to Close by Month’s End

DXC Technology’s (NYSE: DXC) board of directors has scheduled May 25 as the record date for the planned spinoff of its U.S. public sector business as a separate, publicly traded company that will operate as Perspecta. DXC said Monday it also set a May 31 date for the distribution of Perspecta …

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Axon Buys Safariland’s Public Safety Camera Tech Subsidiary

Scottsdale, Ariz.-based law enforcement technology provider Axon has bought Safariland’s VIEVU subsidiary, which offers camera and cloud-based evidence management systems to the public safety sector. Axon said Friday Safariland has also agreed to supply holster devices for TASER Conducted Electric Weapon systems under a partnership agreement between the two companies. Sean McCarthy, general manager of VIEVU, said the …

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Spirit AeroSystems Inks $650M Cash Deal for Asco’s Parent Company

Spirit AeroSystems (NYSE: SPR) has agreed to buy Asco Industries’ Belgium-based parent company, S.R.I.F., for approximately $650 million in cash. Wichita, Kan.-based Spirit said Wednesday it expects to use new debt to fund the transaction that is scheduled to conclude in the second half of 2018, pending regulatory clearances and …

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