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M&A Activity

HII Acquires Cybersecurity Firm G2; Baird’s John Song Comments

Huntington Ingalls Industries (NYSE: HII) has purchased Annapolis Junction, Md.-based cybersecurity services provider G2 for an undisclosed amount in a move to grow its professional services business and portfolio of information assurance and cyber offerings. HII said Monday it will integrate G2 into its technical solutions division led by Andy Green. …

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Cerberus to Buy 70% Stake in Navistar’s Defense Business

New York-based private equity firm Cerberus Capital Management has agreed to purchase a 70 percent controlling stake in Navistar International’s (NYSE: NAV) defense business for an undisclosed sum. Michael Sanford, co-head of private equity and senior managing director of Cerberus, said in a statement published Monday the company plans to …

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Baird’s Jean Stack: 2018 a Transformational Year for GovCon

Several top government contractors and industry experts attended Baird’s 2018 Government Services and Defense Conference. “2018 has been a transformational year of M&A at scale in the government services and defense market,” Jean Stack, managing director for global investment banking at Baird, told GovConWire. Stack added that she expects 2019 to …

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E3, Sentinel Announce Merger; Andy Maner to Lead Combined Firm

E3 Federal Solutions and Washington, D.C.-based government services contractor The Sentinel Company have merged to form a combined firm that seeks to support clients in the federal services market. Sentinel CEO Andy Maner will lead the combined entity as CEO and Everett Johnson will continue to oversee E3’s daily operations as president, the companies …

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UTC to Split Into Three Firms After Rockwell Collins Deal Completion; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) has announced plans to divide into three independent companies after it completed its $30B purchase of Rockwell Collins (NYSE: COL). UTC said Monday it will combine its aerospace systems business with Rockwell Collins to form Collins Aerospace Systems and expects the transaction to be $0.15 to $0.20 …

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EverWatch Acquires DES for Intell Community Services Push

Ashburn, Va.-based national security contractor EverWatch has purchased information technology services provider Dynamic Engineering Solutions for an undisclosed sum. Robert Miller, president of EverWatch, said in a statement released Monday the company seeks to expand its technical knowledge of and relationship with the intelligence community through the acquisition. Founded in 2011, DES is …

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UTC-Rockwell Collins Deal Gets Final Regulatory Clearance

Chinese regulators have given United Technologies Corp. (NYSE: UTX) the green light to pursue its planned $30B acquisition of Rockwell Collins (NYSE: COL). UTC said Friday the approval marks the final regulatory clearance the company needed to complete its purchase of the Cedar Rapids, Iowa-based avionics contractor. Farmington, Conn.-based conglomerate UTC agreed …

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Maximus Completes $400M Purchase of General Dynamics’ Citizen Engagement Centers; Bruce Caswell Quoted

Maximus (NYSE: MMS) has concluded its purchase of federal citizen engagement centers from General Dynamics’ (NYSE: GD) information technology business. Maximus said Tuesday it will report the acquired assets under its U.S. federal services segment and expects the transaction to record $600M to $625M in fiscal 2019 revenue. The Reston, Va.-based government services …

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FTC Clears Cloudera-Hortonworks Merger

The Federal Trade Commission has given Cloudera (NYSE: CLDR) and Hortonworks (Nasdaq: HDP) antitrust approval to proceed with their plan to merge through an all-stock transaction. FTC released a notice of early termination of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the companies said in …

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SAIC, Engility Set Jan. 11 Shareholder Vote on $2.5B Merger Deal

Science Applications International Corp. (NYSE: SAIC) and Engility (NYSE: EGL) will each conduct a shareholder meeting on Jan. 11 to decide on proposals associated with SAIC’s proposed $2.5B purchase of the Chantilly, Va.-based engineering services contractor. Shareholders of record as of Nov. 29 are expected to receive on Dec. 4 the …

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