M&A Activity

Parsons (NYSE:PSN) has wrapped up its $300M acquisition of Braxton Science & Technology Group in a move to expand technology offerings for the space, intelligence and cyber sectors.

Gunnison Consulting Group has acquired Global Solutions & Services Frameworks for an undisclosed sum to expand its information technology service management, mobile computing and cybersecurity capabilities in the federal government services market. “This deal aligns with our modernization strategy and we remain focused on improving critical government programs, while driving long-term innovation to meet evolving customer demands," said Gunnison CEO Gil Dussek.

FireEye (Nasdaq: FEYE) announced that it will receive a strategic investment worth $400M from investment firm Blackstone and venture capital firm ClearSky. FireEye will use the proceeds from the Blackstone Tactical Opportunities-led investment to build up its managed services, platform and cloud portfolio and fund strategic growth initiatives, including its acquisition of cybersecurity company Respond Software. 

Voyager Space Holdings intends to acquire Anchorage, Alaska-based ground support hardware developer The Launch Company for an undisclosed sum in a deal that would mark Voyager's first acquisition in the launch services category.

Belcan, a portfolio company of private equity firm AE Industrial Partners, has purchased aerospace and defense software engineering services provider Avista from Transdigm Group for an undisclosed sum.

The American Institutes for Research has acquired consulting firm Kimetrica for an undisclosed sum as part of efforts to expand research and evaluation work in nutrition, food security and other areas. 

Eric Chewning and Frank Coleman, partners at McKinsey & Co., wrote in a commentary published Monday on Defense News that contractors seeking to support the Department of Defense’s evolving mission requirements and create value in a challenging budget environment should take a programmatic approach to mergers and acquisitions. 

McKean Defense Group has agreed to acquire technology company Mikros Systems for $0.13 per share or approximately $4.6M in cash as part of its efforts to add new tech capabilities to its Navy portfolio. "With the added capabilities and skills from the Mikros acquisition, McKean will strengthen our support to the Littoral Combat Systems (LCS) platform and add significant combat systems monitoring and diagnostic analytics to our strategic offerings,” said Joseph Carlini, CEO of McKean Defense.

Santa Clara, California-based Palo Alto Networks (NYSE: PANW) has agreed to acquire attack surface management company Expanse for approximately $800M as part of efforts to expand its cybersecurity offerings.

Raytheon Technologies (NYSE: RTX) has agreed to acquire small satellites provider Blue Canyon Technologies for an undisclosed sum as part of efforts to expand its platforms in support of clients’ space missions. “What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies,” said Roy Azevedo, president of Raytheon Intelligence and Space and a 2020 Wash100 Award winner.