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M&A Activity

Tetra Tech Buys IT Services Contractor eGlobalTech; Dan Batrack Quoted

Tetra Tech (Nasdaq: TTEK) has purchased Arlington, Va.-based information technology services provider eGlobalTech for an undisclosed sum. Pasadena, Calif.-based Tetra Tech said Wednesday eGlobalTech will operate as part of its government services group. “The addition of eGlobalTech and their laboratory incubator will allow us to pilot and apply exciting new techniques …

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NTT Data Services Buys Cognosante’s Health IT Consulting Practice; Bob Pryor Quoted

NTT Data Services has purchased a Cognosante consulting practice that supports state and local agencies in their health information technology implementation projects. “This acquisition is the latest in our ongoing strategy of growth by strategic acquisitions that augment our specialized industry expertise and geographical presence,” NTT Data Services CEO Bob …

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ManTech Closes $115M KGS Buy in Federal Health Market Push; Kevin Phillips Quoted

ManTech International (Nasdaq: MANT) has completed its $115M cash acquisition of Fairfax, Va.-based technology and professional services contractor Kforce Government Solutions. The transaction was first announced early in March and would help ManTech to expand its federal health market presence as well as support the Department of Veterans Affairs via …

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Triumph Group Refocuses Investment Strategy After Machining, Fabrication Business Divestitures

Arlington Capital Partners and NWI Holdings have respectively finalized their acquisitions of the fabrication and machining businesses from Triumph Group. Triumph Group said Monday it will refocus investment efforts on intellectual property systems and proprietary technology products designed for aftermarket and original equipment manufacturing clients. The deals include divestitures of …

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Aerojet Rocketdyne Buys Additive Manufacturing Firm 3DMT; Eileen Drake Quoted

Aerojet Rocketdyne (NYSE: AJRD) has purchased 3D Material Technologies from ARC Group Worldwide for an undisclosed sum in a move to expand its capabilities to develop additive manufacturing-based metal alloy components for aerospace power and propulsion systems. “The addition of 3DMT’s capacity and expertise in metal alloy additive manufacturing expands our range …

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By Light Buys Phacil in IT Capability Expansion Push; Bob Donahue Quoted

By Light Professional IT Services has acquired government information technology services contractor Phacil for an undisclosed sum. Phacil’s “diversified IT capabilities across a wide customer base make it an excellent fit with our company, and will allow us to expand our offering to better serve our customers,” Bob Donahue, CEO and …

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Report: Inmarsat Gets $3.4B Takeover Bid From Private Equity Firms, Pension Funds

Global satellite communications firm Inmarsat has received a $3.4B takeover offer from a consortium of private equity firms and Canada-based pension funds, Bloomberg reported Monday. Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board made a $7.21-per-share bid for Inmarsat through a joint venture owned in …

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Reuters: Avaya Mulls Buyout Offer From Private Equity Firm

An investment company offered to acquire Avaya (NYSE: AVYA) in a proposed deal valuing the telecommunications equipment maker at $5B, or more than $20 per share, Reuters reported Monday. The report said Santa Clara, Calif.-based Avaya aims to grow its communications software business and cloud-based technology portfolio. The leveraged buyout …

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Curtiss-Wright Completes Tactical Communications Group Acquisition; David Adams Quoted

Curtiss-Wright (NYSE: CW) has closed its $50M cash acquisition of Tactical Communications Group, a Tewksbury, Mass.-based maker of tactical data link software for military communications platforms. “This acquisition yields significant opportunities for growth by enhancing our existing flight test instrumentation offering with complementary tactical data link processing software, analytics and visualization …

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Gryphon Buys Engineering, Technical Services Provider Schafer

Defense engineering services contractor Gryphon Technologies has purchased Schafer from Belcan, a portfolio company of private investment firm AE Industrial Partners, for an undisclosed sum. Schafer provides engineering, scientific and technical services to military and intelligence agency clients in support of their national security efforts, Gryphon said Monday. “By combining Schafer with Gryphon, we are strengthening our strategic …

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