M&A Activity

Broadcom (Nasdaq: AVGO) has wrapped up its acquisition of Symantec’s (Nasdaq: SYMC) enterprise security assets for approximately $10.7B.

LMI has acquired software company Clockwork Solutions for an undisclosed sum as the Tyson, Va.-based nonprofit consulting firm aims to grow its analytics portfolio and further invest in asset management platforms.  “We're especially excited to grow our footprint in Austin, Texas, getting closer to both our critical customers and the vibrant innovation ecosystem there," noted David Zolet, president and CEO of LMI and a 2019 Wash100 awardee.

PAE, a portfolio company of investment firm Platinum Equity, has agreed to merge with special purpose acquisition company Gores Holdings III (Nasdaq: GRSH) in a push to advance its strategic plan and growth efforts.

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector was $11.1B in the third quarter of 2019 and the total deal value for year-to-date 2019 was $80.3B, increasing by 2.8x when compared with YTD 2018.

Information technology distribution company Tech Data (Nasdaq: TECD) has agreed to acquire software and cloud technology aggregator DLT Solutions in a move to expand products portfolio and create opportunities for public sector channel partners.

CACI International (NYSE: CACI) completed the acquisition of three companies in October for approximately $105M as part of efforts to expand its strategic capabilities in technology and mission areas.

Advent International has secured regulatory approval in the U.S., European Union and Finland for the Boston-based private equity firm's proposed $5B acquisition of U.K.-based aerospace and defense technology supplier Cobham, Reuters reported Tuesday.

Virgin Galactic and Social Capital Hedosophia are set to close the two firms' merger deal Friday and launch the first publicly traded space tourism company, CNBC reported Thursday. The report said Virgin Galactic could start to trade on the New York Stock Exchange by Monday under the ticker symbol "SPCE."

Raytheon (NYSE: RTN) and Vista Equity Partners are in discussions over the value of Forcepoint, a joint cybersecurity venture the companies formed in 2015, Inside Defense reported Thursday.

Engineering and construction management services provider TRC Companies has agreed to buy a Lockheed Martin (NYSE: LMT) business unit that provides energy services to gas and electric utilities.