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M&A Activity

Veritas Capital to Buy PwC’s US Public Sector Business

Veritas Capital has agreed to purchase the U.S. public sector business of PwC for an undisclosed sum. Veritas said Wednesday it will rename and run the business as an independent company once it finalizes the transaction and completes regulatory approvals and other customary closing conditions. The U.S. public sector business will …

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European Commission OKs Northrop’s Orbital ATK Purchase

The European Commission has approved a deal for Northrop Grumman (NYSE: NOC) to acquire Orbital ATK (NYSE: OA) for approximately $9.2 billion. Northrop said Monday it continues to support the Federal Trade Commission in its effort to evaluate the transaction. The European Commission’s decision came nearly a month after Kathy Warden, …

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General Dynamics to Buy CSRA in Potential $9.6B Deal; Phebe Novakovic, Larry Prior Comment

General Dynamics (NYSE: GD) has agreed to acquire CSRA (NYSE: CSRA) for approximately $9.6 billion in a move to form a combined information technology platforms provider in the government IT services sector. General Dynamics said Monday it will pay $40.75 in cash for each share of CSRA stock and assume …

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Fulcrum Buys PTR Group in Intell, R&D Expansion Push; Jeff Handy Comments

Fulcrum has wrapped up its purchase of Herndon, Virginia-based engineering services company The PTR Group for an undisclosed sum in a move to grow its presence in intelligence and research-and-development markets. Fulcrum CEO Jeff Handy said in a statement the acquisition supports the company’s entry into the R&D market and …

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Dell Technologies Mulls Potential Merger With VMware; Pat Gelsinger Comments

Dell Technologies (NYSE: DVMT) said in its filing with the Securities and Exchange Commission Friday that its board of directors has begun to assess potential business opportunities that include a possible merger with VMware (NYSE: VMW). Round Rock, Texas-based Dell Technologies said it also considers an initial public offering of its …

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John Heller: PAE Buys Macfadden in Humanitarian, Disaster Response Expansion Push

PAE has purchased Silver Spring, Maryland-based disaster response services provider Macfadden & Associates for an undisclosed sum. “Macfadden will expand PAE’s customer reach, building upon the relationship PAE established with [the U.S. Agency for International Development] when PAE supported their response to the Ebola outbreak in 2015,” PAE CEO John …

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Mercury Completes $180M Themis Purchase; Mark Aslett Comments

Andover, Massachusetts-based Mercury Systems (Nasdaq: MRCY) has wrapped up its $180 million cash purchase of Fremont, California-based ruggedized computing products manufacturer Themis Computer. Mercury first announced the deal in December and the company said Thursday it financed the transaction with funds under its existing revolving credit facility. Mark Aslett, president and CEO of …

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On Assignment Plans $775M ECS Federal Acquisition; Peter Dameris, George Wilson Comment

On Assignment (NYSE: ASGN) has agreed to purchase Fairfax, Virginia-based technology and engineering firm ECS Federal for $775 million from majority owner Roy Kapani and investment company Lindsay Goldberg. ECS and its current leadership team will continue to operate under its brand name as a division of On Assignment, the …

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Kathy Warden: Northrop to Form Innovation Systems Unit After Orbital ATK Purchase

Kathy Warden, president and chief operating officer at Northrop Grumman (NYSE: NOC), has said the company will establish a new business sector once the Falls Church, Virginia-based defense contractor completes the $9.2 billion purchase of Orbital ATK (NYSE: OA), Inside Defense reported Thursday. Warden told analysts Thursday that Blake Larson, COO …

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Serco’s North American Arm Closes BTP Systems Purchase; Dave Dacquino Comments

Serco Inc., the British contractor’s North American business, has wrapped up its acquisition of Ludlow, Massachusetts-based technology and professional services contractor BTP Systems. Both companies first announced the deal in October of last year and Serco Inc. said Friday it plans to integrate BTP operations within its command, control, communications, computers, combat systems, intelligence, …

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