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Search Results for: HIG Capital

URS Details 2-Year Repurchase, Dividend Plan; Thomas Hicks, Martin Koffel Comment

URS Corp. (NYSE: URS) has told investors that it plans to return $500 million of its capital to stockholders by the end of fiscal year 2015. The company will carry out the plan via share repurchases and dividends as part of its capital allocation strategy over the next two years, …

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SAIC Senior Leaders Share Post-Spinoff Goals with Investors

Senior leaders of the future Science Applications International Corp. discussed the company’s plans Wednesday as that business prepares to spin off from SAIC, which is being renamed Leidos. SAIC will be a prime contractor on 91 percent of its 1, 500 contracts and task orders and is valued at $4 billion in annual …

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Bob Kipps: As Sellers Return, Sustained Buyer Interest Could Buoy GovCon M&A in 2nd Half of 2013

Rising From the Abyss? Bob Kipps, Managing Director,  KippsDeSanto & Company As industry dealmakers know, government services and defense deal closings during first half of this year were hollowed out by the double whammy of higher capital gain taxes and advent of sequestration that occurred earlier this year. Anticipation of …

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COO Michael Santelli Adds President Role at OMNIPLEX; Philip Sweeney Named Exec Chairman

Michael S. Santelli has added the role of president at OMNIPLEX World Services Corp. and will continue to serve in his current capacity as chief operating officer at the Chantilly, Va.-based intelligence, investigative and security services contractor. The company also named Philip T. Sweeney as its executive chairman and chairman …

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Dr. Stephen Fuller on Federal Spending, Sequestration and the DC Regional Economy

Dr. Stephen Fuller, director of the George Mason University Center for Regional Analysis, recently caught up with Executive Mosaic, parent company of this website and the Potomac Officers Club, to offer his insights and analysis on the impact of federal spending and sequestration on the Washington regional economy. Fuller will …

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Doug Gates to Lead KPMG Aerospace, Defense Practice; Jeff Dobbs Comments

Doug Gates, a 30-year consulting and industry veteran, has been appointed to lead KPMG‘s global and U.S. aerospace and defense practice. The eight-year firm veteran succeeds Marty Phillips, who now serves as head of management consulting for the diversified industrials practice that includes aerospace and defense, KPMG said Tuesday. Gates …

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Bob Kipps: Early 2013 GovCon M&A in “Eye of the Storm”

Eye of the GovCon M&A Storm Bob Kipps, Managing Director, KippsDeSanto & Company After gushing throughout 2012, GovCon M&A deal announcements have slowed to a trickle thus far in 2013.  At a recent deal conference in DC last week, lenders and other transaction advisors were commenting about their lack of …

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DigitalGlobe, GeoEye Complete Merger; Jeffrey Tarr Comments

DigitalGlobe (NYSE: DGI) and  (NASDAQ: GEOY) have completed their $900 million cash-and-stock merger, DigitalGlobe said Thursday. Both companies announced the transaction in July 2012, saying they are aiming to grow in the commercial and international markets and depend less on the U.S. government for revenue. “I look forward to working closely with …

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Fluor Names 30-Year Vet John Hopkins NuScale Power CEO; David Seaton Comments

Fluor Corp. (NYSE: FLR) has appointed 28-year company veteran John Hopkins succeed the retiring Paul Lorenzini as chairman and CEO of NuScale Power, which Fluor holds a majority stake in. Fluor said Hopkins, currently group executive for corporate development and new ventures, will move over to NuScale in March 2013 and …

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Dell Acquires Cloud Solutions Provider, Forms New Enterprise Org.; Marius Haas Comments

Dell has announced the purchase of cloud provider Gale Technologies in addition to the formation of a new enterprise systems & solutions organization to be led by Dario Zamarian, vice president and general manager. According to a Dell statement, the terms of the transaction were not disclosed and Gale helps customers turn discrete compute, …

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