Search Results for: HIG Capital

Deltek: Pentagon Puts IT at Center of Cost-Reduction Efforts

The Defense Department is working to allocate its budget and focus on eight key information technology initiatives, the Washington Post reported Sunday. Deniece Peterson, director of research at Deltek, writes DoD wants the IT programs to reduce costs in an environment of changing regulations, budgets and workforces.. Peterson highlighted areas …

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KippsDeSanto Sees Tactical Micro Deal as the Continuation of Defense M&A Trends; Karl Schmidt Comments

Secure Communication Systems and private equity firm Vance Street Capital have acquired training, instrumentation and surveillance company Tactical Micro, Inc. from private equity firm Relativity Capital. M&A focused investment bank KippsDeSanto & Co. advised Tactical Micro on the deal and said it was reminiscent of key trends they have seen in the defense M&A environment. …

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AECOM Wins $209M to Manage Libya Housing Project; John Dionisio Comments

AECOM Technology Corp. (NYSE: ACM) has been awarded a potential 25-month, $209 million contract to serve as lead program manager and main adviser for a housing project in Libya. The company will work to manage the Housing and Infrastructure Board’s capital budget program and to advise the Ministry of Housing …

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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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