New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton’s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing director …

New York-based private equity firm Cerberus Capital Management has agreed to purchase a 70 percent controlling stake in Navistar International’s (NYSE: NAV) defense business for an undisclosed sum. Michael Sanford, co-head of private equity and senior managing director of Cerberus, said in a statement published Monday the company plans to …

AE Industrial Partners has purchased Washington, D.C.-based technical and defense engineering services contractor Gryphon Technologies for an undisclosed amount. The Boca Raton, Fla.-based private equity firm said Thursday it will integrate Gryphon with the government services subsidiary of its portfolio company CDI. Gryphon provides services across defense platforms and integration, marine engineering …

Rebecca Hazard, former vice president and associate general counsel at Riverbed, has been named general counsel and corporate secretary of the information technology firm. She will oversee legal and trade compliance functions in her role as general counsel, the company said Monday. In her previous capacity, she led a global team focused …

Canada-based WSP Global has agreed to acquire Louis Berger for approximately $400 million in an effort to expand its footprint in continental Europe and leverage the Morristown, N.J.-based professional services firm’s expertise in water, transportation, environment and master planning. Alexandre L’Heureux, WSP president and CEO, said in a statement published Monday …

CoVant Management and Madison Dearborn Partners have purchased Los Angeles-based space systems technology platforms provider LinQuest for an undisclosed sum. LinQuest CEO Leon Biederman will continue to oversee the company and maintain “a significant minority ownership position” in the firm along with other members of the management team, CoVant said Tuesday. Biederman …

Global private equity firm H.I.G. Capital has agreed to acquire Reston, Virginia-based government information technology services provider NCI (Nasdaq: NCIT) for approximately $283 cash, or $20 per share. NCI said Monday its board of directors unanimously approved the proposed sale and that founder and Chairman Charles Narang will tender all of …

McAfee has officially launched as a stand-alone cybersecurity firm after Intel (Nasdaq: INTC) completed the spinoff of the latter’s security business through an approximately $4.2 billion deal with private equity firm TPG. Chris Young, a senior vice president and general manager at Intel, will serve as CEO of McAfee and Bryan Taylor, a partner …

Belcan, a portfolio company of private investment firm AE Industrial Partners,  has purchased The Kemtah Group for an undisclosed amount in a strategy to expand the former’s government information technology services business. Belcan CEO Lance Kwasniewski said in a statement released Thursday the transaction comes five months after it acquired Intercom Consulting & Federal …

Periscope Holdings has purchased BidSync, provider of cloud-based procurement and bid notification services for the public sector, for an undisclosed amount. Brian Utley,  president and CEO of Periscope Holdings, will lead the combined company and the transaction was completed on Monday,  Periscope said Wednesday. Utley said Periscope Holdings intends for the merger to continue delivering …