Centene (NYSE: CNC) wrapped up its acquisition of Magellan Health days after the St. Louis-based managed care company obtained all needed regulatory approvals to close the transaction. “Magellan will expand Centene’s reach to provide increased access to behavioral healthcare for our members at a time when so many Americans are struggling...
Trexon, a specialty connectivity equipment supplier backed by Audax Private Equity, has acquired tactical communications technology provider Power Connector Inc. for an undisclosed sum. Ohio-based Trexon said Tuesday the deal expands the company’s engineered products group with the addition of PCI’s interconnect systems designed for mili...
FDH Aero has purchased aircraft hardware provider Calco Industries for an undisclosed amount in a move to expand FDH’s product offerings in the military rotorcraft market. The transaction marks FDH’s 11th completed acquisition since it became a portfolio company of Audax Private Equity in 2017, the aerospace distribution company said Tuesday...
Mitchell Sipus, director of product at CalypsoAI, said government agencies need artificial intelligence and machine learning algorithms that they can trust and can help speed up missions. Sipus wrote that agencies need algorithms that can be tested to enable users to rapidly evaluate, understand and trust such platforms. He noted that CalypsoAI work...
John Zangardi, formerly president of Redhorse, has transitioned to the role of CEO as part of the company’s growth-focused organizational changes supported by a minority investment from Blue Delta Capital Partners. Redhorse said Monday the private equity firm’s recent investment also backs the appointment of a chief financial officer and...
Michael Porcelain, a nearly 20-year veteran of Comtech Telecommunications (Nasdaq: CMTL), has started his dual role as the company’s president and CEO. He succeeded former Comtech CEO Fred Kornberg, who will serve as a technology adviser to the management team and remain as a director and a non-executive board chairman, the communications equi...
Executive Mosaic’s flagship GovCon Wire will feature Kevin Welsh, executive director of the Federal Aviation Administration’s Office of Environment and Energy, in an upcoming virtual fireside conversation to overview the agency’s mission to address climate change within the aviation sector. The FAA unveiled in November its plan to impl...
Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments. Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following ...
Italy-based aerospace and defense contractor Leonardo has acquired a 25.1 percent stake in German sensor manufacturer Hensoldt for approximately $685 million in cash. Leonardo said Monday it expects the transaction to help expand its presence in the European defense electronics market, particularly in the German defense sector, and strengthen the pa...
Centene (NYSE: CNC) has secured all required regulatory clearances to complete its acquisition of Magellan Health (Nasdaq: MGLN) and both parties expect the transaction to close on Jan. 4, Tuesday. “Our combined company will have expanded reach in a variety of specialty services and will provide increased access to behavioral health care during a ...
