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...
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...
ICF (Nasdaq: ICFI) has closed its purchase of Creative Systems and Consulting, a cloud advisory and technology services provider to the federal sector. John Wasson, chairman, president and CEO of ICF, told ExecutiveBiz in a recent interview he expects the acquisition to expand the company’s government information technology service offerings. ...
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 ...
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 ...
MicroStrategy (Nasdaq: MSTR) paid $94.2 million in cash to buy another 1,914 Bitcoins between Dec. 9 and Dec. 29, bringing the Tysons, Virginia-based software company’s total Bitcoins to up to 124,391 units valued at approximately $3.75 billion, the Washington Business Journal reported Thursday. MicroStrategy’s final 2021 purchase represented $4...
ExecutiveBiz featured John Wasson, CEO of ICF and a two-time Wash100 Award recipient, in its most recent Executive Spotlight interview published Thursday. He talked about the company’s growth driven by key acquisitions, focus on public health and more. Here’s an excerpt from the interview with Wasson discussing ICF’s acquisition of ESA...
Corey Frayer, formerly a senior professional staff member of the Senate Banking Committee, has joined the Securities and Exchange Commission to advise SEC Chairman Gary Gensler on cryptocurrency-related policy and interagency matters. SEC announced Thursday the appointment of Frayer to a senior advisory role and three legal professionals to operatio...
The U.S. Air Force has awarded Canadian Commercial Corp. a seven-year, $70 million contract to extend contractor logistics support to electro-optical infrared sensors installed on the branch’s AC-130 gunship fleet. The firm-fixed-price contract to CCC will include field-level repair, troubleshooting and operator familiarization training servic...
