Madison Dearborn Partners and CoVant Management have signed an agreement to purchase AEVEX Aerospace, a provider of airborne intelligence, surveillance and reconnaissance systems, for an undisclosed sum. The transaction is expected to be finalized by the end of the first quarter of 2020, subject to customary closing conditions, the companies said in a joint release published Monday.
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Timothy Dills, the former president of Scitor, has been named president and CEO of space systems technology developer LinQuest. He will work in LinQuest’s Chantilly, Va., office and will lead corporate development strategy aimed at identifying new business opportunities, expanding customer base, attracting talent and increasing stakeholder engagement, the company …
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CACI International (NYSE: CACI) has finalized its acquisition of LGS Innovations from CoVant Management and Madison Dearborn Partners. Ken Asbury, CACI president and CEO and a 2019 Wash100 winner, said in a statement published Friday the transaction marks the company’s next step in a strategy to broaden its cyber, electronic warfare …
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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 …
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