Home / Tag Archives: government services

Tag Archives: government services

Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

Read More »

Accenture/Salesforce Sponsored Study Shows Need to Address Access to Gov’t Services

TYSONS CORNER, VA, Nov. 9, 2017 — Accenture (NYSE: ACN) and Salesforce (NYSE: CRM) have found through a survey that 49 percent of adults in the U.S. prefer to interact with government and access services via websites, ExecutiveBiz reported Wednesday. The companies jointly commissioned the Governing Institute study, which also …

Read More »

KBR Unit Awarded $91M Contract to Support Navy Base Operations in Bahrain, UAE

KBR‘s (NYSE: KBR) government services unit has received a $91 million contract to deliver support services for Naval Facilities Engineering Command Atlantic base operations in Bahrain and the United Arab Emirates. The company announced Tuesday the contract awarded to KBRwyle covers housing, unarmed security, equipment maintenance, utilities, waste management, custodial, material handling, personnel movement …

Read More »

February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

Read More »

Veritas Capital Raises $3.6B for Future Investment in Midmarket Tech Companies

Veritas Capital has raised $3.55 billion to fund future investments in technology-focused middle-market companies that support government-related and commercial organizations across various sectors. The private equity investment firm said Wednesday Veritas Capital Fund VI, which exceeded the target hard cap of $3 billion in four months, could go to investments in sectors such …

Read More »

January 30 Market Close: GovCon Index Broaches 1% Decline Amid Market Anxiety Over Immigration Order

Executive Mosaic’s GovCon Index posted its largest decline in seven weeks Monday as the general U.S. stock market also saw increased selling activity amid investor concern over the Trump administration’s immigration measure to bar entry into the U.S. from seven Middle East countries. Only three of the GovCon Index’s 30 components advanced …

Read More »

PSC Appoints Parsons’ Carey Smith as Board of Directors Secretary

TYSONS CORNER, VA, Dec. 28, 2016 — Professional Services Council has appointed Carey Smith, president of Parsons‘ federal business unit, to be the secretary of the trade association’s board of directors, GovCon Executive reported Thursday. Smith will also continue to serve as a member of PSC’s executive committee for another term …

Read More »

Health IT Vet Brooke Patterson Named ARDX Govt Services SVP

Brooke Patterson, formerly vice president and deputy general manager of FEI Systems, has been appointed senior VP for government services at Norfolk, Virginia-based healthcare management and information technology consulting firm ARDX. ARDX said Tuesday that Patterson will oversee the company’s efforts to expand and implement healthcare technology offerings for federal, state and local government …

Read More »

December 5 Market Close: GovCon Index Hits First 90-Point Close, HII & Services Gains Offset Prime Declines

Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s strong performance restarts a post-election …

Read More »

December 1 Market Close: GovCon Index Flat on Services Stock Declines & Aerospace Gains

Executive Mosaic’s GovCon Index closed in narrow range Thursday to start the final month of 2016 as sharp declines by government services contractors offset large gains for aerospace stocks in a session that saw U.S. stocks close mixed. GovCon Index decliners outnumbered advancers by a 2-to-1 ratio and five of its 11 S&P 500 stocks …

Read More »