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Tag Archives: government services

Wayne Rehberger: Engility Has Scale for $100M-$500M Defense, Intell & Space Contract Targets

TYSONS CORNER, VA, August 22, 2018 — Wayne Rehberger, chief financial officer at Engility (NYSE: EGL), has said the company is looking into defense, intelligence and space contract opportunities in the $100M to $500M range for mission operations and systems engineering services, ExecutiveBiz reported Aug. 9. Rehberger said at the Jefferies 2018 Global Industrials …

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Carlyle Group’s US Buyout Fund Secures $18.5B Capital

The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries. The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase …

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CGI’s Michelle Hertz: Pre-Acquisition Collaboration Removes Risk, Facilitates Efficiencies

TYSONS CORNER, VA, May 2, 2018 — Michelle Hertz, a vice president at CGI Federal (NYSE: GIB), has indicated the importance of dialogue between the federal government and industry acquisition professionals in order to establish and clarify requirements, determine potential limitations and drive efficiencies. “Implementing a more robust pre-acquisition process would …

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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. …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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