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Tag Archives: Houlihan Lokey

CSRA Inks $235M Cash Deal for Praxis Engineering in Intell Market Push

CSRA (NYSE: CSRA) has agreed to purchase Annapolis Junction, Maryland-based Praxis Engineering Technologies for approximately $235 million in cash in a move to expand its capabilities in mission applications development and broaden its market presence in the intelligence community. Both companies expect to complete the acquisition by the third quarter of CSRA’s …

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Veritas Capital Acquires PAS Technologies from Houlihan Lokey

PAS Technologies, a portfolio company of KRG Capital Partners, has been acquired by StandardAero, a portfolio company of Veritas Capital from Houlihan Lokey. The transaction closed on May 5, 2017. PAS provides OEM and aftermarket aerospace engine components that are able to endure high-wear, high-heat, and corrosive environments. The company offers a comprehensive set …

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John Heller: PAE Eyes Govt Services Portfolio Expansion Via FCi Federal Purchase

PAE has agreed to buy FCi Federal for an undisclosed sum in a move to expand service offerings for federal government clients. Both companies expect to complete the transaction over the next 45 business days pending regulatory approvals, PAE said Monday. FCi Federal will become a business unit of PAE following …

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Harris to Sell Govt IT Services Business to Veritas Capital for $690M

Harris Corp. (NYSE: HRS) has agreed to sell its government information technology services business to private equity investment firm Veritas Capital for approximately $690 million in the military radio maker’s second major divestiture over less than one month as part of its larger portfolio reshaping effort. The deal comes approximately three weeks …

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Booz Allen Inks $250M Deal for Aquilent in Digital Business Growth Push

Booz Allen Hamilton (NYSE: BAH) has agreed to buy Laurel, Maryland-based digital services contractor Aquilent for approximately $250 million in a push to grow technology offerings, talent pipeline and citizen-focused digital services. Booz Allen said Tuesday the deal aims further the McLean, Virginia-based company’s efforts to integrate consulting and technical expertise to help customers implement cloud, mobile and modular platforms with …

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Oasis Buys MAR in Govt Services Market Push; Tom Colatosti Comments

Oasis Systems has bought professional services company MAR for an undisclosed amount as Oasis looks to expand its reach in the federal government and defense markets. Oasis said Tuesday the combined company will operate in 24 locations throughout the U.S. and work to deliver information technology, cybersecurity, systems engineering, marine operations …

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Bill Ballhaus: SRA to Purchase Qbase Assets for Health IT, Homeland Security Push

SRA International has agreed to acquire a portion of Qbase‘s government services business for an undisclosed sum in a push to expand work with homeland security, law enforcement and healthcare government agencies. SRA said Tuesday it expects to complete the acquisition by April and the assets it will purchase encompass information technology and professional services. Qbase is a privately-held software …

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Chuck Harrington: Parsons Buys Secure Mission Solutions for Security, Defense Business Strategy

Parsons Corp. has acquired Secure Mission Solutions from Riordan, Lewis & Haden Equity Partners for an undisclosed amount in a move to expand Parsons’ cybersecurity market presence. Secure Mission Solutions will be integrated into Parsons’ government services business unit that is led by Mary Ann Hopkins, Parsons said Friday. Chuck Harrington, Parsons …

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Astronics to Buy EADS NA’s Test, Services Business for $53M; Peter Gundermann Comments

Astronics Corp. (NASDAQ: ATRO) has agreed to buy Airbus Group Inc.’s (formerly EADS North America) test and services business for nearly $53 million in cash. EADS T&S will operate within Astronics’ test systems segment after the transaction is completed in February, which is subject to regulatory approval and other closing conditions, Astronics …

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SAIC Completes Sale of Test and Evaluation Business to AMERICAN SYSTEMS; Bill Hoover Comments

Science Applications International Corp. (NYSE: SAI) has completed the sale of its test and evaluation business to AMERICAN SYSSTEMS Corp. and the terms of the sale were not disclosed, according to a Washington Technology article. AMERICAN SYSTEMS said the acquisition will help its work with the Defense Information Systems Agency’s joint interoperability test command. …

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