Tag Archives: Kirkland & Ellis

Elbit Systems of America Strikes $380M Deal for Sparton; Bill Toti, Bezhalel Machlis Quoted

Bill Toti CEO Sparton

Elbit Systems’ (Nasdaq: ESLT) U.S. subsidiary has agreed to acquire defense supplier Sparton from an affiliate of Cerberus Capital Management for approximately $380M. Bill Toti, CEO of Sparton and a previous Wash100 awardee, said in a statement published Wednesday the strategic combination with Elbit Systems of America will enable Sparton to further expand its market presence and continue to deliver innovative platforms in support of clients’ needs.

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Belcan Buys Federal IT Services Contractor Telesis; Lance Kwasniewski Quoted

Lance Kwasniewski CEO Belcan

Belcan, a portfolio company of private equity firm AE Industrial Partners, has acquired federal information technology services provider Telesis for an undisclosed sum. "The acquisition of Telesis is transformational for Belcan's Government IT Solutions business, immediately adding complementary capabilities and greater scale," said Belcan CEO Lance Kwasniewski.

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WCAS Announces Strategic Investment in GovernmentCIO; Brian Moran Quoted

Brian Moran Founder GovernmentCIO

Private equity firm Welsh, Carson, Anderson & Stowe has made an investment in GovernmentCIO, a provider of technology and digital platforms to the federal health information technology services market, to support the latter’s organic growth initiatives and client base expansion efforts.

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