Tag Archives: M&A Activity

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.

Huntington Ingalls Industries (NYSE: HII) has finalized its acquisition of Pocasset, Mass.-based marine robotics provider Hydroid from Kongsberg Maritime for approximately $350M as part of efforts to expand its capabilities in the autonomous and unmanned maritime systems market. HII said Thursday it will operate Hydroid as part of unmanned systems business unit within its technical solutions division, which now includes capabilities in small and medium unmanned underwater vehicles with the addition of Hydroid’s Remus and Seaglider autonomous underwater vehicles.

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

Executive Mosaic is honored to introduce Ramzi Musallam, CEO and managing partner of Veritas Capital, as an inductee into the 2020 edition of the Wash100 for leading the New York City based investment firm to exceed its fundraising targets and further invest in technology-focused businesses.

Cybersecurity services provider ShorePoint has acquired Chantilly, Va.-based information security and data analytics company Cyberyllium for an undisclosed sum to grow offerings and engagements in the government sector.

CGI (NYSE: GIB) has agreed to acquire Reston, Va.-based information technology and management consulting firm TeraThink for an undisclosed sum as part of efforts to expand its enterprise application services for federal government clients. The transaction is expected to be finalized by the end of March and will allow CGI Federal to build up its consulting capabilities and incorporate TeraThink’s data analytics, application development and agile enablement capabilities into its IT offerings portfolio, CGI said Wednesday.

American Holoptics, a Koucar Management affiliate, has agreed to acquire L3Harris Technologies’ (NYSE: LHX) EOTech business for an undisclosed sum. The acquisition is expected to be finalized by mid-2020, subject to customary closing conditions, the companies said in a joint release published Tuesday.

Ultra Defense Corp. has wrapped up its purchase of ammunition supplier MAST Technology for an undisclosed sum in a move to add defense system manufacturing capabilities.

Freedom Consulting Group has acquired St. Louis-based Geodata IT for an undisclosed sum as part of efforts to expand its core capabilities and presence in the geographic information system market.

Private equity firm Growth Catalyst Partners and Peter Goldstone, former CEO of real estate media firm Hanley Wood, have teamed up to acquire a significant stake in Atlantic Media’s Government Executive Media Group and establish a data-driven platform focused on serving federal, local and state government contractors and executives.