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Tag Archives: M&A Activity

UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes Quoted

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.

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HII Completes $350M Buy of Kongsberg Maritime’s Hydroid Subsidiary; Andy Green Quoted

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.

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Proposed UTC-Raytheon Merger Gets DOJ Antitrust Clearance With Divestiture Requirement

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.

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Ramzi Musallam, Veritas Capital CEO & Managing Partner, Selected to 2020 Wash100 for Buyout Fund and GovCon M&A Leadership

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.

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CGI to Buy TeraThink; George Schindler, Tim Hurlebaus Quoted

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.

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Private Equity Firm, Media Vet Buy Controlling Stake in Government Executive Media Group

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.

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