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Tag Archives: M&A Activity

Jason Aiken: General Dynamics Seeks to Compete in ‘Consolidating’ Govt IT Services Market Via CSRA Buy

Jason Aiken, chief financial officer of General Dynamics (NYSE: GD), has said the move to acquire CSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government information technology services market, Inside Defense reported Wednesday. “In a consolidating market, our thesis is that you either have to …

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Curtiss-Wright to Purchase Siemens’ Dresser-Rand Govt Business for $212M

Curtiss-Wright (NYSE: CW) has agreed to buy Siemens’ Dresser-Rand government business through a $212.5 million cash transaction. Curtiss-Wright said Tuesday it will operate Dresser-Rand as part of its power segment and expects to close the acquisition in April, subject to regulatory approval and other customary closing conditions. “The acquisition of Dresser-Rand’s …

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CenturyLink Unveils Strategic Govt Exec Leadership Team; David Young Comments

CenturyLink (NYSE: CTL) has named eight executives to the strategic government leadership team that will work to support federal agencies, educational institutions, national and regional public consortiums and defense companies. The company said Thursday the executives will directly report to David Young, regional vice president of strategic government, and help …

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Arlington Capital Makes Intell Community Tech Push Through IAI Purchase

Arlington Capital Partners has purchased Chantilly, Virginia-based systems engineering and technical analysis services provider Integrity Applications Inc. for an undisclosed sum. The Washington-based private equity firm said Wednesday it plans to merge IAI with human intelligence platforms provider Xebec that Arlington Capital acquired in 2017. David Wodlinger, a partner at Arlington …

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Veritas Capital to Buy PwC’s US Public Sector Business

Veritas Capital has agreed to purchase the U.S. public sector business of PwC for an undisclosed sum. Veritas said Wednesday it will rename and run the business as an independent company once it finalizes the transaction and completes regulatory approvals and other customary closing conditions. The U.S. public sector business will …

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European Commission OKs Northrop’s Orbital ATK Purchase

The European Commission has approved a deal for Northrop Grumman (NYSE: NOC) to acquire Orbital ATK (NYSE: OA) for approximately $9.2 billion. Northrop said Monday it continues to support the Federal Trade Commission in its effort to evaluate the transaction. The European Commission’s decision came nearly a month after Kathy Warden, …

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General Dynamics to Buy CSRA in Potential $9.6B Deal; Phebe Novakovic, Larry Prior Comment

General Dynamics (NYSE: GD) has agreed to acquire CSRA (NYSE: CSRA) for approximately $9.6 billion in a move to form a combined information technology platforms provider in the government IT services sector. General Dynamics said Monday it will pay $40.75 in cash for each share of CSRA stock and assume …

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Fulcrum Buys PTR Group in Intell, R&D Expansion Push; Jeff Handy Comments

Fulcrum has wrapped up its purchase of Herndon, Virginia-based engineering services company The PTR Group for an undisclosed sum in a move to grow its presence in intelligence and research-and-development markets. Fulcrum CEO Jeff Handy said in a statement the acquisition supports the company’s entry into the R&D market and …

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Dell Technologies Mulls Potential Merger With VMware; Pat Gelsinger Comments

Dell Technologies (NYSE: DVMT) said in its filing with the Securities and Exchange Commission Friday that its board of directors has begun to assess potential business opportunities that include a possible merger with VMware (NYSE: VMW). Round Rock, Texas-based Dell Technologies said it also considers an initial public offering of its …

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John Heller: PAE Buys Macfadden in Humanitarian, Disaster Response Expansion Push

PAE has purchased Silver Spring, Maryland-based disaster response services provider Macfadden & Associates for an undisclosed sum. “Macfadden will expand PAE’s customer reach, building upon the relationship PAE established with [the U.S. Agency for International Development] when PAE supported their response to the Ebola outbreak in 2015,” PAE CEO John …

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