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Tag Archives: M&A Activity

Granicus Buys SouthTech for Gov’t Records Mgmt Automation Strategy; Mark Hynes Quoted

Granicus has bought California-based government records management contractor SouthTech Systems for an undisclosed sum to add a platform used to automate agencies’ filing processes. SouthTech developed a technology that works to help public sector clerks and recorders manage records such as birth, marriage, land and death certificates, Granicus said Tuesday. Mark Hynes, …

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Ellen Lord: DoD Continues to Evaluate Proposed L3-Harris Merger

Ellen Lord, undersecretary for acquisition and sustainment at the Defense Department, has said DoD is working with antitrust regulators to find out if the proposed merger of L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) would have an impact on the “competitive landscape,” Reuters reported Wednesday. “We’re working through the process. We …

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Novetta Buys Berico in Cloud Engineering Push; Tiffanny Gates Quoted

Novetta has acquired Reston, Va.-based information technology services contractor Berico Technologies for an undisclosed sum in a move to broaden its cloud engineering capabilities and advance growth efforts. Novetta said Monday it completed the purchase on Nov. 7 and Baird acted as Berico’s exclusive financial adviser in the transaction. “We …

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Calibre Acquires IT Services Provider Spear

Calibre Systems has purchased Herndon, Va.-based information technology services contractor Spear for an undisclosed sum. Joe Martore, Calibre president and CEO, said in a statement released Wednesday the acquisition presents an opportunity for the company to offer a diverse set of IT platforms and certified resources, further support clients and …

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Engility Sets Record Q3 Book-to-Bill Ratio; Lynn Dugle Quoted

Engility (NYSE: EGL) reported a record book-to-bill ratio of 2.4x at $1.1B in net bookings and posted a revenue of $471M in the third quarter of 2018. The company said Wednesday those net bookings included contract awards worth approximately $550M within the intelligence segment; $320M within the space sector; and …

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SAIC’s Planned Engility Buy Inches Closer to Completion as Waiting Period Under Antitrust Law Ends

Science Applications International Corp. (NYSE: SAIC) has met one of the conditions needed to complete its proposed acquisition of Engility (NYSE: EGL) with the expiration of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act. SAIC said Tuesday the waiting period ended Monday, Oct. 22, with respect to …

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UTC Expects China’s Approval of Rockwell Collins Deal Within Weeks; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) expects Chinese regulators to approve its planned $30B purchase of Rockwell Collins (NYSE: COL) within weeks, Reuters reported Tuesday. UTC CEO Greg Hayes said Tuesday in a conference call the company does not expect the U.S.-China political issues to have an impact on the deal citing UTC’s …

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Applied Insight Buys OSI to Further Mission Tech Strategy

Ashburn, Va.-based technology services contractor Applied Insight has bought Organizational Strategies Inc. for an undisclosed sum in a move to help government clients further missions with the firms’ collective offering. Both companies aim to combine analytics, cyber, sensor and cloud computing platforms with with their understanding of various missions to address specific customer requirements, …

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