Tag Archives: M&A Activity

Private Equity Firms Close $2.4B Purchase of AECOM’s Management Services Arm; Michael Burke Quoted

Affiliates of private equity firms Lindsay Goldberg and American Securities have completed the acquisition of AECOM’s (NYSE: ACM) management services business for $2.4B. “We are pleased to complete this value-enhancing transaction, which further hones our focus on our Professional Services business and we expect will enable us to accelerate debt reduction and share repurchases,” Michael Burke, chairman and CEO of AECOM, said in a statement published Monday.

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Dynetics Awarded $93M USAF IDIQ to Support Weapon Simulator Modernization

Dynetics -- now officially part of Leidos (NYSE: LDOS) -- has secured a potential five-year, $93M contract to help the U.S. Air Force update a range of equipment and systems used to simulate weapons. The company will modernize Guided Weapons Evaluation Facility systems, provide vehicle hardware for Air Force Research Laboratory's loop simulators and develop a combat identification multiplatform for joint use, the Department of Defense said Friday.

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Accenture to Buy Sierra-Cedar’s Three Practices to Expand Offerings for Higher Education, Gov’t Clients; Ryan Gaetz Quoted

Accenture (NYSE: ACN) has agreed to acquire Sierra-Cedar’s Workday, U.S. Mulesoft and Salesforce practices for an undisclosed sum in a push to expand its offerings to government and higher education organizations seeking to update their core operations and software for finance, accounting, human resources and student services.

 

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Arvind Krishna to Succeed Ginni Rometty as IBM CEO; Jim Whitehurst Named President

Arvind Krishna, senior vice president for cloud and cognitive software at IBM (NYSE: IBM), has been elected to serve as CEO and board member of the company, effective April 6. The board of directors also elected James “Jim” Whitehurst, an SVP at IBM and CEO of Red Hat, to serve as president of IBM.

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Comtech to Acquire Gilat in $532.5M Cash-and-Stock Deal; Fred Kornberg Quoted

Comtech Telecommunications (Nasdaq: CMTL) has agreed to buy Gilat Satellite Networks (Nasdaq: GILT) for $10.25 per share or approximately $532.5M in cash and stock. “The acquisition better positions Comtech to take advantage of key marketplace trends, particularly the growing demand for satellite connectivity and the enormous long-term opportunity set that is emerging in the secure wireless communications market,” said Fred Kornberg, board chairman and CEO of Comtech.

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