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Tag Archives: M&A Activity

Maximus to Buy General Dynamics’ Citizen Engagement Centers in $400M Cash Deal; Bruce Caswell Quoted

Maximus (NYSE: MMS) has agreed to buy federal citizen engagement centers of General Dynamics (NYSE: GD) information technology business for $400M in cash in a move to expand its capabilities in citizen services delivery. The company “is strengthening its position with some of the largest mission-critical federal civilian programs,” Bruce Caswell, Maximus president …

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Boeing Closes KLX Purchase; Stan Deal Quoted

Boeing (NYSE: BA) has wrapped up its $3.2B cash acquisition of Florida-based aviation parts and services provider KLX. The transaction is part of Boeing’s aerospace services market push and expands its offerings for defense, business, commercial and general aviation clients, the company said Tuesday. The Chicago-based planemaker first announced the …

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Maxar Eyes January 2019 Completion for US Incorporation; Howard Lance Quoted

Maxar Technologies (NYSE: MAXR) has begun the process of its domestication in the U.S. as part of its business strategy. Howard Lance, Maxar president and CEO, said in a statement published Tuesday the proposed U.S. domestication is part of the firm’s U.S. Access Plan and seeks to accelerate its growth …

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Tom Reilly: Cloudera-Hortonworks Merger Aims to Help Enterprises Work Across All Cloud Providers

Tom Reilly, CEO of Cloudera (NYSE: CLDR), told CNBC in an interview that aired Friday the proposed merger of the Palo Alto, Calif.-based software firm with Hortonworks (Nasdaq: HDP) will create a new company that will deliver software across all major cloud service providers. “We work on Amazon, Microsoft, Google, the IBM Cloud, …

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DOJ Clears UTC’s $30B Purchase of Rockwell Collins

The Justice Department has given antitrust approval to United Technologies Corp. (NYSE: UTX) to pursue its approximately $30B acquisition of Rockwell Collins (NYSE: COL), Bloomberg reported Tuesday. UTC announced in September 2017 that it agreed to pay approximately $23B in cash and stock and assume $7B in net debt from the Cedar Rapids, …

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Report: AM General Could Seek Potential Buyers

AM General has tapped financial services firm Macquarie Group to seek out buyers for the South Bend, Ind.-based military ground vehicle manufacturer, Reuters reported Tuesday. Reuters estimates AM General is worth more than $2B based on the company’s recent contract wins and its limited liability corporation structure, which could offer a …

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Boeing Closes Millennium Space Systems Buy

Boeing (NYSE: BA) has wrapped up its purchase of Millennium Space Systems in a move that adds small satellite technologies to the Chicago-based aerospace contractor’s portfolio. El Segundo, Calif.-based Millennium Space Systems will operate as part of its parent company’s Phantom Works research-and-development unit, Boeing said Tuesday. The closing of the deal comes nearly …

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L3 Acquires ASV Global in Unmanned Maritime Tech Expansion Push; Christopher Kubasik Quoted

L3 Technologies (NYSE: LLL) has purchased unmanned surface vessel developer ASV Global for an undisclosed sum in a move to expand its autonomous maritime capabilities. The acquired company will operate as L3 ASV and will help L3 broaden its range of offerings such as integrated unmanned undersea and surface vessels, autonomous off-board …

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System One Buys Federal IT Services Contractor TPGS; Troy Gregory, Billy Hinson Quoted

Pittsburgh, Pa.-based workforce services provider System One has acquired Reston, Va.-based intelligence services contractor TPGS for an undisclosed amount as part of efforts to expand its information technology offerings for federal civilian and defense clients. “The expertise and reputation of TPGS aligns with System One’s strategy of providing mission critical services, …

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Jimmy Norcross, Mark Hugel, John Spadafore Take New Leadership Roles at CACI’s Navy Business

CACI International (NYSE: CACI) has made a series of leadership changes to support its expanding work with the U.S. Navy following its $84M acquisition of General Dynamics‘ (NYSE: GD) systems engineering and acquisition services business unit in August. Jimmy Norcross, formerly head of asset and supply chain division at CACI’s business systems, has been …

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