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Tag Archives: M&A Activity

Carlyle Group Closes StandardAero Purchase; Ramzi Musallam Quoted

The Carlyle Group has completed its acquisition of aircraft maintenance, repair and overhaul services provider StandardAero from Veritas Capital for an undisclosed amount. The deal was first announced in December 2018. Ramzi Musallam, CEO and managing partner of Veritas Capital and a 2019 Wash100 winner, said Veritas has played a …

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Global Ordnance Completes Acquisition of Chemring Military Products

Global Ordnance has finalized its acquisition of Chemring Military Products for an undisclosed sum in a move to expand its presence in the non-standard ammunition and weapons market. Global Ordnance said Friday it will integrate CMP’s personnel and contracts into its organization and expects the transaction to help build up the company’s …

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L3, Harris Shareholders OK All-Stock Merger Deal; Christopher Kubasik, William Brown Quoted

Stockholders at L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) approved during their respective meetings Thursday the proposals needed to close the proposed merger of the companies. “This vote represents a key milestone in our merger process,” Christopher Kubasik, L3 chairman, president and CEO, said in a statement published Thursday. …

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Tetra Tech Buys IT Services Contractor eGlobalTech; Dan Batrack Quoted

Tetra Tech (Nasdaq: TTEK) has purchased Arlington, Va.-based information technology services provider eGlobalTech for an undisclosed sum. Pasadena, Calif.-based Tetra Tech said Wednesday eGlobalTech will operate as part of its government services group. “The addition of eGlobalTech and their laboratory incubator will allow us to pilot and apply exciting new techniques …

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NTT Data Services Buys Cognosante’s Health IT Consulting Practice; Bob Pryor Quoted

NTT Data Services has purchased a Cognosante consulting practice that supports state and local agencies in their health information technology implementation projects. “This acquisition is the latest in our ongoing strategy of growth by strategic acquisitions that augment our specialized industry expertise and geographical presence,” NTT Data Services CEO Bob …

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ManTech Closes $115M KGS Buy in Federal Health Market Push; Kevin Phillips Quoted

ManTech International (Nasdaq: MANT) has completed its $115M cash acquisition of Fairfax, Va.-based technology and professional services contractor Kforce Government Solutions. The transaction was first announced early in March and would help ManTech to expand its federal health market presence as well as support the Department of Veterans Affairs via …

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Triumph Group Refocuses Investment Strategy After Machining, Fabrication Business Divestitures

Arlington Capital Partners and NWI Holdings have respectively finalized their acquisitions of the fabrication and machining businesses from Triumph Group. Triumph Group said Monday it will refocus investment efforts on intellectual property systems and proprietary technology products designed for aftermarket and original equipment manufacturing clients. The deals include divestitures of …

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SAIC Reports 5% Growth in Full FY 2019 Revenue, $14B in Total Backlog; Nazzic Keene Quoted

Science Applications International Corp. (NYSE: SAIC) saw its full fiscal year 2019 revenue grow 5 percent to $4.66B and ended the year with an estimated total backlog of $13.8B of which $2.8B was funded. SAIC said Thursday it recorded $220M in FY 2019 operating income with diluted earnings per share …

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Aerojet Rocketdyne Buys Additive Manufacturing Firm 3DMT; Eileen Drake Quoted

Aerojet Rocketdyne (NYSE: AJRD) has purchased 3D Material Technologies from ARC Group Worldwide for an undisclosed sum in a move to expand its capabilities to develop additive manufacturing-based metal alloy components for aerospace power and propulsion systems. “The addition of 3DMT’s capacity and expertise in metal alloy additive manufacturing expands our range …

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General Dynamics, Northrop Get Army Contract Modifications for Tank Training Ammo Cartridges

General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) have secured contract modifications from the U.S. Army to supply new and recapitalized cartridges for 120mm tank training ammunition. The service awarded a potential $58.9M modification to General Dynamics’ ordnance and tactical systems business and a $36.8M modification to Northrop’s innovation …

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