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Tag Archives: M&A Activity

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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AE Industrial Partners Buys Defense Engineering Services Firm Gryphon; David Rowe, P.J. Braden Quoted

AE Industrial Partners has purchased Washington, D.C.-based technical and defense engineering services contractor Gryphon Technologies for an undisclosed amount. The Boca Raton, Fla.-based private equity firm said Thursday it will integrate Gryphon with the government services subsidiary of its portfolio company CDI. Gryphon provides services across defense platforms and integration, marine engineering …

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Valiant Lands $140M Army National Guard Training Support Contract; James Jaska Quoted

Valiant Integrated Services has received a potential three-year, $140M contract to provide training support services for the Army National Guard. The company said Monday it will support the service’s readiness efforts through the delivery of live, virtual and constructive training platforms to troops and formations at more than 50 locations …

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ByteCubed Buys Creative Agency CHIEF in Gov’t IT Services Expansion Push; Lena Trudeau Quoted

Arlington, Va.-based technology firm ByteCubed has purchased Washington, D.C.-based creative agency CHIEF for an undisclosed sum as part of efforts to expand its information technology offerings to government and commercial clients. Lena Trudeau, newly appointed ByteCubed CEO, said in a statement published Tuesday the company will combine its technology with …

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L3 Closes Azimuth Security, Linchpin Labs Acquisition Deals

L3 Technologies (NYSE: LLL) has completed its acquisitions of Azimuth Security and Linchpin Labs nearly two months after announcing the two deals worth a combined $200M. Both information security providers will merge into a single business called L3 Trenchant, the New York City-based company said Friday. L3 — which generated $9.6B in …

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