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Tag Archives: M&A Activity

ManTech Signs $115M Cash Deal for Kforce Government Solutions; Kevin Phillips Quoted

ManTech International (Nasdaq: MANT) has agreed to buy Kforce Government Solutions for $115M in cash in a move to broaden its federal civilian and health footprint, particularly within the Department of Veterans Affairs. ManTech said Friday it expects the transaction to conclude this month, subject to regulatory approvals and other customary …

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CACI Closes LGS Acquisition; Ken Asbury Quoted

CACI International (NYSE: CACI) has finalized its acquisition of LGS Innovations from CoVant Management and Madison Dearborn Partners. Ken Asbury, CACI president and CEO and a 2019 Wash100 winner, said in a statement published Friday the transaction marks the company’s next step in a strategy to broaden its cyber, electronic warfare …

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Kratos Buys Majority Stake in Turbine Engine Maker FTT, Forms New Business Unit

Kratos Defense and Security Solutions (Nasdaq: KTOS) has acquired a controlling interest in Florida Turbine Technologies for $60M in cash and stock and formed a new business unit as a result of the transaction. FTT will operate as part of the newly created Kratos Turbine Technologies division, which will focus on the …

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Tyler Technologies Closes MicroPact Acquisition; Lynn Moore Quoted

Plano, Texas-based public sector software provider Tyler Technologies has finalized its acquisition of MicroPact from Arlington Capital Partners. Lynn Moore, president and CEO of Tyler, said in a statement published Thursday the deal aligns with the company’s long-term strategy to build up its current offerings with the addition of complementary …

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HII Completes Fulcrum Acquisition

Huntington Ingalls Industries (NYSE: HII) has finalized its acquisition of Centreville, Va.-based Fulcrum IT Services as part of efforts to broaden predictive threat analytics and situational awareness offerings. HII said Monday Fulcrum will run as part of its technical solutions division and will bring capabilities in cybersecurity, engineering, software development, …

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Harris, L3 Set April 4 Shareholder Vote on All-Stock Merger Deal

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) will each hold a shareholder meeting on April 4 to decide on proposals needed to finalize the companies’ proposed merger through an all-stock transaction. Shareholders of record as of Feb. 22 will vote at the companies’ respective meetings, Harris and L3 said Monday. L3 …

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Hexagon to Acquire Geospatial App Provider Thermopylae; Ola Rollen Quoted

Sweden-based digital platforms provider Hexagon has agreed to buy Arlington, Va.-based software firm Thermopylae Sciences and Technology for an undisclosed sum to build up a portfolio of 5D visualization systems for U.S. defense and government clients. Hexagon said Monday it will operate Thermopylae as part of its geospatial division upon completion …

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GTY Buys Six Tech Firms to Create Public Sector-Focused Software Company

GTY Technology Holdings Inc. (Nasdaq: GTYH), a special purpose acquisition company founded by former Accenture (NYSE: ACN) and EMC executives, has wrapped up its purchase of six technology companies in a push to expand presence in the public sector market. The deals resulted in the formation of a new software …

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McAleese & Associates: Investors Expect HII to Hit 10% Shipbuilding Margins in 2019

A new report by consulting firm McAleese & Associates says investors expect Huntington Ingalls Industries (NYSE: HII) to return to 10 percent shipbuilding operating margins in 2019. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report the figure could be driven by five ship deliveries this …

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Applied Insight Buys ATG, Stratus Solutions to Expand Cloud, AI, Analytics Offerings; John Hynes Quoted

Ashburn, Va.-based technology services contractor Applied Insight has acquired Stratus Solutions and Applied Technology Group for an undisclosed sum in a push to grow its artificial intelligence, cloud and analytics offerings for defense, intelligence and federal civilian clients. AI said Wednesday it acquired ATG early last year and completed its …

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