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Tag Archives: M&A Activity

Exelis Sells Fiberglass Pipe Business; John Shephard Comments

ITT Exelis (NYSE: XLS) has sold its fiberglass reinforced pipe business to a Dubai-based company for an undisclosed sum as Exelis is aiming to target its investments in certain growth platforms. Exelis is targeting future investments in the analytics, electronic warfare and ISR markets (intelligence, surveillance and reconnaissance), the company …

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GovCon Wire Gets Direct Executive View on Market

GovCon Wire‘s executive-driven coverage not only highlights their involvement in significant contract awards and mergers and acquisitions but gets their direct perspectives on what drives the GovCon market and its future trends. Bob Kipps, managing director at investment banking firm KippsDeSanto & Co., casts his eye on the sector’s M&A …

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Deloitte Buying Vivens, Aiming To Grow Salesforce Market Share; Mario van Vliet Comments

Deloitte has agreed to acquire information technology services provider Vivens for an undisclosed sum, aiming to grow its share of the enterprise applications market. The acquisition is expected to close April 2 and 50 Vivens professionals will join Deloitte upon completion of the transaction, Deloitte said Tuesday. Deloitte intends to …

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Report: Dell Committee Examining Blackstone, Icahn Takeover Bids

A special committee within Dell‘s (NASDAQ: DELL) board of directors is looking at alternative takeover proposals nearly a month after the company agreed to $24.4 billion buyout deal with Silver Lake. The company is evaluating the proposals from Blackstone Group and Carl Icahn during a 45-day go-shop period, Reuters reports. …

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Parsons Buys Federal Operations Services Provider; Chuck Harrington Comments

Parsons Corp. has acquired a provider of operations and maintenance services services to federal, state and local government agencies for an undisclosed amount. First Support Services, formerly a subsidiary of FirstGroup, holds the majority of its contracts with the U.S. Air Force and Navy, Parsons said Friday. Chuck Harrington, Parsons …

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BAE Sells Commercial Armored Vehicles Business; Bill O’Gara Comments

BAE Systems has sold its commercial armored vehicles business to a Cincinnati-based security and defense company for $10 million. The O’Gara Group acquires a business it formerly owned until 2001 and the transaction reunites the business’ former owners, members of management and other employees, the company said Monday. O’Gara renamed …

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Report: Carlyle Group Preparing Sale Of ARINC

Carlyle Group is preparing to sell ARINC at a private auction later this spring, according to Reuters. A sale of the Annapolis, Md.-based aerospace and defense company could be worth between $1.2 billion and $1.5 billion to Carlyle, according to Soyoung Kim’s report. Carlyle acquired ARINC from six U.S. airlines …

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GovCon Wire Tracks The Latest Industry Deals, Remakings

The mission of Government Contracting Wire, the long-form name of what readers know as GovCon Wire, is to give readers the latest up-to-the-minute information on business activity of the sector’s largest firms. GovCon Wire keeps readers abreast of the latest mergers and acquisitions in the GovCon space and gives readers …

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