Tag Archives: M&A Activity

Comtech to Buy TeleCommunication Systems for $431M in US Govt Contract, Public Safety Expansion Push

Melville, New York-based Comtech Communications (Nasdaq: CMTL) has agreed to purchase Telecommunication Systems (Nasdaq: TSYS) for approximately $430.8 million cash in a deal aimed to create a company with a balanced footprint in both the U.S. government contracting and public safety markets. Comtech said Monday it expects to close the transaction by the end …

Read More »

Duane Pinnix: RMF Eyes Govt Building Services Market with CxAnalytics Buy

RMF Engineering has acquired CxAnalytics for an undisclosed amount as part of efforts to expand building commissioning and condition assessment service offerings in the government market. “CxAnalytics’ clients, projects and services made the acquisition a natural fit for RMF, ” Duane Pinnix, RMF Engineering president and CEO, said Thursday. The …

Read More »

ASRC Federal Buys Data Networks Corp; Mark Gray Comments

Beltsville, Maryland-based government contractor ASRC Federal has purchased information technology services provider Data Networks Corp. for an undisclosed sum as part of a federal IT market growth push. ASRC Federal’s parent company Arctic Slope Regional Corp. announced the transaction Monday and said DNC will operate as a subsidiary within ASRC Federal. …

Read More »

Justice Dept, FTC Clear Thoma Bravo’s $4B SolarWinds Purchase

The Justice Department and Federal Trade Commission have given antitrust clearance to Silver Lake and Thoma Bravo for the private equity firms’ $4.5 billion acquisition of information technology company SolarWinds (NYSE: SWI). Both agencies gave their notice Friday to end the required 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of …

Read More »

Tim Mahoney: Honeywell to Buy Satcom1 for In-Flight Connectivity Market Push

Honeywell (NYSE: HON) has agreed to purchase aeronautical satellite communications technology and services company Satcom1 for an undisclosed amount as the companies aim to develop an integrated in-flight connectivity offering. Tim Mahoney, president and CEO of Honeywell’s aerospace business, said Monday the company made the acquisition to also grow its satcom hardware and software …

Read More »

BAE Says No Sale of US Govt Manpower, Services Business

Britain-based defense contractor BAE Systems PLC announced in a trading update released Thursday morning it will hold onto the manpower and services business unit in the company’s U.S. subsidiary that operates as BAE Systems Inc. BAE Systems PLC said in April it would undertake a strategic review of the units that are part of the U.S. subsidiary’s intelligence …

Read More »

Reuters: Veritas Capital Bids to Acquire BAE’s US Staffing, IT Services Businesses

(NOTE: This summary was published prior to BAE Systems PLC’s announcement that it would not undertake the sale described in this story. Please click here to read our subsequent report on that announcement) Veritas Capital is in advanced negotiations to purchase BAE Systems‘ business units that offer manpower and information technology …

Read More »

Reuters: Verizon Mulls Enterprise IT Portfolio Sale

Verizon (NYSE: VZ) is considering a sale of its enterprise-grade technology portfolio in order to concentrate on its consumer market business line, Reuters reported Friday. Liana Baker and Greg Roumeliotis write Citigroup will help examine a potential sale of business landline and Internet services from Verizon’s unit formerly called MCI as well as data center offerings from …

Read More »

Tim Mahoney: Honeywell Targets Space Tech Growth With Com Dev Purchase

Honeywell (NYSE: HON) has agreed to buy space hardware manufacturer Com Dev International for about $345 million in a push to grow Honeywell’s portfolio of satellite and connectivity technologies. Honeywell said Thursday the purchase price is net of Com Dev’s cash and debt, and the company expects the transaction to …

Read More »

Oasis Buys MAR in Govt Services Market Push; Tom Colatosti Comments

Oasis Systems has bought professional services company MAR for an undisclosed amount as Oasis looks to expand its reach in the federal government and defense markets. Oasis said Tuesday the combined company will operate in 24 locations throughout the U.S. and work to deliver information technology, cybersecurity, systems engineering, marine operations …

Read More »