Tag Archives: M&A Activity

Jacobs Closes $325M Acquisition of Wood’s Nuclear Business; Steve Demetriou Quoted

jacobs-closes-325m-acquisition-of-woods-nuclear-business-steve-demetriou-quoted

Jacobs (NYSE: J) has finalized its acquisition of John Wood Group’s nuclear business for approximately $325M in cash as part of efforts to improve its position as a provider of nuclear lifecycle services and technology-based platforms. Steve Demetriou, chair and CEO of Jacobs, said in a statement published Monday the company will integrate Wood Nuclear into its critical mission solutions business and combine complementary capabilities to deliver nuclear and defense platforms to clients.

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CoVant, Madison Dearborn to Buy Airborne ISR Tech Provider AEVEX Aerospace

covant-madison-dearborn-to-buy-airborne-isr-tech-provider-aevex-aerospace

Madison Dearborn Partners and CoVant Management have signed an agreement to purchase AEVEX Aerospace, a provider of airborne intelligence, surveillance and reconnaissance systems, for an undisclosed sum. The transaction is expected to be finalized by the end of the first quarter of 2020, subject to customary closing conditions, the companies said in a joint release published Monday.

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Enlightenment Capital Launches Gov’t IT Services Firm IntelliBridge; Cass Panciocco Quoted

Enlightenment Capital announced the launch of IntelliBridge formed through the acquisition of IntelliWare by Trowbridge. IntelliBridge is a McLean, Va.-based portfolio company of Enlightenment Capital and is focused on providing intelligence, cyber, cloud and digital support services to federal civilian, defense and intelligence agencies, the private investment firm said Thursday.

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General Atomics Buys Synthetic Aperture Radar Tech Provider Neva Ridge; Scott Forney Quoted

General Atomics has purchased Neva Ridge Technologies, a Boulder, Colo.-based provider of synthetic aperture radar data processing technology and services, for an undisclosed sum as part of efforts to expand its tech capabilities in defense and space markets.

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