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Tag Archives: Veritas Capital

Mac Curtis-Led Vencore Files for IPO

Vencore on Wednesday filed with the Securities and Exchange Commission for an initial public offering to raise as much as $250 million. Chantilly, Virginia-based Vencore is led by Mac Curtis and provides cybersecurity, data management and systems support to U.S. federal civilian, intelligence and defense agencies. Curtis, an inductee into Executive Mosaic‘s Wash100 for …

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Jeremy Wensinger, James Winner, Robert Giannetta Join Executive Team at Former Harris IT Business

Jeremy Wensinger, James Winner and Robert Giannetta have been appointed to leadership positions at MHVC Acquisition Corp. — formerly known as the government information technology services business of Harris (NYSE: HRS). Investment firm Veritas Capital finalized its purchase of Harris IT Services for approximately $690 million in April and renamed the business MHVC Acquisition Corp. Herndon, …

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GovCon Wire’s Weekly Roundup: American Infrastructure, Privatized ATC and More

Weekly Roundup June 5 – June 9 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This past Wednesday, President Trump brought attention to his plan to overhaul the crumbling infrastructure of the U.S. During a speech in Cincinnati, Ohio, Trump called for bipartisan …

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Stu Shea Named CEO of MHVC, Recent Acquisition of Veritas Capital

Stu Shea has been named Chief Executive Officer of MHVC Acquisition Corp., (MHVC) formerly Harris Corporation’s Government Services business, a recent acquisition of Veritas Capital. MHVC is operating as a standalone company and will launch the new brand soon, Veritas Capital announced in a press release. Previously, Shea was President and Chief …

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Alion Science Names 30-Year A&D Industry Vet Steve Schorer President, CEO

Steve Schorer, former president of DynCorp International, has joined Alion Science and Technology as president and CEO. Schorer will assume the posts Friday to succeed Bahman Atefi, who will transition to the role of vice chairman of the board of directors at the McLean, Virginia-based government services contractor, Alion Science said Wednesday. …

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Veritas Capital Acquires PAS Technologies from Houlihan Lokey

PAS Technologies, a portfolio company of KRG Capital Partners, has been acquired by StandardAero, a portfolio company of Veritas Capital from Houlihan Lokey. The transaction closed on May 5, 2017. PAS provides OEM and aftermarket aerospace engine components that are able to endure high-wear, high-heat, and corrosive environments. The company offers a comprehensive set …

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GovCon Wire’s Weekly Roundup: The Omnibus Spending Bill & DoD’s $598.5 Billion Budget

Weekly Roundup May 1 – May 5 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Earlier this week, Congress finally reached an agreement on the contentious fiscal 2017 budget. The $1.16 trillion omnibus spending bill allocates $598.5 billion in discretionary funding to …

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Veritas Capital Finalizes the Purchase of Harris Corporation’s Government IT Services Business

Veritas Capital completed the $690 million cash acquisition of Harris Corporation’s (NYSE:HRS) Government IT Services Business. The Harris acquisition will round out Veritas’ portfolio of twelve companies and enhance their position within the Aerospace & Defense industry. Veritas Capital purchased government services contractor Alion Science and Technology in 2015 for what …

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Veritas Capital to Buy CB&I’s Capital Services Business for $755M; Ramzi Musallam Comments

New York City-based investment firm Veritas Capital has agreed to purchase the capital services business of energy technology and infrastructure provider CB&I (NYSE: CBI) for approximately $755 million. Veritas said Tuesday it expects to complete the acquisition in the second quarter of 2017 and will rename and run the business as an independent firm once …

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Veritas Capital Raises $3.6B for Future Investment in Midmarket Tech Companies

Veritas Capital has raised $3.55 billion to fund future investments in technology-focused middle-market companies that support government-related and commercial organizations across various sectors. The private equity investment firm said Wednesday Veritas Capital Fund VI, which exceeded the target hard cap of $3 billion in four months, could go to investments in sectors such …

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