CACI’s Paul Cofoni on Recent Pickup in Acquisition Activity

The seemingly shaky economy that slowed down activity in the government contracting marketplace is now apparently undergoing a change that is leading acquisition activity up a positive incline.

According to a recent article in the Washington Post, companies and analysts are seeing this uptick as an end to an unstable capital market in government contracting. Companies like CACI International and Boeing are undergoing recent acquisition activities after an overall downturn in acquisition deals.

“We’ve reenergized,” CACI President and Chief Executive Paul M. Cofoni said about the IT solutions company’s lack of expansion within recent months. “We’re back at it full force.”

However, while analysts have recorded a slight increase in activity, full recovery may take a long time in order to match buyer and seller expectations, a conflict that may have resulted in the slowing of acquisitions in the first place.

As large companies attempt to avoid new conflicts, smaller buyers may begin to have a larger presence in the acquisition market.

Posted by Molly Mulrain on Monday, July 12th, 2010. Filed under General. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry