DynCorp International CEO and President Bill Ballhaus has announced his resignation from the security contractor. He will remain on the company’s board of directors as vice chairman and will also become strategic adviser to DI’s parent, Cerberus Capital Management L.P. Cerberus acquired DynCorp earlier this year for approximately $1.5 billion. ExecutiveBiz named Ballhaus a “Person [...]
Cerberus Capital Management has completed the acquisition of DynCorp, the security-contracting firm reported. “With this announcement, DynCorp International enters an exciting new chapter,” said Bill Ballhaus, DynCorp International CEO. “Built on six decades of trusted performance for the U.S. government, this solid foundation will only be strengthened by the operational and financial expertise that Cerberus [...]
DynCorp (NYSE: DCP) has announced a pair of fiscal moves drawing it closer to buyer Cerberus Capital. The firm’s stockholders approved a proposal to adopt the DynCorp’s merger agreement with the private investment firm Cerberus Capital Management. According to the firm, “the affirmative vote of the holders of a majority of the outstanding shares of [...]
According to Fortune , Xe Services, formerly known as Blackwater, is up for sale. Although the firm would pose as a risky investment for obvious reasons, the contractor sits on a large number of valuable assets. Xe is known for its compound in northeast North Carolina, Forbes also cites “contracts for military training and security [...]
Harris Corporation’s acquisition of privately-held CapRock Communications for a reported $525 million in cash is the latest in a series of major cash acquisitions, proving that, even if credit is still tight, cash is back. CapRock’s customer base includes energy sector giants Chevron and Halliburton as well as DoD. Howard L. Lance, chairman, president and [...]
Bill Ballhaus, an ExecutiveBiz 2009 Person to Watch and CEO of security giant DynCorp (NYSE: DCP) shared his thoughts on his firm being purchased by Cerberus for the cool sum of $1.5 billion. “I believe that under this partnership with Cerberus, DynCorp International will be able to build on our extensive heritage and successful performance [...]
Kathleen Sebelius commented on World Health Day. There’s a debate emerging over whether the cyber war threat has been “grossly exaggerated.” DynCorp is being bought by Cerberus Capital Management for $1.5 billion. BAE Systems, CACI and Booz Allen Hamilton won deals from Army. Northrop Grumman and Raytheon won Navy contracts. The prevalence of cyber crime [...]
