KippsDeSanto’s Bob Kipps on GovCon M&A Market in 2020

Bob Kipps
Bob Kipps

Bob Kipps, co-founder and managing director of investment bank KippsDeSanto & Co. and a former Wash100 award winner, told the Washington Business Journal in an interview published Thursday that the company is “bullish“ as it looks to the mergers and acquisitions market for government contracting in 2020.

“We expect it to be a very good year, although we could see there being a pause on some kinds of businesses based on the outcomes of the primaries and the ultimate election,“ Kipps said. “But generally, we still see the same level of tailwinds with respect to economic confidence, low interest rates and capital availability that have continued to fuel gov-con M&A. I don't see really a recession in the next two quarters.“

He said modernization and change is another factor that continues to drive M&As in addition to favorable capital markets and economic environment. “In the defense world, we're playing catch-up in space and in hypersonics against some major nation-states and enemies like China and Russia,“ he added.

Kipps also offered updates on the transition since Capital One acquired KippsDeSanto in August.

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