John Mengucci, president and CEO of CACI International and a 2021 Wash100 Award recipient, said that when it comes to mergers and acquisitions, the Reston, Virginia-based government services contractor is interested in buying assets that could fill gaps in capabilities, past performance and customer relationships, the Washington Business Journal reported Friday.
“We’re going to be focused on what businesses are going to drive long term, top- and bottom-line growth,” Mengucci told the publication in an interview.
“Not just the current quarter math of it, but really making certain that it’s providing capabilities and customer relationships whose budgets are going to grow based on what national security there needs are. And then, how do they contribute to long-term growth,” he added.
Mengucci noted that M&A is just a part of CACI’s capital deployment strategy, which also includes share repurchase, internal investments and debt reduction efforts.
He also discussed how earlier efforts to establish secure networks for software development work have helped the company support more remote employees as they continue to deliver services to federal government customers during the COVID-19 pandemic.
The Potomac Officers Club will host the Optimizing the Hybrid Workforce Forum on Oct. 7. Register here to join the virtual event and learn more how federal agencies and industry will address challenges as they sustain a hybrid workforce model post-pandemic.