M&A Activity

QuantiTech Merges With MEI to Deliver Engineering Services for Federal Agencies

QuantiTech

QuantiTech, a portfolio company of Sagewind Capital, has merged with Millennium Engineering and Integration Company (MEI) to provide engineering services and offerings for mission critical programs within defense and civilian agencies, QuantiTech reported on Wednesday. Financial terms of the transaction were not disclosed. “We are excited about joining forces with MEI," said Darryl Wortman, president and CEO of QuantiTech.

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Peraton Realigns Business Sectors, Appoints New Exec Leadership; Stu Shea Quoted

Stu Shea Chairman

Peraton has aligned the company around four business sectors and appointed new executives to its leadership team, following its $3.4 billion acquisition of Northrop Grumman's integrated mission support and IT solutions business, the company reported on Thursday. "As Peraton expands we will be faced with a complex range of new opportunities and challenges across our functions and businesses,” said Stu Shea, chairman, president and CEO of Peraton and 2021 Wash100 Award recipient. 

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Veritas Capital Completes $3.4B Northrop Unit Buy; Peraton to Oversee IT, Services Business; Ramzi Musallam, Stu Shea Quoted

Ramzi Musallam CEO

Veritas Capital has completed its $3.4 billion acquisition of Northrop Grumman’s IT and mission support services business. Veritas announced the multi-billion dollar transaction in December 2020, stating that the transaction will enable Veritas to establish a technology-enabled services platform that can deliver support to a wide range of critical government missions through its combination with Peraton. “The completion of this transaction brings together two dynamic businesses with complementary, mission-critical solutions and capabilities, creating an industry-leading platform with a shared commitment to customer success,” said Ramzi Musallam, chief executive officer and managing partner of Veritas, and 2020 Wash100 Award recipient.

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AE Industrial Partners Buys UAV Factory in Expanded UAV, ISR Tech Market Push

AE Industrial Partners

AE Industrial Partners has acquired UAV Factory, a provider of tactical unmanned aerial vehicle and intelligence, surveillance, reconnaissance technology. With the purchase, UAV Factory will serve as an unmanned technology platform for AEI. Terms of the transaction were not disclosed. "UAV Factory's engineering and technical capabilities, combined with its proven and growing set of technology solutions, are truly differentiated in the market," said Jeffrey Hart, principal at AEI.

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Veritas Capital to Buy, Combine Perspecta With Peraton in $7.1B Deal; Mac Curtis, Stu Shea Quoted

Mac Curtis Chairman and CEO Perspecta

Veritas Capital has moved to acquire Perspecta for $7.1 billion and plans to combine the latter to its portfolio company Peraton to expand its position in the government technology market. Perspecta has entered into a definitive agreement for the all-cash transaction. "Perspecta will be well positioned to build on our momentum and continue executing on customer commitments as Perspecta delivers cyber, digital-transformation and mission-focused solutions,” said Mac Curtis, chairman and CEO of Perspecta and 2020 Wash100 Award recipient. Stu Shea, chairman, president and CEO of Peraton and 2020 Wash100 Award recipient said, "Together, we will create a top-tier, privately-owned government technology business with a focus on missions of consequence.”

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Booz Allen Makes Strategic Investment in Cybersecurity Firm Tracepoint

Booz Allen Hamilton

Booz Allen Hamilton has invested in Tracepoint, a digital forensics and incident response services provider, as both companies aim to help public and private sector clients address cybersecurity threats. Booz Allen said Friday the strategic investment seeks to complement the company's portfolio of cybersecurity offerings for enterprise, defense and federal civilian organizations.

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Vectrus Acquires HHB Systems to Expand IC Services Portfolio; Sue Deagle Quoted

Sue Deagle SVP

Vectrus has acquired HHB Systems, a provider of services for facilities management, logistics, engineering, enterprise operations, and of asset management products that support the Intelligence Community (IC). "The acquisition of HHB brings integrated solutions that support physical and digital infrastructures within the intelligence community and creates a stronger platform from which we can deliver fully converged solutions across all our clients' missions," said Sue Deagle, senior vice president and chief growth officer of Vectrus. 

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Voyager to Acquire Majority Stake in XO Markets

Voyager Space Holdings

Voyager Space Holdings has agreed to acquire a majority stake in XO Markets and its largest subsidiary Nanoracks. Houston-based Nanoracks offers commercial space services for satellite deployment and research across more than 30 nations. "With Voyager, we're confident in our expanded team's ability to continue to deliver game-changing technology industry-wide," said Jeffrey Manber, CEO of Nanoracks.

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NuWave Buys ProModel Gov’t Services Unit, Baird Advises on Sell Side; GovCon Expert Reggie Brothers Quoted

Reggie Brothers CEO NuWave Solutions

NuWave Solutions has purchased a ProModel Corp. business segment that offers analytic software platforms to the U.S. government, for an undisclosed sum. “ProModel Government Services is uniquely qualified to help federal government agencies with their decision making,” said Reggie Brothers, CEO of NuWave and a GovCon Expert.

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James Taiclet: Lockheed-Aerojet Rocketdyne Deal to Drive Tech Integration Work for Federal Clients

James Taiclet President and CEO Lockheed Martin

James Taiclet, president and CEO of Lockheed Martin, said acquiring Aerojet Rocketdyne will bring in propulsion systems for potential integration with Lockheed-built missile and rocket offerings, Via Satellite reported Monday. Taiclet told analysts Monday during a conference call he expects the transaction to support upfront design, production planning and engineering integration efforts at the Bethesda, Maryland-based aerospace and defense company.

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Viasat Moves to Acquire RigNet for $222M to Diversify Portfolio

Rick Baldridge President

Viasat has entered into a definitive agreement to acquire RigNet, a provider of ultra-secure, intelligent networking solutions and specialized applications. Viasat will purchase the company in an all-stock transaction worth approximately $222 million. “With the acquisition of RigNet, we are accelerating the diversification of our connectivity portfolio and establishing a global foundation for expansion of our remote enterprise service offerings,” said Rick Baldridge, Viasat's president and CEO. 

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Mehul Sanghani: Octo-Sevatec Merger Aims to Establish ‘Pure Play’ Federal IT Services Provider

Mehul Sanghani founder and CEO Octo

Reston, Virginia-based information technology contractor Octo has merged with software development firm Sevatec in a deal of an undisclosed sum to create a combined entity that will focus on helping federal government customers to address IT modernization goals. Baird and Pillsbury Winthrop Shaw Pittman served as Sevatec's financial and legal advisers on the transaction, respectively, while Sheppard Mullin acted as Octo's legal adviser.

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Intelligent Waves Acquires Ski Systems to Expand IC Footprint; Jared Shepard Quoted

Jared Shepard, CEO of Intelligent Waves

Intelligent Waves has acquired Ski Systems to expand its strategic footprint in the Intelligence Community (IC) by providing disruptive and ultra-secure mobility solutions, the company reported on Monday. Terms of the transaction were not disclosed. “This acquisition plays a major role in fulfilling our vision of helping secure our nation’s most critical communications infrastructures,” said Jared Shepard, CEO of Intelligent Waves

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Oroco Capital to Buy AECOM Civil Construction Business; Troy Rudd Quoted

Troy Rudd CEO AECOM

AECOM has entered into a definitive agreement to sell its civil construction business, including its Shimmick Construction business, to Oroco Capital. "Our outlook is bright as we bring together our company under our Think and Act Globally strategy, which includes transforming how we operate through the digital delivery of our work and focusing on growing our Professional Services businesses,” said Troy Rudd, AECOM CEO.

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