M&A Activity

Perspecta Closes Knight Point Systems Purchase; Mac Curtis Quoted

Perspecta announced on Thursday that the company has completed its $250 million acquisition of Knight Point Systems. The acquisition enhances Perspecta's robust and proven offerings in cloud, cyber, digital transformation and enterprise IT that modernize and transform government mission delivery. Baird served as the exclusive financial advisor to Knight Point Systems. 

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Harris, L3 All-Stock Merger Completed to Form L3Harris Technologies; Christopher Kubasik, William Brown Quoted

The all-stock merger between L3 Technologies and Harris Corp. has been completed to form L3Harris Technologies (LHX), the new company announced on Monday. L3Harris is officially the sixth largest defense company in the United States worth approximately $17 billion in revenue with over 50,000 employees. The company also announced the details regarding its own leadership, the board of directors and organizational structure. 

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AECOM to Spin Off John Vollmer-Led Management Services Business

The board of directors at AECOM has approved the company's plan to separate its management services group as a new publicly traded company that will primarily support national government clients. AECOM said Monday it expects to complete the spinoff in the second half of its 2020 fiscal year and retain John Vollmer, the segment's president and a 2019 Wash100 winner, along with the current management team in the leadership of the future independent company.

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