Tag Archives: acquisition

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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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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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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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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By Light Acquires Raydon to Expand Military Training Offerings; Bob Donahue Quoted

Bob Donahue Founder

By Light Professional IT Services has acquired Raydon Corporation, a supplier of virtual, adaptable integrated military training technology. "Raydon will enable By Light to provide end-to-end solutions in support of the Army's virtual training, ultimately advancing warfighter proficiency with an extremely high transfer of skills from simulation to live engagement," said Bob Donahue, founder and CEO of By Light

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NuWave Acquires BigBear to Advance Data Analytics; GovCon Expert Reggie Brothers Quoted

Reggie Brothers, CEO of NuWave and GovCon Expert

NuWave Solutions has acquired BigBear, a cloud-based, big data analytics company that provides solutions to the national security community, NuWave reported on Thursday. Terms of the transaction were not disclosed. "BigBear's data and analytics solutions bolster our existing capabilities to address the entire spectrum of information superiority," said Reggie Brothers, CEO of NuWave and a GovCon Expert

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PAE Announces $92M Acquisition of Metis Solutions; John Heller Quoted

John Heller, president and CEO of PAE

A PAE subsidiary has entered into a definitive agreement to acquire Metis Solutions Corporation, a provider of intelligence analysis, operational and tactical training and program management, for $92 million in cash. “This acquisition expands and builds scale in intelligence analysis, training and program support, all of which are well-funded market areas of the U.S. government and our allied nations," said John Heller, president and CEO of PAE and 2020 Wash100 Award recipient.

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AFSC Rebrands as Magellan Federal; Oscar Montes Quoted

Oscar Montes CEO Magellan Federal

Magellan Health has officially rebranded its Armed Forces Services Corp. (AFSC) subsidiary to Magellan Federal. The move aims to enable Magellan Federal to better communicate its value and differentiation, as well as showcase business capabilities. "As we transition to Magellan Federal and leave behind the AFSC brand, we will continue to put individuals and their families at the center of our services," said Oscar Montes, CEO of Magellan Federal.

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