Tag Archives: m&a

Cubic Corporation announced on Wednesday it has accepted a proposal from Veritas Capital and Evergreen Coast Capital to increase the price per share of their pending acquisition of Cubic to $75.00 per share in cash. By accepting the proposal, Cubic has entered into an amended agreement with Veritas and Evergreen. The all-cash transaction will be valued at approximately $3 billion. 

Jacobs has completed a transaction with PA Consulting through which it secured a 65 percent stake in the U.K.-based management consulting company. The investment placed an enterprise value of $2.5 billion to PA Consulting and the move is expected to drive Jacobs' growth strategy as a leading technology-enabled solutions provider. The purchase was approved by PA employees and shareholders, with 99.9 percent voting in favor of the partnership.

TYSONS CORNER, VA, February 25, 2021 “” Serco Group's North American division aims to expand work with the Department of Defense by acquiring Reston, Virginia-based management consulting services provider Whitney, Bradley & Brown, GovCon Wire reported Feb. 16.

TYSONS CORNER, VA, February 24, 2021 “” Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a 2021 Wash100 Award recipient, shared his views about pursuing complementary merger and acquisition deals and competing for big information technology contracts in the current federal market landscape, GovCon Wire reported Feb. 16.

Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, is delighted to announce that John Song, managing director of Baird, has received the first Wash100 Award of his career. Executive Mosaic congratulates Baird and John Song on receiving the most prestigious award in GovCon for the first time.

Cubic Corporation has entered into a definitive agreement with an affiliate of Veritas Capital, under which Veritas and Evergreen Coast Capital, an affiliate of Elliott Investment Management, will acquire Cubic for $70.00 per share in cash. The all-cash transaction is worth approximately $2.8 billion, including the assumption of debt.

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.

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.“

Babs Doherty, formerly senior vice president within Preferred Systems Solutions' Eagle Ray Technologies Group, has been promoted to president and CEO of PSS. She will aim to expand the Reston, Virginia-based company's professional services and technology offerings for the government sector.

TYSONS CORNER, VA, January 7, 2021 “” Huntington Ingalls Industries (NYSE: HII) has moved to further expand its footprint in the unmanned systems market with the acquisition of Spatial Integrated Systems' autonomy business for an undisclosed sum, GovCon Wire reported Tuesday.

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. 

John Song and Jean Stack, managing directors with Baird, recently spoke with ExecutiveBiz regarding the organization's recent efforts within mergers & acquisition (M&A), following the close of NuWave's acquisition of BigBear and Jacobs' recent purchase of The Buffalo Group. The two leaders also discussed current market trends, and provided insight into Baird's upcoming Government & Defense Conference.

Ted Davies, chief executive officer of Altamira Technologies, a high-end engineering and analytics company focused on the national security market, recently spoke with ExecutiveBiz regarding how the company has continued its growth strategy by adding new leadership, integrating advanced technologies and winning contracts across the federal sector over the last year. 

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. 

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.