merger - ExecutiveBiz

Latest stories

in M&A Activity, A Activity, M&amp, News

Vectrus, Vertex Announce All-Stock Merger to Create Global Government Services Company; Chuck Prow Quoted

Vectrus and the Vertex Company have reached a merger agreement to combine their service offerings in support of various defense sector needs. The all-stock transaction will officially close in the third quarter of 2022 and is intended to create a more wide-ranging revenue stream in terms of locations, customers and contract types from the Department of Defense […] More

by Charles Lyons-Burt March 7, 2022, 11:56 am
in M&A Activity, News

Planet Labs Eyes Expanded Data Offerings, Additional Customers Following Public Debut

A C-level executive at Planet Labs said the San Francisco-based company expects to raise $600 million from its upcoming public offering and plans to use the capital to expand data offerings, close more acquisitions and engage additional customers, The Wall Street Journal reported Monday. Ashley Johnson, chief financial officer at Planet Labs, shared that the […] More

by Christine Thropp November 30, 2021, 11:39 am
in M&A Activity, News

Keith Alexander: IronNet Aims for Cyber Defense Product Innovation, Portfolio Growth as Public Company

Keith Alexander, founder and co-CEO of IronNet, said the company aims to position itself to help customers worldwide scale their cyber defenses following the completion of its merger with LGL Systems Acquisition Corp. Shareholders in LGL voted Thursday to approve the deal that has taken IronNet public, with the combined company adopting the latter’s name […] More

by Mary-Louise Hoffman August 27, 2021, 11:37 am
in M&A Activity, News

Cubic Board OKs $3B Amended Acquisition Agreement With Veritas, Evergreen

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.

More

by Noah Chelednik March 31, 2021, 10:25 am
in M&A Activity, News

Tyto Athene to Acquire AT&T Government Solutions in Expanded IT Services Push

Tyto Athene has entered into an agreement to acquire AT&T Government Solutions, Inc. (GSI). The GSI acquisition will include AT&T“™s Department of Defense (DOD) IT professional services business, as well as select other contracts. The companies have also agreed to enter into teaming agreements for opportunities in the DOD IT professional services market.

More

by Sarah Sybert March 3, 2021, 10:41 am
in Cybersecurity News, M&A Activity, News, Wash100

Maximus Closes $430M Purchase of Attain’s Federal Arm; Baird Serves as Exclusive Financial Advisor

Maximus has completed its $430 million acquisition of the federal division of Attain. Attain Federal will become a part of Maxar“™s U.S. Federal Services Segment. Baird served as exclusive financial advisor and Holland & Knight served as legal counsel to Attain while Hogan Lovells served as legal counsel to Maximus.

More

by Sarah Sybert March 1, 2021, 11:19 am
in M&A Activity, News, Space News

QuantiTech Merges With MEI to Deliver Engineering Services for Federal Agencies

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.

More

by Sarah Sybert February 10, 2021, 10:43 am
in C4ISR News, M&A Activity, News

Veritas Capital, Evergreen Announce $2.8B Acquisition of Cubic; Ramzi Musallam Quoted

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.

More

by Sarah Sybert February 8, 2021, 10:44 am
in Executive Moves, M&A Activity, News, Space News, Wash100

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

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.

More

by Sarah Sybert February 4, 2021, 9:52 am
in M&A Activity, News, Space News

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

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.

More

by Sarah Sybert February 1, 2021, 10:40 am
in M&A Activity, News, Space News

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

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.“

More

by Sarah Sybert January 27, 2021, 11:38 am
in Executive Moves, News

Raytheon Names Michael Dumais as Chief Transformation Officer

Raytheon Technologies has appointed Michael Dumais as chief transformation officer to support the company's business transformation initiatives, Raytheon Technologies reported on Tuesday. In his new position with the company, Dumais will report to Greg Hayes, CEO of Raytheon Technologies.

More

by Sarah Sybert January 19, 2021, 10:44 am

Latest stories

Log In

Sign In

Forgot password?

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy