Tag Archives: merger

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.”

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.

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.

John Vollmer, chief executive officer with Amentum, and 2020 Wash100 Award recipient, spoke with ExecutiveBiz regarding the company’s recent announcement of its planned acquisition of DynCorp. He addressed how the purchase would expand the combined company’s offerings, the expansive culture and the new markets that will come into play after they complete integration. 

Growth Catalyst Partners, a leading middle-market private equity firm, has partnered with former CEO of Hanley Wood and B2B information and data specialist Peter Goldstone, to acquire a controlling stake in Atlantic Media’s Government Executive Media Group, the company announced on Wednesday. 

Anthony “Toby” O’Brien, chief financial officer at Raytheon, said the company’s proposed merger with United Technologies Corp. seeks to create a new entity that has its business evenly split between defense and commercial work and between domestic and international areas, Defense One reported Thursday.

Thomas Kennedy, chairman and CEO of Raytheon, told Defense News in an interview published Wednesday that he and Greg Hayes, chairman and CEO of United Technologies Corp., met with President Donald Trump on June 10 to explain that the proposed Raytheon-UTC combination is complementary and not competitive.

Science Applications International Corp. is considering a plan to consolidate its offices and to enhance its information technology infrastructure following the acquisition of Engility in January, Bisnow reported Monday.

Change Healthcare Holdings and McKesson have launched healthcare information technology company Change Healthcare, which combines CHC’s business and majority of McKesson’s technology solutions unit. The new company also appointed 11 individuals to its executive leadership team, Mckesson said Thursday. Change Healthcare CEO Neil de Crescenzo said the company has 15,000 team members who will …

Wayne Rehberger, chief financial officer of Engility Holdings, has said the company’s decision to acquire professional services provider TASC in 2014 through a $1.3 billion stock deal was driven by the latter’s intelligence business, Virginia Business reported Friday. Rehberger said TASC’s intelligence business “helped balance Engility’s strategic portfolio.” He was instrumental in …

DXC Technology, the company that will result from Computer Sciences Corp.‘s merger with Hewlett Packard Enterprise‘s enterprise services segment, targets digital transformation support for customers as one of its strategic priorities, CRN reported Wednesday. Rick Saia writes Mike Lawrie, CSC chairman, president and CEO, told investors Wednesday that DXC will aim to offer clients an opportunity …

Leidos will take over work on the National Science Foundation‘s U.S. Antarctic Program as part of the company’s merger into the former information systems and global solutions segment of Lockheed Martin. IS&GS has provided laboratory management, food services and information technology support to Antarctica-based research stations run by NSF since 2011 under the Antarctic Support Contract, the …

Louis Berger has merged its Ammann & Whitney and Louis Berger Group operating companies to establish a new business entity that will serve U.S. clients worldwide. Louis Berger U.S. will maintain the Ammann & Whitney name for a division specialized in long-span bridge engineering, Louis Berger said Tuesday. “The integration follows many years of working together …

Roger Krone, chairman and CEO of Leidos, has begun to conduct town hall” meetings to brief approximately 16,000 employees of Lockheed Martin’s information systems and global solutions business about IS&GS’ impending merger with Leidos, Forbes reported Friday. Loren Thompson writes such efforts by Krone, an inductee into Executive Mosaic‘s Wash100 for 2016, aim …

Randy James, line of service executive at CSRA, has said the company plans to introduce its in-house managed cybersecurity framework to federal government customers in an effort to help them protect their networks from cyber threats, the Washington Business Journal reported Thursday. James Bach writes CSRA’s cybersecurity model involves the …