Latest Federal & Government Contracting Companies' News Coverage
Health information technology company CNSI and care management services provider Kepro have agreed to merge into a new organization with expanded capabilities to support government-sponsored health care programs. In a joint statement released Wednesday, the companies said CNSI CEO Todd Stottlemyer will take the helm of the new organization while Kepro President and CEO Susan […] More
Chuck Prow, CEO of V2X and an eight-time Wash100 Award recipient, was featured in a recent Q&A with GovCon Wire, the sister publication of ExecutiveBiz. He talked about the early discussions he had with American Industrial Partners leadership on the all-stock merger between Vectrus and Vertex as well as the reasons for the combination of […] More
Vectrus has completed its all-stock merger with Vertex and formed V2X, a more diversified company that will provide defense, civilian, national security and international customers with mission support offerings. Chuck Prow “Through this transformative combination, we created a company with the scale and ability to compete for large integrated business opportunities by providing full life-cycle […] More
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
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
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
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.
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.
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.
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.
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.
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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