Tag Archives: Veritas Capital

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. 

Ramzi Musallam, managing partner and CEO of Veritas Capital, has received a 2021 Wash100 Award for leading a large number of multi-billion dollar acquisitions to drive exponential growth for the company, Executive Mosaic announced on Tuesday. This marks the sixth consecutive year that Musallam has received the most prestigious award in all of government contracting (GovCon).

Kathy Warden, CEO of Northrop Grumman, has been presented with a 2021 Wash100 Award for leading the company's efforts to create value through portfolio management, as well as her continued focus on growth through executive hires and contract pursuits in the federal sector. This marks Warden's sixth Wash100 Award.

Mac Curtis, chairman and CEO of Perspecta, has been awarded his seventh consecutive Wash100 Award in 2021 for his strong leadership and vision in the advancement of cybersecurity, intelligence and defense technologies through significant contract award wins and other major moves. "He has delivered as much for the industry as he has for his firm,“ said Jim Garrettson, founder and CEO of Executive Mosaic.

Stu Shea, chairman, president and CEO of Peraton, has been inducted into the 2021 Wash100 Award, marking his fifth time receiving the recognition from Executive Mosaic for his contributions in support of the government contracting community. The award highlights Shea's strong leadership and expansion efforts, including spearheading major acquisitions and valuable contract awards.

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.

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.

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.“

Executive Mosaic, the leading executive media and events company in the government contracting “GovCon“ industry, announced the 2020 winners of the highly coveted and prestigious Wash100 Award. The full list of winners and more information about the award can be found on Wash100.com. 

Guidehouse, backed by Veritas Capital, announced on Friday that the company's acquisition of Navigant Consulting, Inc. has been completed. 

Guidehouse, a portfolio company of Veritas Capital, announced on Friday that the company has entered into a definitive agreement worth approximately $1.1B to acquire Navigant Consulting. The transaction is projected to conclude in the fourth quarter of 2019.

Guidehouse announced on Wednesday that six of the company's top professionals have been selected to represent the company on the Association of Government Accountants' (AGA) DC Chapter Board of Directors for the 2019-2020 Program Year. The six members selected were:  

Michael Donnelly, an executive vice president of Aptim and president of its government business, has succeeded Gary Baughman as CEO of the Woodlands, Texas-based company.

Executive Mosaic is honored to announce Ramzi Musallam, CEO and managing partner of Veritas Capital, as an inductee into the 2019 edition of Wash100 “” Executive Mosaic's annual selection of the most influential voices in the government contracting arena “” for leading the company's mergers and acquisition activity and helping Veritas grow organically.

Executive Mosaic is honored to introduce Mac Curtis, president and CEO of Perspecta, as an inductee into the 2019 Wash100 “” Executive Mosaic's annual selection of the most influential voices in the government contracting arena “” for addressing digital transformation needs in healthcare, defense and intelligence. This marks the fifth consecutive Wash100 award for Curtis.