Bob Kipps’ 2020 Year-end Review, 2021 Predictions
Bob Kipps from KippsDeSanto & Co. expects the robust GovCon M&A market from the last couple years to continue into 2021. Here, he gives a review of the year that just passed and his outlook for 2021. As shown in our table below, 2020 (remarkably) has seen more closed deals than 2019 and any year
Swish Data Corp. Buys Titania Solutions Group
In an effort to bolster Swish Data Corp.’s areas of expertise and technology capability offerings, the company has purchased professional services firm Titania Solutions Group, Inc. The acquisition is part of Swish’s ongoing 5-year growth and expansion strategy. Considering Titania serves federal entities such as the U.S. Army, the Federal Aviation Administration, the Department of Health and
Dovel Technologies Purchases Ace Info Solutions
Dovel Technologies is expanding its capabilities and client relationships with the acquisition of Ace Info Solutions, furthering the company’s position into the mid-tier government contracting market. Dovel provides federal agencies with expertise and technologies in health IT, life sciences and grants, and AceInfo specializes in infrastructure and data center support, agile software development, systems modernization,
E3/Sentinel Acquires Data Works, Expands Advanced Analytics Offerings
E3/Sentinel has announced its acquisition of big data and software development solutions provider Data Works, Inc., expanding its data engineering and advanced analytics capabilities. Reston, Virginia-based Data Works was founded in 2006 to support the intelligence community. The company specializes in developing big data systems that organize and analyze mission critical data. It also delivers
Altamira Acquired by ClearSky Investor Group
Altamira Technologies Corp. has been bought by an investor group led by ClearSky, a venture capital and growth equity firm, in a play that intends to further position the company for organic growth and investments. An analytics and engineering solutions provider for the national security community, Altamira was initially formed to fill the gap in
KeyW to Merge with Jacobs in $815M Deal
KeyW Holding Corp. signed a merger agreement with Jacobs and Atom Acquisition Sub, Inc. following a transaction with an enterprise value of $815 million and unanimous approval by the voting members of each company’s board of directors. The deal includes an estimated $272 million of KeyW net debt. Atom, the resulting merger sub, is a
NTT DATA Acquires Cognosante’s Consulting Division
In an effort to strengthen its industry expertise and geographical coverage, NTT DATA Services has acquired Cognosante Consulting, LLC, the state health care consulting practice under Cognosante. As part of NTT DATA, the consulting practice will focus on client IT strategy, project management, quality assurance and independent verification and validation services, according to the company. Specifically,
Parsons Files with SEC for IPO
Although the details are scarce, the Centreville, Virginia-based Parsons Corp. announced today it confidentially filed with the U.S. Securities and Exchange Commission for a proposed initial public offering. The company, which provides security, intellectual property and engineering services to government clients and is known for building airports and subways, submitted a draft registration statement on
Tyto Athene Acquires Island IT Consultants to Expand Intel Offerings
Tyto Athene announced today its acquisition of Island Information Technology Consultants, a move expected to boost Tyto Athene’s capabilities in the intelligence community. The addition of IITC is a part of Tyto Athene and backer Arlington Capital Partners’ strategy of creating a mid-market mission critical technology solutions and services business serving government customers, Tyto Athene
KippsDeSanto Predicts More M&A Activity in Aerospace, Defense and Government Services
KippsDeSanto & Co. expects valuations and mergers and acquisitions activity to increase across the aerospace, defense, and government services industry in 2018, based on the result of its first-ever survey of M&A dealmakers. Survey respondents were optimistic about the overall economy and M&A activity in the near- to medium-term, according to KippsDeSanto. “Across all the sectors
ManTech Promotes Kevin Phillips To CEO
ManTech International Corp. has chosen Kevin Phillips, currently the company’s chief operating officer, to serve as new CEO effective Jan. 1. Phillips, who joined the company in 2002 through ManTech’s acquisition of CTX Corp., was named president and COO in 2016, after serving as chief financial officer from 2005-2016. He also has served as corporate
KippsDeSanto Celebrates 10-Year Anniversary, Adds Managing Director
KippsDeSanto & Co., celebrating its 10th year as an aerospace and defense investment bank, has hired a new managing director. KippsDeSanto added Warren Romine, who previously led the aerospace, defense and government services practice at FBR & Co. Romine advises clients on acquisition candidates, merger opportunities, divestitures, and financing alternatives, with specific expertise in the commercial aerospace
VT Group Names John Hassoun President and CEO
Seasoned executive John Hassoun has been appointed president and CEO of technology integrator VT Group. VT Group is a mid-size company that also offers solutions and services in command, control, communications, computers, intelligence, surveillance and reconnaissance to the federal government. Hassoun previously worked at Vistronix Intelligence and Technology Solutions, where he held the same titles
Community Foundation Names New Chair, Co-chair
The Community Foundation for Northern Virginia board of directors has a new chairman and vice chairman. The foundation is a tax-exempt public charity that works to grow philanthropy and meet the region’s civic and social needs by investing and administering funds established by individuals, families, businesses and organizations. Kevin DeSanto, co-founder and managing director of
CSRA Announces Definitive Agreement to Acquire NES Associates
CSRA has announced its first acquisition as a public company. In its fourth-quarter earnings call, CSRA President and CEO Larry Prior announced the company will be acquiring NES Associates, an award-winning IT and telecom company based in Alexandria, Virginia. While the financial impact is “very small,” according to Chief Financial Officer David Keffer, Prior said the
Latest: PAE to Acquire FCi Federal
PAE has agreed to buy FCi Federal, the two companies announced today. PAE has over 60 years of experience supporting the U.S. government and its allies in critical missions around the globe. With roughly 15,000 employees on all seven continents, PAE’s core service offerings include global logistics and stability operations, technical services and national security
CALIBRE Systems Buys Fusion Technology
CALIBRE Systems, Inc. has acquired Fusion Technology, with KippsDeSanto & Co. representing the latter company. “The acquisition of Fusion Technology combines complementary capabilities of our two companies and provides opportunities to build upon a strategic fit and shared core values of integrity, innovation and excellence in supporting defense, federal civil and intelligence community markets,” Joe Martore,
Mission Essential Acquires Information Management Technology, Advised by KippsDeSanto
Investment bank KippsDeSanto & Co. announced Sept. 7 its client, Fairfax, Virginia-based Information Management Technology, has been acquired by Mission Essential Personnel, LLC. This deal closed Aug. 3 and marks KippsDeSanto & Co.’s sixth transaction of 2016. IMT provides advanced technical solutions for critical global intelligence dissemination systems supporting the Defense Department, the intelligence community
NTT DATA to Acquire Dell Services’ IT Consulting Division for More Than $3B
NTT DATA Inc. and Dell Inc. announced March 28 that the two companies have entered into a definitive agreement for NTT DATA to acquire Dell Services’ IT consulting division for more than $3 billion. “NTT DATA is pleased with the unique opportunity to acquire such high-caliber talent, and a corporate culture that shares common values with
PAE to Acquire A-T Solutions Corporate Holdings Prime Inc.
PAE, based in Arlington, Va., announced May 7 that it has entered into a definitive agreement to acquire A-T Solutions Corporate Holdings Prime Inc. (together with its subsidiaries, collectively “A-T Solutions”) from its stockholders, including partnerships affiliated with CI Capital Partners LLC. The transaction is expected to close by the end of May, subject to
WashingtonExec’s Weekly E-Magazine: News You Need to Know
In case you missed this week’s WashingtonExec e-magazine, here’s what you need to know: Preferred Systems Solutions Inc. (PSS) announced its acquisition of Global Services & Solutions, Inc. (GSS), which enhanced its contracting relationship with the Department of Defense. Octo Consulting’s CEO Mehul Sanghani shared his journey from helping his family run their small motel
KippsDeSanto & Co. Name Jamie Graham as Director of Business Development
KippsDesanto & Co., an investment bank that provides merger and acquisition (M&A) and financing transaction service for technology and defense companies, recently announced the hiring of Jamie Graham as the company’s new director of business development. Graham joins the firm after a successful first half of 2014, during which KippsDesanto closed eight M&A transactions. “We
Video Interview: Bob Kipps Talks M&A Market, Entrepreneurship and Why Deals Fall Through
A brief interview with Bob Kipps, managing director of KippsDeSanto & Co., an investment banking firm in Tyson’s Corner, Virginia. This is an official video of washingtonexec.com. Kipps is the first featured executive of WashingtonExec‘s new video series. WashingtonExec interviewed Kipps about the increasing competitiveness of the M&A marketplace over the next 15 months. Kipps also discussed
WashExec RollCall: Your Inside Look at Our Network’s Professional Activity
WashExec Executive RollCall: JD Kathuria pulls from the broader WashingtonExec network to dish out the area’s who’s who and what’s what. When it comes to striking deals, who you know trumps what you know in the government contracting community. And with three years of WashingtonExec’s outcome and result-oriented networking programs and events behind us, I’ve decided to expand our networking
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