Top 2019 Stories You Might Have Missed
As we round out the first half of 2019, we are taking a moment to reflect on the top stories of 2019 that you might have missed.
SAIC’s Engility Deal Named Among Top M&A Deals of Quarter
SAIC’s $2.5 billion all-stock deal to acquire Engility Holdings and aerospace giant Boeing’s acquisition of Embraer’s commercial aircraft division are among the most significant mergers this quarter, according to KippsDeSanto. SAIC’s deal to buy Engility would make it the third largest contractor by revenue in the government IT space after Leidos and General Dynamics Information Technology,
NewSpring Holdings Adds Government Services to Portfolio
NewSpring Holdings LLC has wrapped its acquisition of The Sentinel Co., creating a new entity focused on government services. Since 2006, Sentinel has provided consulting and technology-enabled solutions to agencies and industry partners in border security, national security, Defense Department and federal health. The company is headquartered in Tysons Corner. The acquisition is NewSpring’s fourth
Arlington Capital Partners Buys Black Box Unit, Renames it Tyto Athene
Private-equity firm Arlington Capital Partners has completed its acquisition of Black Box’s Government Solutions division and going forward, the new business will operate independently under a new name. The new entity, Tyto Athene, is a full-service systems integrator and managed-services communications systems provider for the Justice Department and other civilian federal agency operations across the
SAIC to Buy Engility in $2.5B Deal
Science Applications International Corp. plans to acquire rival Engility Holdings Inc. for $1.5 billion in stock, creating one of largest independent technology integrators in government services with over 23,000 employees. Under the deal, SAIC assumes $900 million of Engility’s debt, which makes the transaction worth about $2.5 billion. The merger is expected to close by
General Dynamics Strikes Deal to Buy CSRA for $6.8B
Defense contractor General Dynamics plans to acquire CSRA to bolster its IT business, in a deal valued at $9.6 billion, including CSRA’s $2.8 billion debt. Under the agreement, announced today, General Dynamics will buy all shares of CSRA for $40.75. The acquisition “represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and CEO
NCI To Be Acquired by H.I.G. Capital in $283M Deal
IT contractor NCI, Inc. has signed a definitive agreement to be acquired by private investor group H.I.G. Capital, LLC in a deal worth roughly $283 million. Under the terms, H.I.G. will tender an offer no later than July 17 to buy all outstanding shares of NCI’s Class A and Class B common stock for $20 per share
ManTech Acquires Edaptive Systems LLC
Herndon, Va.-based ManTech International Corporation announced Dec. 19 that the company has acquired Owings Mills, Md.-based Edaptive Systems LLC, a provider of IT solutions primarily to federal health agencies, with a significant focus on the Centers for Medicare & Medicaid Services (CMS). ManTech funded the acquisition from cash on hand. The acquisition will be slightly accretive to
MacAulay-Brown Inc. Acquires Enlighten IT Consulting
MacAulay-Brown Inc. announced Dec. 27 its acquisition of Enlighten IT Consulting, a provider of secure cloud engineering, big data analytics and software solutions for defense and commercial customers. EITC will operate as a wholly owned subsidiary, reporting directly to MacB President and CEO Sid Fuchs. “My vision has always been to take MacB into a
CGI Group Acquires Collaborative Consulting
IT and business processing services provider CGI Group Inc. announced Nov. 4 it has acquired Boston-based Collaborative Consulting, through its wholly owned U.S. subsidiary, CGI Technologies and Solutions Inc. “In line with our strategy and fiscal 2017 business plan, the combination with Collaborative will have a significant positive impact on our U.S. northeast operations, while acting
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
ASRC Acquires Vistronix Intelligence & Technology Solutions
Arctic Slope Regional Corporation announced Aug. 17 its acquisition of Vistronix Intelligence & Technology Solutions by its wholly-owned subsidiary, ASRC Federal. Going forward, Vistronix will be a subsidiary of ASRC Federal. Headquartered in Reston, Virginia, Vistronix brings more than 700 employees to the company and has been providing a broad range of enterprise solutions to federal agencies across
Platinum Equity Completes Acquisition of PAE
Platinum Equity announced March 15 it has completed the acquisition of Arlington, Va.-based PAE. Financial terms were not disclosed. “PAE has a rich history with strong long-term customer relationships and dedicated employees delivering vital services around the world,” Platinum Equity Partner Louis Samson said. “The company has experienced leadership with a strong track record for
Tom Lydon on Vistronix: A Year After Three Acquisitions, New Growth as Mission Systems Innovator
It’s been a year since Vistronix Intelligence & Technology Solutions, a Reston, Va.-based contractor, completed three Intelligence Community acquisitions, with its purchase of Objective Solutions, ACG, and ExaTech. Helping guide these acquisitions, and future growth plans in the intelligence sector, has been Tom Lydon, senior vice president of business development for Vistronix. “Our team has a clear vision
LookingGlass Acquires Cyveillance
LookingGlass Cyber Solutions announced Dec. 11 that it has acquired Cyveillance, a provider of open-source threat intelligence. Along with the acquisition, LookingGlass has also secured a $50 million round of Series C financing led by NewSpring Capital. “LookingGlass’ product suite addresses every stage of the threat intelligence lifecycle, providing an outstanding breadth of data, actionable insights
CSRA Inc. Completes Separation from CSC, Merges with SRA International
CSRA Inc. announced Nov. 30 that it has completed its separation from CSC and is now an independent, public company trading on the New York Stock Exchange under the ticker symbol “CSRA.” CSRA also completed its planned combination with SRA International Inc. (SRA). “A little more than six months ago, CSC’s Board of Directors determined
Arctic Slope Regional Corporation Federal (ASRC) Acquires Data Networks Corporation (DNC)
Arctic Slope Regional Corporation (ASRC) announced Nov. 16 the acquisition of Data Networks Corporation (DNC) by its wholly-owned subsidiary ASRC Federal. “This acquisition demonstrates ASRC’s continued commitment to diversifying and growing our government services portfolio,” ASRC President and CEO Rex A. Rock Sr. said. “The acquisition of DNC meets important objectives established by ASRC Federal’s
Raytheon Acquires Foreground Security
Raytheon Company announced Oct. 5 that it has acquired Herndon, Va.-based Foreground Security, which provides security operations centers (SOCs), managed security service solutions and cybersecurity professional services. The acquired company will be called Raytheon Foreground Security (RFS) and has approximately 165 employees, 85 percent who are trained cybersecurity experts. “Raytheon Foreground Security has an exceptionally
Finalization of Salient Federal Solutions and CRGT Merger Announced
The agreement initially announced on August 11th by Salient Federal Solutions and CRGT to merge has come to a successful close forming Salient CRGT. The newly formed company’s Chief Executive Officer will be Brad Antle, former President and Chief Executive Officer of Salient Federal Solutions. Serving as the company’s new President will be Tom Ferrando,
CALIBRE Acquires IMC Health & Life Sciences, Defense & Public Sector Groups
CALIBRE Systems, Inc. (CALIBRE), an Alexandria, Virginia-based employee-owned management consulting and information technology solutions company, announced Monday that it has acquired the Health & Life Sciences and the Defense & Public Sector groups of Information Management Consultants (IMC) of Reston, Virginia. “We are very happy to have found an acquirer in CALIBRE whose leadership, prominence,
DSA, Inc. Acquires Symbolic Systems’ Federal IT Assets
It was announced on August 17th by Data Systems Analysts, Inc. (DSA) that they have acquired the Federal IT services practice of Symbolic Systems which has a rich history and a deep understanding of Knowledge Management (KM), data management & IT services. This acquisition will enhance DSA’s U.S. Army KM practice. “We are very excited
Day1 Solutions Acquires OpenOsmium
McLean, Va.-based Day1 Solutions announced May 11 that the company has acquired Herndon, Va.-based OpenOsmium, its third acquisition in eight months. OpenOsmium CEO Sadayappan “Chida” Chidambaram and his team will join the Solutions and Engineering team at Day1 Solutions, with Chidambaram appointed Chief Technology Officer for Big Data and Analytics. “The expertise in big data
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
Triple-i Acquires Creative Computing Solutions Inc.
Springfield, Va.-based Information Innovators Inc. (Triple-i) announced May 5 the acquisition of Creative Computing Solutions Inc. (CCSi), based in Rockville, Md. The company brings mature business processes and industry-relevant credentials as a Third Party Assessment Organization (3PAO) for cloud service providers, a CMMI Level 3 assessed company for Services and Development, and multiple ISO certifications
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