M&A Activity

Jacobs has completed a transaction with PA Consulting through which it secured a 65 percent stake in the U.K.-based management consulting company. The investment placed an enterprise value of $2.5 billion to PA Consulting and the move is expected to drive Jacobs’ growth strategy as a leading technology-enabled solutions provider. The purchase was approved by PA employees and shareholders, with 99.9 percent voting in favor of the partnership.

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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. 

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CAE has agreed to buy the military training segment of L3Harris Technologies for approximately $1.05 billion in a strategy to access multiple programs aimed at preparing U.S. warfighters for aircraft and weapon system operations. Montreal-based CAE said Monday it expects to close the transaction in the second half of this year. Marc Parent, president and CEO of CAE, said the company aims to accelerate its growth strategy in the defense and security space through the acquisition and expand its U.S. market presence.

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Arlington, Virginia-based IDS International has purchased GovSource and DECO for an undisclosed sum in a move to create a global provider of training support services to the military sector.

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