M&A Activity

Magellan Health has officially rebranded its Armed Forces Services Corp. (AFSC) subsidiary to Magellan Federal. The move aims to enable Magellan Federal to better communicate its value and differentiation, as well as showcase business capabilities. "As we transition to Magellan Federal and leave behind the AFSC brand, we will continue to put individuals and their families at the center of our services," said Oscar Montes, CEO of Magellan Federal.

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ManTech International has acquired Minerva Engineering, a cyber support services provider to the intelligence sector. “The addition of Minerva Engineering is highly complementary and further builds upon our differentiated cyber offering, delivering more to our customers while positioning us for continued growth,” said Kevin Phillips, ManTech chairman, CEO and president and a 2020 Wash100 Award recipient.

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AE Industrial Partners has acquired Linkware, a company that specializes in custom software solutions and government consulting, and Pangiam, a security and travel consulting services provider, to create an integrated travel solutions technology platform, AEI announced Wednesday. Terms of the transaction were not disclosed. "Combining Linkware with Pangiam will create a compelling travel and security solutions technology platform with unlimited potential," said Kevin McAleenan.

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Parsons has entered into a definitive agreement to acquire Braxton Science & Technology Group (BSTG) and its subsidiaries for $300 million. With the purchase, Parsons will enhance its solutions, products and capabilities across the space, cyber and intelligence markets. BSTG has a large portfolio of commercial off-the-shelf (COTS) products and government off-the-shelf products, which have provided mission critical solutions across spacecraft ground control and spacecraft integration. 

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Accenture and ServiceNow have partnered under a five-year, multi-million dollar agreement to create a new business group to advance digital transformation that mitigates operational challenges. “By further strengthening our strategic alliance with ServiceNow, we will enable our clients to more quickly embrace change,” said Julie Sweet, CEO of Accenture. “With a move to the cloud, they can reimagine their operations, reskill their employees, and become more sustainable.”

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AECOM has sold its Power construction business to affiliates of CriticalPoint Capital. The sale will add to AECOM’s business transformation strategy to become a higher-margin, lower-risk Professional Services business. “On behalf of our company, I thank the Power construction team for their contributions over the years and wish the business and CriticalPoint Capital the best of success,” said Troy Rudd.

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Dun & Bradstreet Holdings BV, a subsidiary of Dun & Bradstreet, has entered into a definitive agreement to purchase the outstanding shares of Bisnode Business Information Group AB for $818 million, Dun & Bradstreet reported on Wednesday. "[The acquisition] will provide our existing and future clients with vital business intelligence to support their own growth ambitions,” said Anthony Jabbour, CEO of Dun & Bradstreet.

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AECOM has integrated its Design and Consulting Services (DCS) businesses into one global organization as part of the company’s phased strategy. The new unit will be led by Lara Poloni, AECOM’s president. “Our greatest opportunity is to fully capitalize on the expertise that is inherent across our organization by thinking and acting as one global company,” said Troy Rudd, AECOM’s CEO.

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