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Latest Federal & Government Contracting Companies' News Coverage
Stored energy technologies provider EnerSys has entered into a definitive agreement to acquire for $208 million Bren-Tronics, a manufacturer of portable power products for defense customers. EnerSys said Thursday it expects to close the all-cash transaction by the second quarter of 2024. Following the acquisition, Bren-Tronics will be integrated into EnerSys’ Specialty business. EnerSys President […] More
SES and Intelsat have agreed on a $3.1 billion acquisition deal that would see the U.S. satellite services provider combine with the Luxembourg-based satellite firm to establish a multi-orbit operator with expanded coverage, resources and capabilities to support customers. In a joint announcement Tuesday, both companies said existing cash and equivalents, as well as new […] More
Asset intelligence and cybersecurity company Armis has acquired for $150 million Silk Security, the developer of Silk Platform, which works to provide cyber risk prioritization and remediation. Armis said Wednesday that following the acquisition, Silk Platform will be integrated into its own artificial intelligence-powered vulnerability prioritization and remediation product called Armis Centrix.
Cyber experts, government leaders and industry visionaries will speak about the dynamic and evolving role of cyber in the public sector at the Potomac Officers Club's 2024 Cyber Summit. Register now!
Great Mills, Maryland-based defense contractor J.F. Taylor has acquired software company Clear Creek Applied Technologies as part of a push to expand its portfolio of training systems and mission support platforms for the Department of Defense and its international partners. CCAT is a Dayton, Ohio-based company that has been developing and delivering mission-critical software applications and test and evaluation services to the U.S. Air Force, U.S. Navy and foreign military partners for nearly two decades, J.F. Taylor said Monday.
Chenega’s security strategic business unit has acquired E&M International for an undisclosed sum as part of a push to broaden its capacity to deliver critical fire and emergency services and capabilities to existing and future customers. Albuquerque, New Mexico-based EMI is focused on providing fire alarm systems, mass notification, emergency communications and clean agent fire suppression technologies, Chenega said in a press release received by Executive Mosaic on Monday.
BlackSea Technologies has purchased Blue Tide Marine, a move that widens the former’s maritime defense offerings. Through this acquisition, BlackSea aims to provide clients with technologies that support the coordination of manned teams and unmanned autonomous platforms, the Baltimore, Maryland-based contractor announced on Wednesday.
Everbridge shareholders will receive $6.40 more per share under the newly-amended merger agreement between the critical event management and national public warning systems provider and Thoma Bravo, a software investment firm. Everbridge said Friday that its agreement with Thoma Bravo was modified after a third party offered an alternative acquisition proposal that set a higher price than the original transaction.
Iridium Communications looks to expand its portfolio of assured positioning, navigation and timing services through a potential $115 million deal to acquire Satelles. Reston, Virginia-based Satelles is a provider of satellite-based time and location services that work to complement and secure GPS and other GNSS-reliant systems, Iridium said Monday.
J&J Worldwide Services and CBRE Group have inked a definitive agreement for the latter's acquisition of the Arlington Capital Partners portfolio company for $800 million in cash. In addition to the initial purchase price, the deal has a potential earn-out of up to $250 million, payable in 2027 and subject to J&J meeting certain performance thresholds, the Austin, Texas-based mission support services provider said Monday.
RTC Aerospace, a portfolio company of private equity firm Stellex Capital Management, has acquired Vanderhorst Brothers Industries, a Simi Valley, California-based manufacturer of precision aerospace parts. The financial terms of the transaction were not disclosed but RTC said Tuesday the deal will expand its product portfolios and capabilities to produce high-precision components for aerospace and defense applications.
Accenture has agreed to buy digital transformation services provider Navisite from Madison Dearborn Partners for an undisclosed sum as part of a push to expand its infrastructure and application managed services capabilities in support of information technology modernization efforts of customers in North America. Accenture said Wednesday it will integrate approximately 1,500 Navisite employees into its infrastructure engineering practice to help clients advance cloud transformation initiatives.
Evercore, a New York-based global independent investment banking advisory firm, has released a monthly update highlighting previous and ongoing transactions it has supported in the aerospace, defense and government services markets. According to the report, a copy of which was received by Executive Mosaic, Evercore advised several aerospace and defense clients on mergers and acquisitions, including Aerojet Rocketdyne on its $4.7 billion sale to L3Harris Technologies.
