Government Contracts Transactions, M&A and Diligence

Recent representative transactions include:

• Accenture Federal Services, in its acquisitions of:
  • Agilex Technologies, a provider of digital solutions for the U.S. federal government.
  • Defense Point Security, a provider of cybersecurity services and solutions to U.S. government customers.
  • Phase One Consulting, a provider of modernization and digital transformation for the federal market.
  • The cyber defense business of Endgame, Inc.
• Abt Associates, in its acquisition of Stratus Consulting, a provider of environmental consulting services to DOJ and other civil agencies.
• Avaya Inc., in connection with its spin-off of Avaya Government Solutions, its information technology professional services business, to Camber Corporation.
• BAE Systems Inc., in connection with over 50 M&A transactions ranging from $10m to $300m, including the following announced transactions:
  • Its acquisition of Signal Innovations Group, a provider of imaging technologies and analytics.
  • The establishment of the FADEC Alliance joint venture with Safran and GE to develop, produce, and support FADECs for aircraft engines and related technologies.
  • Its spinoff and sale of its commercial armored vehicle business unit from its military and construction armored vehicle business unit to The O’Gara Group.
  • Its sale of the business assets of BAE Systems Tensylon High Performance Materials Inc. to DuPont.
  • Its acquisition of certain subsidiaries of L-1 Identity Solutions that provide intelligence and related services to the intelligence and defense communities.
  • Its acquisition of Advanced Ceramics Research, Inc., a manufacturer of tactical unmanned aircraft systems.
• Bulletin Intelligence LLC, a provider of customized information briefings and subscriptions and cloud-based content analytical services to government agencies and commercial customers, in its sale to Cision US Inc.
• Catapult Technology, in connection with its acquisition by DC Capital Partners.
• Creative Computing Solutions, Inc., a cybersecurity and health-focused solutions company, in connection with its acquisition by Information Innovators Inc.
• DXC Technology, in the sale of a classified government program to CACI,Inc. – Federal.
• ForceX, a provider of ISR software development and technology to the U.S. government, in its acquisition by L-3 Communications.
• GardaWorld, in its acquisition of United American Security and Industrial Security Service.
• Health Net Inc., in connection with the sale of its Medicare PDP business to CVS Caremark, and an acquisition of assets from Humana relating to the performance of certain HERO Program contracts.
• Huntington Ingalls Industries, in its acquisition of Fulcrum IT Services LLC.
• Kforce Government Solutions, in connection with the $115 million sale to ManTech International Corporation.
• Madison Dearborn Partners and CoVant Management, in connection with two significant transactions:
  • Their acquisition of LinQuest Corp, a provider of space technology solutions.
  • Their sale of LGS Innovations to CACI.
• PA Consulting Group, in the sale of its U.S.-based government contracting and international development consulting business.
• Perspecta, in its separation of the US Public Sector business from DXC and finalized its planned combination with Vencore, Inc. and KeyPoint Government Solutions.
• Saab AB, in connection with several significant M&A transactions, including:
  • Its acquisition of Sensis Corporation, a provider of air traffic management solutions and surveillance technologies.
  • A joint venture with DigitalGlobe (now Maxar Technologies), to provide 3-D imaging solutions.
• United American Insurance Company, in connection with the sale of its Medicare prescription drug business to SilverScript Insurance Company.
• Valiant Integrated Services, in its acquisition of Cubic Global Defense Services.