M&A Activity

KBR has entered into a definitive agreement to purchase LinQuest Corporation – a company focused on engineering, data analytics and digital integration – for $737 million.  Baird served as the exclusive financial advisor for the deal, through which KBR intends to unlock new opportunities for revenue growth and meet the needs of clients and the wider […] More

Tyto Athene has completed its acquisition of managed cybersecurity services provider MindPoint Group, first announced last month. In light of the acquisition, MindPoint President Patti Chanthaphone will assume the position of Tyto’s federal civilian group president, where she will work to accelerate future cyber growth, the Arlington Capital Partners portfolio company said Tuesday. Dennis Kelly, CEO of Tyto, […] More

Exiger, a supply chain and third-party risk artificial intelligence company, has acquired University of Cambridge spin-out Versed AI in an effort to expand its AI-powered supply chain visibility, data and mapping capabilities. The company said Monday Versed AI’s product breakdown technology works to streamline multi-tier supplier network extraction and aggregation and integrating it to Exiger’s […] More

Boeing initially planned to reacquire Spirit AeroSystems in an all-cash transaction but made a last-minute move by proposing to fund its purchase of the aircraft parts manufacturer using mostly company stock, The Wall Street Journal reported Monday. According to people familiar with the negotiation, the two parties discussed a deal in which Boeing would acquire […] More

Honeywell will purchase CAES Systems Holdings from private equity firm Advent International for approximately $1.9 billion in an effort to enhance its defense technologies in air, land, sea and space domains. The all-cash transaction will bring CAES’ radio frequency technologies, skilled engineers and automated facilities to Honeywell and help the latter expand aerospace expertise and […] More

VTG looks to strengthen its digital transformation capabilities with its recent acquisition of Clear Cloud, a provider of software, cloud and data engineering products and services for intelligence community customers. The Chantilly, Virginia-based national security company said Monday its purchase of Clear Cloud is also an effort to accelerate VTG’s IC-focused growth strategy. “The acquisition […] More

Aircraft component producer TransDigm is acquiring Raptor Scientific, an L Squared Capital Partners portfolio company that provides aerospace and defense customers with test and measurement products. The acquisition is worth approximately $655 million and is expected to be financed using existing cash on hand, TransDigm said Tuesday. TransDigm President and CEO Kevin Stein expressed excitement […] More

BCS and Allegient Defense have merged and established a new entity that will deliver technology platforms and services to support the missions of energy and defense agency customers. BCS CEO Alain Williams will lead the new entity, which will operate as BCS Allegient. “Our combined energy- and defense-heavy portfolios put us at the intersection of […] More

A BCS subsidiary has acquired Allegient Defense, an Arlington, Virginia-based systems engineering and technical assistance provider, from Canada-based data analytics and artificial intelligence company NowVertical Group. NOW said Monday the divestment will help reduce debt and enable the company to make strategic investments in core areas. “This transaction allows us to streamline our integration operations, […] More

Tetra Tech has acquired Convergence Controls & Engineering for an undisclosed sum as part of its move to broaden its digital water and energy practices. Tetra Tech said Thursday it will integrate Convergence with its government services group. Convergence is a Littleton, Colorado-based process automation and systems integration company focused on providing advanced data analytics, […] More

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