Major M&A Activity and Executive Moves Highlight this Week in GovCon
This week, the newsletter contained M&A activity at ManTech, Veritas and Avaya Government Solutions as well as an important executive move at Leidos.
John Jumper will retire from his Leidos CEO role after two years at the helm.
The former Air Force chief of staff helped lead the split of SAIC into two separate companies that are now known as Leidos and SAIC.
ManTech has purchased Allied Technology Group.
Allied also holds positions on two DHS contract vehicles that are worth up to $33 billion combined for all awardees.
“This acquisition is consistent with ManTech’s long-term strategy to extend our presence in growth markets. DHS represents a large and fast growing budget,” said George Pedersen, ManTech chairman and CEO.
Veritas Capital has acquired high-frequency microwave microelectronics company Anaren for $383 million which equals $28 per share.
Also, Camber Corp. is to buy Avaya Government Solutions’ IT professional services consulting group for $100 million.
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