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acquisition

Jul 14, 2022

ASGN acquires Mass. IT company for $350M

Henrico County-based IT and professional services provider ASGN Inc. announced last week that it has finalized its previously announced $350 million cash acquisition of GlideFast Consulting LLC. Founded in 2015, Waltham, Massachusetts-based GlideFast provides tailored solutions for the ServiceNow cloud computing platform, which helps companies manage digital workflows for enterprise operations. Gl[...]

A graphic showing the SemanticBits logo, an ampersand, then the ICF logo
Jul 14, 2022

ICF acquires SemanticBits for $220M

Fairfax-based management consulting firm ICF International Inc. announced Thursday it had completed its $220 million acquisition of health tech contractor SemanticBits. In June, ICF announced it had entered into a definitive agreement to acquire the Herndon-based company, and that its existing credit facility would fund the $220 million transaction. “As one of the industry’s leading [&hell[...]

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Jul 12, 2022

CTSI purchases NYC’s largest fire alarm company

Chantilly-based technology company Corbett Technology Solutions Inc. (CTSI) has acquired New York-based fire alarm company Firecom, CTSI announced Tuesday. Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners. The Firecom deal is CTSI’s 10th acquisition since it was purchased by Wind Point in […]

Trader Interactive logo
Jun 30, 2022

Carsales.com to fully acquire Trader Interactive

Australian online auto sales forum Carsales.com Ltd. plans to acquire the remaining 51% of Norfolk-based Trader Interactive from Eurozeo and Goldman Sachs Asset Management for $839.14 million, the companies announced this week. Carsales.com bought 49% of Trader Interactive in August 2021 for $624 million and will now own the company in its entirety, funding the […]

Vectrus logo
Jun 17, 2022

Two govcons to merge, move HQ to NoVa

Colorado-based government contractor Vectrus Inc. and Mississippi-based The Vertex Co. will merge to form a company that will be based in Northern Virginia. Vectrus shareholders approved the all-stock merger, expected to close in the third quarter of 2022, on Wednesday. The combined company will be named V2X Inc. and will trade on the NYSE under […]

Jun 6, 2022

Bowman Consulting Group acquires Fla. firm

Reston-based civil engineering company Bowman Consulting Group Ltd. has acquired Pensacola, Florida-based Fabre Engineering Inc., the company announced Monday. Bowman financed the acquisition with a combination of cash and seller financing but did not disclose the financial details. “Frank and the extended Fabre team have a long history in the Gulf Coast,” Bowman CEO Gary […]

Yount, Hyde and Barbour acquires Woodcock & Associates PC
May 26, 2022

YHB to acquire Md. accounting firm

Winchester-based accounting and consulting firm Yount, Hyde and Barbour (YHB) will acquire Maryland-based firm Glass Jacobson PA on July 1. Financial details of the transaction were not disclosed in Wednesday’s announcement. “We are excited to welcome the Glass Jacobson team to the YHB family,” YHB Managing Partner Scott Moulden said in a statement. “We expect […]

The Acacia Group acquires Atlanta consulting firm
May 26, 2022

The Acacia Group acquires Atlanta consulting firm

Tysons-based private equity firm The Acacia Group announced Wednesday that it had acquired Atlanta-based technology, staffing and consulting firm The Baer Group. Financial details of the transaction were not disclosed. The Baer Group will form a new platform business within the Acacia platform. “We see immediate opportunities for Baer to support the clients of current […]

Parsons Corp. names new CEO
May 23, 2022

Parsons to acquire Xator for $400M

Parsons Corp., a Centreville-based federal contractor specializing in technology-focused defense, intelligence, security and infrastructure engineering, has entered into a definitive agreement to acquire Reston-based Xator Corp. for $400 million, the company announced Monday. Founded in 1944, Parsons is a publicly traded Fortune 1000 corporation with more than 16,000 employees working in 24 nation[...]

Tegna to sell for $5.4B to hedge fund
May 17, 2022

Tegna shareholders approve $5.4B sale to hedge fund

Tysons-based broadcast and digital media giant Tegna Inc.’s shareholders approved an agreement at a special meeting Tuesday for the sale of the company to an affiliate of New York hedge fund Standard General. On Feb. 22, Tegna announced it would be acquired in a $5.4 billion cash deal by an affiliate of Standard General LP. […]

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May 16, 2022

Carlyle Group to acquire ManTech for $4.2B

Herndon-based ManTech International Corp. has entered into a definitive agreement to be acquired by The Carlyle Group for approximately $4.2 billion, the tech contractor announced Monday. In the all-cash transaction, ManTech shareholders will receive $96 per share in cash, a 32% premium to ManTech’s closing share price of $72.82 on Feb. 2, which was the […]

May 11, 2022

Bowman Consulting Group acquires Pa. firm for $18M

Reston-based Bowman Consulting Group Ltd. has closed its $18.5 million acquisition of Pennsylvania-based transportation engineering and planning firm McMahon Associates Inc., the company announced May 5. The sale was financed through a combination of cash, seller notes and common stock, Bowman spokesperson Carolyn Artman said. McMahon focuses on transportation projects and has more than 200 [&hell[...]

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