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Pavion acquires Mo. video security company
Chantilly-based technology firm Pavion, formerly Corbett Technology Solutions Inc. (CTSI), acquired Missouri-based Short Circuit Electronics Inc., Pavion announced last week. Financial terms of the transaction were not disclosed. Pavion is a portfolio company of Chicago-based private equity firm Wind Point Partners. The acquisition is Pavion’s 11th since it was acquired by Wind Point in June [&h[...]
TowneBank completes Farmers Bank acquisition
Suffolk-based TowneBank has completed its acquisition of Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, TowneBank announced Tuesday. The $56 million deal created a combined company worth $17.5 billion in total assets, loans of $10.9 billion and $14.5 billion. It adds Isle of Wight and Southampton counties to TowneBank’s service area, as well […]
Hilb Group acquires Ga. insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on our customers,” Ed Gillman, Gillman Insurance’s founder and [...]
Reston-based Octo to be acquired by IBM
Reston-based Octo is being acquired by IBM and its 1,500 employees will become part of IBM Consulting’s U.S. public and federal market arm. Terms of the deal were not disclosed in a news release Thursday. IBM is acquiring the company from Arlington Capital Partners and the deal is expected to close by the end of […]
Leonardo DRS completes merger, goes public
Arlington-based defense contractor Leonardo DRS Inc. is now a public company. The company began trading on the Nasdaq composite Tuesday morning, opening at $11.50, following the completion Monday of its all-stock merger with Israel-based Rada Electronic Industries Ltd. to form a $3 billion company. The companies announced their plans to merge in June. Under the […]
Cadmus Group acquires Fairfax contractor
Massachusetts-based consultancy The Cadmus Group LLC announced Wednesday it has acquired Wheelhouse Group, a Fairfax-based business and technology consultancy and federal contractor. Financial details of the transaction were not disclosed. Founded in 2003, Wheelhouse provides organizational change management, stakeholder engagement and communications, workforce transformation and enterprise optimi[...]
Leidos completes acquisition of Aussie special missions biz
Reston-based Leidos has completed its acquisition of Australia-based Cobham Aviation Services’ special mission subsidiary from British technology aerospace manufacturer Cobham Ltd., the Fortune 500 federal contractor announced Monday. The $215 million deal was first announced in August. The acquisition adds airborne surveillance and search and rescue missions to Leidos’ Australia portf[...]
Telus International to acquire WillowTree for $1.2B
Charlottesville-based WillowTree Inc., recently recognized by Adweek for being one of the fastest-growing agencies in the nation, has entered into an agreement to be acquired by Canadian tech company Telus International Inc. for $1.225 billion, Telus announced Thursday. The acquisition is expected to close in January and is subject to regulatory approvals. Under the agreement, […]
Modus Create acquires Philadelphia-based firm
Reston-based Modus Create Inc., a technology consulting firm, has acquired Philadelphia-based product and application development firm Promptworks LLC, Modus announced Tuesday. A dollar amount for the acquisition was not disclosed. The acquisition follows two others made by Modus Create this year. In May, the company acquired Atlas Authority, a New York-based information technology services and [&[...]
DXC Technology receives takeover interest
Ashburn-based DXC Technology Co. has received takeover interest from at least one private equity firm and is working with advisers, Bloomberg reported Wednesday. A company spokesperson declined to confirm details about the potential takeover to Virginia Business, saying DXC doesn’t “comment on market rumor and speculation.” The company’s stock rose to $28.84 at 1:30 p.m. [&[...]
Google completes $5.4B Mandiant acquisition
Google LLC has completed its acquisition of Reston-based cybersecurity company Mandiant Inc. in an all-cash transaction valued at $5.4 billion. Google is paying $23 per share for Mandiant, which is joining Google Cloud while retaining its branding. The companies announced the deal in March. Together, Google Cloud and Mandiant will offer customers more capable end-to-end […]
ManTech stockholders approve $4.2B sale to Carlyle Group
ManTech International Corp. stockholders have approved the Herndon-based tech contractor’s sale to The Carlyle Group for approximately $4.2 billion. Stockholders green-lighted the sale during a Sept. 7 special meeting, subject to customary closing conditions. The transaction is expected to close this week. “We thank our stockholders for their strong support of this transaction,” said Man[...]
