Deltek up for sale?
By
Nick Wakeman
The Wall Street Journal reports that Deltek has hired an investment bank to find a buyer for the company.
Deltek, the long time provider of accounting and project management software to government contractors and construction firms, might be in search of a buyer, according to a report in the Wall Street Journal.
The financial newspaper is reporting that Deltek, which also got into the market research business when it bought Input and FedSources, has hired the investment bank Greenhill & Co.
The private equity firm New Mountain Capital owns 59 percent of Deltek’s stock, which was up 3.6 percent today as the news of a possible sale broke. The stock was trading at $13.81. Its 52-week high is $14.99; the low is $5.47.
Company officials did not respond to requests for comment.
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