ManTech hire will strengthen M&A activities

Seeking to strengthen its mergers and acquisitions process, ManTech International Corp. has named Matthew Candy senior vice president for corporate development.

Candy will be responsible for ManTech’s M&A activities and aligning them with the company’s growth objectives, according to a ManTech statement released today.

Before joining ManTech, Candy led the identification, due diligence, acquisition and integration function at General Dynamics Information Technology, resulting in nine closed transactions with aggregate revenue of more than $2.5 billion, according to the statement.

While at General Dynamics, he also led several major strategic planning efforts and helped establish the policies and procedures governing organizational conflicts of interest for the company.

Before joining General Dynamics, Candy was a naval officer, and he continues to serve as an intelligence officer in the Navy Reserve with the rank of commander.

“Acquisitions are an integral component of our growth strategy, and ManTech has tremendous financial capability and flexibility, especially after completing our recent $200 million high-yield offering,” said ManTech Chairman and Chief Executive Officer George Pedersen.

ManTech will continue making accretive acquisitions that position the company in areas of strategic importance, said Lawrence Prior, the company's president and chief operating officer.

Candy's efforts will focus on acquisitions in areas such as cybersecurity and systems engineering, Prior added.

Candy has a master’s degree in business administration from the F.W. Olin Graduate School of Business at Babson College and a bachelor of science degree in business administration from the Rochester Institute of Technology.

ManTech International, of Fairfax, Va., ranks No. 48 on Washington Technology’s 2009 Top 100 list of the largest federal government prime contractors.