M&A roundup

CACI to buy intel firm

CACI International Inc. will acquire Athena Innovative Solutions Inc., of Alexandria, Va. Terms of the deal were not disclosed.

CACI, of Arlington, Va., said that the acquisition will strengthen its intelligence capabilities ? 95 percent of Athena's 600 employees have at least top-secret security clearances ? and add an expected $110 million in revenue for 2007.

ITT makes $1.7B bid for EDO

ITT Corp. bolstered its high-end systems integration and defense work with a $1.7 billion offer for EDO Corp., of New York.

ITT of White Plains, N.Y., was attracted to EDO's defense electronics capabilities, which fit well with its sensing and surveillance capabilities, the company said.

The deal is expected to close in early 2008.

New M&A player led by old hands

Private-equity group Monitor Clipper Partners Inc. of Cambridge, Mass., has invested in Olive Group FZ-LLC of Dubai, United Arab Emirates, a provider of critical infrastructure protection and security solutions.

The investment will let Olive Group make acquisitions and pay for other growth needs.

Olive Group chief executive officer David Langstaff steered Veridian Corp. through several acquisitions, an initial public offering and a $2 billion sale to General Dynamics Corp. in 2003.

Scitor takes buyout

Scitor Corp., a 1,200-person, employee-owned company, has been acquired by a private-equity group.

Leonard Green and Partners LLP of Los Angeles has bought the Herndon, Va., company. Most of Scitor's employees have high-level government security clearances. The company provides engineering and management consulting services to defense and intelligence agencies.

The terms of the deal were not disclosed.

Jefferies Quarterdeck represented Scitor on the deal. Its affiliate, Jefferies Finance, and GE Capital helped arrange the financing for the transaction.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.