M&A SPECIAL REPORT

Best Divestitures

Three-way tie: MorganFranklin, Arinc and NEK Advanced Securities Group
Buyers: SRA International acquired part of MorganFranklin, Booz Allen Hamilton acquired part of Arinc, and Cubic Corp. bought part of NEK Advanced Securities Group
Value: $52 million for NEK; not available for Arinc and MorganFranklin
Closing dates: Dec. 3 for Booz Allen/Arinc, Dec. 16 for SRA/MorganFranklin and Dec. 17 for Cubic/NEK.
Why: These three deals illustrate the need for focused portfolios in today’s market because the sellers made the divestitures so they could concentrate resources in more strategic areas. The buyers added new capabilities in current markets: Cubic expanded training opportunities with special forces customers; Booz Allen added to its technical services; and SRA enhanced its tactical command and control, continuity-of-operations and program management support skills.
Bankers/Advisors: Houlihan Lokey for SRA/MorganFranklin; UBS for Booz Allen/Arinc; KippsDeSanto for Cubic/NEK Advanced Securities.

Return to the list of 2012's best deals

See our 2012 M&A roundup of closed transactions

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
close
contracts DB
SEARCH

Trending

  • 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