Top Mergers & Acquisitions of the past year
Biggest Single Deal: Providence Equity

Best Single Deal

  • Buyer: Providence Equity Partners
  • Seller/Target: SRA International
  • Advisers: Houlihan Lokey for SRA
  • Value: $1.9 billion

This acquisition stood out for several reasons. First is the price tag, but that may have the least to do with its importance. SRA's stock price had faltered which made it vulnerable to a takeover. The company had tried to push into new areas, particularly higher-end systems engineering work, but that move wasn’t bearing fruit. Strategic buyers were interested but Providence came in with the highest bid and a promise to keep SRA’s name, value and culture intact. The acquisition also allowed it to bring in new leadership with CEO Bill Ballhaus replacing Stan Sloane.