Hello, Guest!
  • Saturday, December 21, 2024

Corporate Dev’t Execs Say M&A Opportunities Could Emerge From Business Unit Divestitures


Jeff Brody

Executives from Leidos (NYSE: LDOS), ManTech International (Nasdaq: MANT), Parsons (NYSE: PSN) and Jacobs Engineering Group (NYSE: JEC) said they believe divestitures of smaller business units resulting from major mergers and acquisitions in the past two years could drive the next wave of M&As in the government contracting market, the Washington Business Journal reported Wednesday.

œWe™ve seen more opportunities because of the short-term disruptions [of the M&A market], Stephen Vather, vice president of corporate development and investor relations at ManTech, said Wednesday at the Baird Government & Defense conference. He added that some companies have been on the lookout for smaller acquisitions that could help build up their operating models.

Randy Phillips, senior VP of corporate development at Leidos, said he expects divestitures to œpop from the recent M&A wave.

Tim Schmitt, VP of corporate development at Parsons, said companies with defense-cleared personnel and platforms that complement an acquirer™s tech service offerings could draw the attention of potential buyers.

Video of the Day

Related Articles

Parsons, SeaTech Global Awarded Positions on $1B NNSA Counter Nuclear Smuggling System Deployment Contract Contract Awards

Parsons, SeaTech Global Awarded Positions on $1B NNSA Counter Nuclear Smuggling System Deployment Contract

The Department of Energy’s National Nuclear Security Administration has awarded Parsons (NYSE: PSN) and SeaTech Global Security Solutions positions on a potential seven-year, $1 billion contract to support the deployment of counter nuclear smuggling systems. The vendors will perform design, construction, integration, communications, logistics, training and equipment procurement, among other tasks, to help field counter

Olivia Fines Appointed Constellis’ Chief Legal & Compliance Officer; Terry Ryan Quoted Executive Moves

Olivia Fines Appointed Constellis’ Chief Legal & Compliance Officer; Terry Ryan Quoted

Olivia Fines, former Parsons senior vice president, was named chief legal and compliance officer and corporate secretary at Constellis. In a statement published Tuesday, Terry Ryan, CEO of Constellis, welcomed Fines on behalf of the board and executive team. “Her extensive experience in federal procurement processes, technology deployment, risk management, global workforce management, corporate governance

GovCon Index Marks 6th Straight Winning Week Financial Reports

GovCon Index Marks 6th Straight Winning Week

Executive Mosaic’s GovCon Index endured the roller coaster ride during the holiday-shortened week. Besides closing 0.64% higher on Feb. 23, 2024, the index that tracks the performance of 30 notable government contractors marked six straight winning weeks. At $4,839.92, the week-to-week gain is 1.1%. Like the GCI, Wall Street’s major indexes advanced more than 1%