April 18, 2016 - M&A

M&A for Q1 2016—In Like a Lion

small-businessLooking back at Q1’s government contractor M&A activity, it may be a stretch to lay the blame for a quiet-seeming February at the feet of Snowzilla—after all, DC’s latest snow beast hit in mid-late January—but there you have it: the M&A headlines that grabbed our attention nearly all landed in March, well after Snowzilla, with just one toughing it out for the end of January to round out our earlier summary:

First Month, Last Deal: SOS International, LLC, a private, family-owned and operated government services integrator broadened its intelligence footprint with its January 29 acquisition of New World Solutions (NWS) (price undisclosed). NWS specializes in imagery science, cyber analytics and advanced technology research and development.

While on the weather, maybe it was the groundhog’s early spring that kept us away from our desks in February, but by the time March came roaring in, the deals did, too.

A New Alliance: Accenture (NYSE: ACN) took an equity position in Endgame Inc., a provider of cybersecurity software solutions to actively hunt adversaries that now joins Accenture’s Rolodex of alliance relationships. The terms of the March 1 investment were not disclosed

The Ides of March: The middle of the month saw several interesting updates:

  • Tetra Tech (NASDAQ: TTEK) acquired Vienna, VA-based Indus Corp. in a transaction announced on March 14 (terms not disclosed). Indus’s spatial and water information management capabilities are hoped to mesh well with TTEK’s water management consulting experience.
  • Platinum Equity announced the closing of its acquisition of PAE on March 15. (We previously summarized the deal announcement.)
  • On March 15, Lockheed Martin (NYSE: LMT) announced completion of an internal reorganization of its energy business unit. That may not be strictly M&A, but even internal changes at primes are often worth a mention.

After all that, March must have roared loud enough to finally bring spring to the DC area, and we’re enjoying the warmer weather while waiting to bring you the next round of headlines for Q2. Congratulations to the deal makers, and good luck with integration and next steps!