MEI Co merges with QuantiTech, expanding defense presence - Birmingham Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
By Ross Wilkers
Feb 10, 2021
QuantiTech has completed a third transaction with the backing of its private equity owner that represents a larger step for the government services company.
Huntsville, Alabama-based QuantiTech said Wednesday it has merged with Millennium Engineering and Integration, or MEI, in a deal to create a more formidable middle-tier market player. Terms of the transaction were not disclosed.
This merger comes nearly seven months after Sagewind Capital first announced its investment in QuantiTech, which subsequently used that backing to acquire Dynamic Concepts Inc. for more of a presence in space programs. Deal number two for QuantiTech was for the Systems Engineering Group formerly owned by Griffin Corp.
Jack London remembered for dedication, leadership, business acumen
Leaders across the government market are mourning the death of Jack London, long-time chairman and former CEO of CACI International.
London died Jan. 20 at the age of 83. He had been with the company since 1972 and a senior executive since 1981.
But beyond any official titles, London is being remembered for his integrity and dedication to his company. And even more so to the government customers CACI served, particularly in the national security arena.
“He always kept the men and women who serve and sacrifice for our nation as foremost in his thoughts and actions,” said David Wennergren, a former CACI executive and now president of the American Council for Technology and Industry Advisory Council (ACT-IAC).
By Ross Wilkers
Jan 08, 2021
One of Perspecta’s largest shareholders, Veritas Capital, is working on putting together an offer to acquire the government technology services company, according to recent filings.
This development is also the first time we get a clear, confirmed glimpse at how Perspecta could be thinking about its future amid investor speculation, media reports and cryptic statements from the company that strategic options are on the table.
In a regulatory filing posted Wednesday (scroll to “Purpose of Transaction), private equity firm Veritas Capital said it is in preliminary discussions with Perspecta regarding a potential transaction and has been granted access to initial due diligence materials. Perspecta officials have not commented beyond the filing, which said the company granted Veritas a limited standstill waiver to proceed.
Vectrus to Acquire Zenetex, Accelerating Converged Infrastructure Strategy and Further Expanding Intelligence and Foreign Military Client Portfolio Secures Vectrus as a leader in the converged infrastructure market by expanding integrated capabilities in Logistics and Supply Chain, Security, Advanced Engineering, IT, and International Readiness Solutions Expands Vectrus content at client installations, facilities, and bases with the addition of mission-critical support services for vital defense aviation programs Broadens reach into the Intelligence Community and adds new Foreign Military Sales clients Increases backlog by more than $700 million and provides a foundation for continued growth Expected to be accretive to 2021 Adjusted Diluted EPS and Adjusted EBITDA margin