This week on Amtower Off Center, host Mark Amtower interviewed serial entrepreneur Shirley Collier, president of Scale2Market.
Topics include:
Listen to the Podcast at: https://federalnewsnetwork.com/amtower-off-center/2021/04/creating-opportunities-for-small-businesses/
Historically, buyers in M&A transactions have discounted the value of a government contractor with significant revenue from small business set-aside contracts, including contracts for service-disabled veteran-owned, 8(a), HubZone, and woman-owned small businesses. Is that still the case in 2021?
Watch the videocast here: https://www.jdsupra.com/legalnews/exit-strategies-for-govcons-with-set-asi-92656/
As anyone who follows the industry can tell you, mergers and acquisitions activity in the aerospace and defense industry has remained robust over the past decade. In 2019 alone, there were 460 corporate acquisitions in this sector. And while a slowdown in 2020 deal activity is certainly expected as a result of the COVID-19 pandemic, results for at least the second quarter remained strong, with 84 deal closings. Further, analysts project that activity in certain subsegments of the industry, including defense, space technology, and cybersecurity, will remain vigorous for the foreseeable future, at least partially offsetting any declines in commercial aerospace transactions.
But much like the machines they produce, acquiring an A&D company is complex and requires a significant investment of both time and money to be done properly. So just as a pilot would perform a pre-flight check before takeoff, there are steps that a savvy buyer or seller of an A&D company can take to give themselves the best chance of a successful and smooth closing. This article aims to provide you a primer on some of these steps by examining some of the most common issues that arise in A&D transactions to give you a leg up on your transaction.
Continue reading at: National Law Review
Over the weekend, defense contractor Raytheon and aerospace company United Technologies announced that they plan to merge. They’re calling it a “merger of equals,” an all-stock deal that would result in a new company, Raytheon Technologies.
If the deal makes it past regulators, the $100 billion company would become the second-largest aerospace and defense company in the U.S., behind Boeing. The companies say the proposed merger’s important for them to keep their balance in shifting markets. “They’re looking at it, in this acquisition, truly as a long-term view that this combined company will be able to ride the ups and downs of the markets,” said Doug Gates, head of aerospace and defense for KPMG.
Continue reading at: Marketplace.org
For the first time in a while, investors are betting big on “big government.”
The federal services market has experienced a jolt of dealmaking activity in recent months as companies position themselves to capture new government spending, breathing life into a sector that has been sluggish for years.
In late January, fast-growing technology contractor ECS Federal was bought for $775 million by On Assignment, a California-based recruiting firm with little experience in the federal market. In the same week, Lockheed Martin spinoff PAE bought the firm Macfadden & Associates in a move that was largely viewed as an effort to consolidate amid shifting budgets.
Meanwhile, Falls Church, Va.-based defense giant General Dynamics upped the ante last week when it announced a $6.8 billion agreement to buy CSRA, one of the largest government IT services firms. Also last week, two private equity firms added to their stable of federal contractors: Veritas Capital is acquiring the government business of PricewaterhouseCoopers; and Arlington Capital Partners is buying a small engineering services firm called Integrity Applications.
Keep reading this article at: https://www.washingtonpost.com/business/capitalbusiness/dealmaking-accelerates-as-federal-contractors-jockey-for-spending/2018/02/18/1c707acc-1343-11e8-9065-e55346f6de81_story.html
