Jacobs Engineering Group Inc. announced that it has acquired Australian firm Aquenta Consulting from Amec Foster Wheeler. The acquired business, formerly known as Currie & Brown, has 220 employees and provides integrated project services to public and private sector clients in Australia, New Zealand, the Middle East and Europe. Specific services provided by Aquenta include cost management, project planning and controls, project and risk management, contract, commercial and dispute services, along with asset and facilities management. Deal terms were not disclosed.
Veritas announced that it has agreed to acquire Harris Corporation's Government IT Services Business for $690 million in a deal that is expected to close by July. Based in Herndon, Virginia and with projected fiscal 2017 revenue of $1.07 billion, the business provides IT and engineering managed services to government agencies including NASA. Harris' air traffic management business supporting the FAA is not part of the divestiture. Macquarie Capital is the financial advisor to Veritas on this transaction.
Millstein & Company announced that it has formed Government Revenue Solutions (GRS) through its acquisition of MuniServices, Revenue Discovery Systems (RDS), Broussard Partners, and eGov Systems from PRA Group. GRS is a provider of revenue enhancement technology and consulting services to various government agencies throughout the U.S. The consideration paid was $91.5 million plus additional amounts for certain balance sheet items. As part of the transaction, Craig Adler will take the help as Executive Chairman and CEO. Adler was formerly the EVP and CFO at DLT Solutions. Lazard Middle Market was the financial advisor to PRA.
Octo Consulting Group announced that it has acquired the SeaPort-e business of Aquilent. Aquilent was required to divest the business prior to its sale to Booz Allen Hamilton in order to remedy potential OCI issues. As part of the acquired business, Octo will be responsible for supporting the SeaPort-e portal which is the platform used to solicit offers among the over 2,400 SeaPort-e IDIQ contract holders. Deal terms were not disclosed.
Booz Allen Hamilton announced that it has closed its previously announced deal for the acquisition of eGov Holdings Inc. (dba Aquilent). With about 310 employees, Aquilent provides digital, agile, DevOps, and cloud capabilities and is projected to add approximately $20 million of revenue through the rest of Booz Allen's fiscal year ending March 31, 2017. Aquilent's clients include the US Department of Health and Human Services, US Postal Service, and GSA. Prior to closing, Aquilent divested its Navy SeaPort-e Portal contract to Octo Consulting Group in order to resolve potential OCI issues.
PSI Services LLC announced that it has acquired Performance Assessment Network (PAN), a provider of talent assessments and measurements solutions for customers in the corporate, government, and education markets. PSI is a leading provider of professional testing services to a broad range of customers. Deal terms were not disclosed.
SOS Security LLC announced that it has acquired the operating assets of New Horizon Security Services Inc., a provider of manned security services in Virginia. Based in Manassas, VA and employee over 800 employees, New Horizon serves commercial, residential, and state and local government clients. The company generated revenues of $21.8 million in 2015 according to Inc. Deal terms were not disclosed.
Polaris Alpha, a portfolio company of Arlington Capital Partners, announced that it has acquired Intelesys Corporation. Based in Elkridge, Maryland, Intelesys provides software engineering, embedded development, network engineering and analysis, reverse engineering and malware analysis for clients in the Intelligence Community. Deal terms were not disclosed.
DBi Services announced that it has acquired the assets of TME Enterprises Inc., a provider of transportation and facilities management services in Virginia and Florida. TME employs over 300 people and provides services ranging from DOT right-of-way and facilities management to since activity service contracts for government and commercial clients. DBi is a portfolio company of Sterling Partners. Deal terms were not disclosed.
LLR Partners announced that it has acquired BluVector from Northrop Grumman. BluVector provides a cyber threat detection and hunting platform that defends enterprises against security threats by leveraging its patented machine learning technology and artifical intelligence. BluVector has an installed base of customers including Fortune 1000 companies and public sector agencies. While deal terms were not disclosed, LLR has commited $50 million to BluVector to support future acquisitions and growth plans.
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