J.F. Lehman & Company announced that it has acquired San Diego, California-based American Scaffold, a provider of scaffolding systems and environmental solutions to the US government.  The company employs approximately 300 people across the country.
 
Deal terms were not disclosed.  Blank Rome LLP and Jones Day were legal advisors to J.F. Lehman.  Parallax Equity Partners was the advisor to American Scaffold.

​Vishay Precision Group Inc. announced that it has agreed to acquire Concord, California-based Pacific Instruments Inc., a provider of high-performance data acquisition systems used by aerospace and vehicle companies, government-funded research agencies and the military.  Precision Group generated average net revenues of $9 million and EBITDA of $2.8 million over the past two years.  The purchase price is approximately $11 million. 

CenturyLink Inc. announced that it has acquired netAura LLC, a Herndon, Virginia-based company that specializes in engineering, developing and consulting on managed security technologies to both commercial and government clients including DHS and DoJ.  Since the company was founded in 2011, netAura has provided cybersecurity, security information and event management (SIEM), analytics and vulnerability management.  

This is an interesting acquisition for CenturyLink which primarily provides telecom and data services to residential and business customers.  According to the press release: “The acquisition further validates CenturyLink's commitment to IT services. Last month the company announced its enhanced Managed Security Services Suite, which helps organizations ease the burden of having to manage security in-house. The fully managed platform is designed to be the backbone for an organization's security services, including preventing, mitigating and responding to cyberattacks.”

Deal terms were not disclosed but we’ll see what we can uncover regarding the price in the CenturyLink’s next quarterly filing.

NTT DATA Inc. announced that it has agreed to acquire Dell Services from Dell Inc. in a deal worth $3.05 billion.  Dell originally acquired the business, which was previously known as Perot Systems, for $3.9 billion in 2009.  The business provides technology services including infrastructure services, cloud services, application services, and business process outsourcing to commercial and government clients.  Dell is selling the business in order to reduce its debt-load from its pending acquisition of EMC.

General Atomics has completed its acquisition of Miltec Corp. from Ducommun Inc.  The $14.6 million deal was first announced last month.  Miltec had 2015 revenues of $28.2 million and provides engineering, technical and program management services to the DoD and Intel agencies.

Sirius Computer Solutions Inc. announced that it has entered into an agreement to acquire Force 3, a provider of network security services to the Federal government.  Force 3 has approximately 170 employees and holds various contract vehicles including GSA Schedule 70 and PSS, NETCENTS-2, SEWP V, NIH ECS III, and CIO-CS.  The company’s solutions include network security, access control, vulnerability management, security event management, software-defined networking, secure collaboration, enterprise infrastructure, and data centers.

The deal is expected to close on March 31.  Post-closing, Force 3 will continue to operate as a separate legal and retain its name.  Aronson Capital Partners is the financial advisor to Force 3.  

Mercury Systems Inc. announced that it has entered into an agreement to acquire the embedded security, RF and microwave, and custom microelectronics businesses of Microsemi Corporation.  The businesses primarily serve the defense electronics markets and generated a combined revenue of approximately $100 million and adjusted EBITDA of approximately $28 million for the twelve-month period ending September 27, 2015.  

Mark Aslett, President and CEO of Mercury states: “The transaction adds secure solid-state storage to our array of industry-leading, pre-integrated processing subsystems capabilities. It nearly doubles the size of our RF and Microwave business, adding new capabilities, scale and synergies. In addition, it provides us with new capabilities in embedded security and mixed signal system-on-chip processing. All these capabilities are highly aligned with our business from a strategic perspective, so there couldn’t be a better fit with our existing strategy and solutions portfolio.”

The purchase price is $300 million, however, there is approximately $10 million of transactional tax benefits which lowers the effective purchase price.  The deal is expected to close during Mercury's fourth quarter ending June 30, 2016.

Airbus Group SE announced that it has agreed to sell its defense electronics business to private equity firm KKR for €1.1 billion.  Based in Ulm, Germany and with annual revenues of approximately €1 billion, the defense electronics business provides mission-critical sensors, integrated systems and services for the defense and security markets.  Airbus may retain a minority stake in the business.  The deal is expected to close in the first quarter of next year.   

OpSec Security announced that it has agreed to acquire the security business of API Holographics based in Salford, UK.  The business provides holographic security products used to protect passports and ID documents, tax stamps, government documents, vehicle licensing, checks, certificates, vouchers, and tickets.  The deal is expected to closed in early April.   

IBM announced that it has acquired UK-based Optevia, a SaaS systems integrator focused on Microsoft Dynamics CRM solutions for public sector clients including ministries, councils, regulators, licensing and grant management organizations, transport authorities and social housing organizations.  

According to the press release, “The acquisition will allow IBM to scale Optevia’s solutions across other areas worldwide, where Optevia's software, assets and highly skilled, industry-focused workforce, coupled with their expertise will significantly increase IBM’s current capabilities.”

Deal terms were not disclosed.