VISTA Technology Services Inc. announced that it has acquired General Scientific Corporation (GSC), a minority owned small business with a strong presence in Naval Sea Systems Command (NAVSEA).  GSC's capabilities include anti-submarine warfare, acoustic processors, mine warfare, logistics, asset management, earned value management and technical support services.  Deal terms were not disclosed.  

Belcan LLC, a portfolio company of AE Industrial Partners LLC, announced that it has agreed to acquire Schafer Corporation from Metalmark Capital Partners.  The deal is expected to close in the second quarter of 2017.  With more than 400 employees worldwide, Schafer provides scientific, engineering, and technical services to military and civil government agencies.  The company has specific expertise in CBRNE, space systems, air and defense, micro materials, and cybersecurity.     

PricewaterhouseCoopers LLC served as financial advisor to Belcan and AE Industrial Partners while Raymond James & Associates advised Schafer and Metalmark Capital.  Deal terms were not disclosed.

Huntington Ingalls Industries announced that it has agreed to acquire Camber Corporation for $380 million, including $25 million in tax benefits.  Camber is a $364 million revenue provider of IT and technical services including agile software, network engineering, modeling simulation and training, unmanned systems, systems engineering, and data analytics.  Camber's customers include the US Navy, US Army, Administrative Office of the United States Courts, US Postal Service, and the Intelligence Community.  The company has approximately 1,100 employees and backlog of approximately $800 million.  The deal is expected to close in late 2016.   

KBR Inc. announced that it has agreed to acquire Honeywell Technology Solutions Inc. (HTSI) from Honeywell International Inc. for $300 million, or $266 million after adjusting for approximately $34 million in acquired tax benefits.  With annual revenues of approximately $600 million and EBITDA of approximately $42 million, HTSI provides technical and mission support services including logistics, cyber security, and physical security to government clients such as NASA, the DoD, and the US Intelligence Community.  

40 percent of HTSI’s 3,550 employees hold security clearances.  75 percent of HTSI’s contracts are cost reimbursable and the business has current backlog of approximately $900 million ($536 million funded and $364 million unfunded).  HTSI will be integrated into KBRwyle, a subsidiary of KBR that was formed earlier this year with the acquisition of Wyle Inc.  KBR projects $85 million of annual revenue synergies by 2021.

The deal is projected to close during the late third quarter or early fourth quarter of 2016.

KBR Inc. announced that it has completed its acquisition of Wyle Inc. for an enterprise value of $570 million (after adjustments for approximately $30 million of acquired tax benefits).  Wyle will be rebranded KBRwyle and become a business unit withing KBR's Government Services segment.  The acquisition will expan KBR's government services offerings to include R&D, testing, engineering, logistics, deployed operations, and life-cycle sustainment.  The combined company has approximately 25,800 employees and $2 billion in government services revenue.  KBR expects the deal to be accretive to EPS in the first year.  

KBR Inc. announced that it has agreed to acquire Wyle Inc., a provider of specialized engineering, professional, scientific and technical services to the US government.  With over 3,800 employees, Wyle has domain expertise in systems and sustainment engineering, program and acquisition management, life science research, space medical operations, IT and testing and evaluation of aircraft, systems, and networks.  The business generated 2015 revenue and adjusted EBITDA of $836 million and $67 million respectively, and currently has approximately $440 million of funded backlog and $1.1 billion of unfunded backlog.
 
The purchase price is $570 million after adjusting for approximately $30 million of tax benefits, resulting in enterprise value multiples of 0.7x (2015 revenue) and 8.5x (2015 EBITDA).  The deal is expected  to close in the third quarter of 2016.

​National Testing Systems Inc. (NTS) announced that it has acquired Chesapeake Testing Services.  Based in Belcamp, Maryland, Chesapeake is an accredited testing provider for ballistic and armor protection systems, as well as environmental conditioning, mechanical testing, forced-entry testing, and non-destructive X-ray and CT testing.  NTS is a portfolio company of Aurora Capital Group.  Deal terms were not disclosed.

Transcat Inc. announced that it has acquired Excalibur Engineering Inc. for $7.35 million.  Based in Irvine, California, Excalibur is a Veteran Owned business that provides calibration services with a concentration on high-end electronics including RF and microwave, and rental and sales of test equipment.  The company has annual revenues of approximately $8 million.  

Teledyne Technologies Inc. announced that it has acquired Frontline Test Equipment Inc., a Charlottesville, Virginia-based provider of electronic test and measurement instrumentation and wireless protocol analysis test tools.  Deal terms were not disclosed.

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.