M&A Deal Summary

Amentum Acquires DynCorp International

On September 24, 2020, Amentum acquired business services company DynCorp International from Cerberus Capital Management

Acquisition Highlights
  • This is Amentum’s 1st transaction in the Business Services sector.
  • This is Amentum’s 1st transaction in the United States.
  • This is Amentum’s 1st transaction in Virginia.

M&A Deal Summary

Date 2020-09-24
Target DynCorp International
Sector Business Services
Buyer(s) Amentum
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Advisor(s) Citi
Morgan Stanley (Financial)
Schulte Roth & Zabel (Legal)

Target

DynCorp International

McLean, Virginia, United States
DynCorp International is a global government services provider in support of U.S. national security and foreign policy objectives, delivering support solutions for defense, diplomacy, and international development. DynCorp International operates major programs in logistics, platform support, contingency operations, and training and mentoring to reinforce security, community stability, and the rule of law. DynCorp International was formed in 1951 and is headquartered in McLean, Virginia.

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Buyer(S) 1

Buyer

Amentum

Chantilly, Virginia, United States

Category Company
Sector Engineering
Employees19,000
DESCRIPTION

Amentum is a contractor to the U.S. federal government and select allied national governments, supporting programs of critical national significance across defense, security and intelligence, energy, and environmental cleanup. Amentum previously operated as the Management Services segment within AECOM. Amentum is based in Chantilly, Virginia.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Virginia M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 PAE

Falls Church, Virginia, United States

PAE is a provider of support for the essential missions of the U.S. government, its allied partners, and international organizations. With over 60 years of experience, the company supports the execution of complex and critical missions by providing global logistics and stability operations, technical services and national security solutions to customers around the world. PAE was formed in 1955 and is based in Falls Church, Virginia.

Buy $1.9B

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 47 of 57
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 23 of 29
State: Virginia M&A 3 of 3
Country: United States M&A 32 of 39
Year: 2020 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-15 School Specialty

Greenville, Wisconsin, United States

School Specialty is a provider of online educational products and services to the Pre-K- 12th grade market in the U.S. and Canada. The company designs, manufactures and distributes a broad assortment of furniture & equipment, educational technology, general and specialty classroom supplies, facility supplies, safety and security products, and core and supplemental curriculum for science, math and English language arts. School Specialty was founded in 1959 and is based in Greenville, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 NDX

Palm Beach Gardens, Massachusetts, United States

NDX is an operator of dental laboratories. NDX serves an active customer base of over 28,000 dentists through our 42 full service laboratories and 4 branches located in 28 states and one Canadian Province. NDX was founded in 1982 and Palm Beach Gardens, Florida.

Buy -