M&A Deal Summary

BigBear Acquires Pangiam

On November 6, 2023, BigBear acquired business services company Pangiam from AE Industrial Partners for 70M USD

Acquisition Highlights
  • This is BigBear’s 1st transaction in the Business Services sector.
  • This is BigBear’s largest (disclosed) transaction.
  • This is BigBear’s 2nd transaction in the United States.
  • This is BigBear’s 1st transaction in Virginia.

M&A Deal Summary
Date 2023-11-06
Target Pangiam
Sector Business Services
Buyer(s) BigBear
Sellers(s) AE Industrial Partners
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Pangiam

McLean, Virginia, United States
Pangiam provides security and travels consulting services to commercial customers across a variety of industries. It offers a fully integrated pre-clearance travel technology architecture to enhance travel security and facilitate a seamless passenger experience. Pangiam is based in Tyson's Corner, Virginia.

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Buyer(S) 1

Buyer

BigBear

Reston, Virginia, United States
Category Company
Sector Information Technology
DESCRIPTION

BigBear, Inc. is a provider of cloud-based, big data, and analytics solutions for government customers, helping them make sense of big data. The Company specializes in big data computing and analytics, cloud computing, artificial intelligence, machine learning, geospatial information systems, data mining, and systems engineering. BigBear is based in Reston, Virginia.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 ProModel

Allentown, Pennsylvania, United States

ProModel is a provider of simulation-based, predictive, and prescriptive analytic decision support solutions. An Autodesk Partner and Microsoft Gold Partner, the company specializes in custom and COTS (Commercial-Off-the shelf) software and services to help organizations optimize processes, policies, and resource decisions to best align with their business strategy. ProModel was founded in 1988 and is based in Allentown, Pennsylvania.

Buy -

Seller(S) 1

SELLER

AE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 5.6B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 12 of 14
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 9 of 10
State (Virginia) 1 of 1
Country (United States) 12 of 14
Year (2023) 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Yingling Aviation

Wichita, Kansas, United States

Yingling Aviation is a provider of maintenance, repair and overhaul (MRO) and fixed-base operator (FBO) services to business aviation and government customers. Yingling Aviation is based in Wichita, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 American Pacific

Cedar City, Utah, United States

American Pacific is a specialty materials manufacturer of critical chemicals for some of the U.S. Government’s most vital military and space programs. The company produces technical materials through proprietary processes for use in missile defense, space launch, pharmaceutical, and fire suppression applications. American Pacific was formed in 1955 and is based in Cedar City, Utah.

Sell $700M
Mergr

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