M&A Deal Summary

General Dynamics Acquires Anteon International

On June 7, 2006, General Dynamics acquired information technology company Anteon International from CI Capital Partners and CoVant Management for 2.2B USD

Acquisition Highlights
  • This is General Dynamics’ 5th transaction in the Information Technology sector.
  • This is General Dynamics’ 3rd largest (disclosed) transaction.
  • This is General Dynamics’ 14th transaction in the United States.
  • This is General Dynamics’ 5th transaction in Virginia.

M&A Deal Summary

Date 2006-06-07
Target Anteon International
Sector Information Technology
Buyer(s) General Dynamics
Sellers(s) CI Capital Partners
CoVant Management
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

Anteon International

Fairfax, Virginia, United States
Anteon International Corp. is an information technology, and systems engineering and integration company, providing support to the U.S. federal government. The company's operations focused on design, integration, maintenance and upgrades of state-of-the-art systems for national defense, intelligence, emergency response and other high priority civilian and military government missions.

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Buyer(S) 1

Buyer

General Dynamics

Reston, Virginia, United States

Category Company
Founded 1899
Sector Defense
Employees100,000
Revenue 42.3B USD (2023)
DESCRIPTION
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Reston, Virginia.


DEAL STATS #
Overall 16 of 30
Sector (Information Technology) 5 of 8
Type (Add-on Acquisition) 13 of 27
State (Virginia) 5 of 8
Country (United States) 14 of 26
Year (2006) 2 of 2
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-23 SNC Technologies

Le Gardeur, Quebec, Canada

SNC Technologies, Inc. is an ammunition system integrator that supplies small-, medium- and large-caliber ammunition and related products to the Canadian Forces, other national defense customers and law enforcement agencies around the world.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-15 Mediaware International Pty

Canberra, Australia

Mediaware International Pty Ltd., a developer of real-time full-motion compressed digital video processing software and systems for defense, intelligence and commercial customers.

Buy -

Seller(S) 2

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 4 of 27
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Virginia) 1 of 2
Country (United States) 2 of 24
Year (2006) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-01 Ply Gem Industries

Cary, North Carolina, United States

Ply Gem Industries, Inc. is a manufacturer of building products in North America. Number one in vinyl siding and in vinyl and aluminum windows, Ply Gem produces a comprehensive product line of windows and patio doors, vinyl and aluminum siding and accessories, designer accents, cellular PVC trim and mouldings, vinyl fencing and railing, stone veneer, roofing and gutterware products, used in both new construction and home repair and remodeling across the United States and Canada.

Buy $560M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 ARS

Memphis, Tennessee, United States

ARS is a provider of heating and air conditioning (HVAC) and plumbing services nationwide. ARS primarily serves homeowners in need of emergency repair and replacement services for heating, air conditioning, energy efficiency, plumbing, drain cleaning and sewer lines. It operates under two well-known national brands, ARS and Rescue Rooter, as well as through trusted local brands in select markets. ARS was founded in 1995 and is based in Memphis, Tennessee.

Buy -
DESCRIPTION

CoVant is a private investment group that generally looks to partner with management and other sponsors to pursue divestitures and buyout opportunities across the US. The Firm was formed in 2007 and is headquartered in McLean, Virginia.


DEAL STATS #
Overall 1 of 4
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Virginia) 1 of 3
Country (United States) 1 of 4
Year (2006) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Anteon International

Fairfax, Virginia, United States

Anteon International Corp. is an information technology, and systems engineering and integration company, providing support to the U.S. federal government. The company's operations focused on design, integration, maintenance and upgrades of state-of-the-art systems for national defense, intelligence, emergency response and other high priority civilian and military government missions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-05 A-T Solutions

Vienna, Virginia, United States

A-T Solutions is a provider of national security and counter-terrorism services to the U.S. department of defense, state department, department of homeland security and the intelligence community.

Buy -