M&A Deal Summary

General Dynamics Acquires Network Connectivity Solutions

On July 18, 2011, General Dynamics acquired information technology company Network Connectivity Solutions

Acquisition Highlights
  • This is General Dynamics’ 6th transaction in the Information Technology sector.
  • This is General Dynamics’ 18th transaction in the United States.
  • This is General Dynamics’ 1st transaction in Maryland.

M&A Deal Summary

Date 2011-07-18
Target Network Connectivity Solutions
Sector Information Technology
Buyer(s) General Dynamics
Deal Type Add-on Acquisition
Advisor(s) The McLean Group (Financial)

Target

Network Connectivity Solutions

Hagerstown, Maryland, United States
NETCONN provides enterprise information technology (IT) services to the Defense Information Systems Agency (DISA) and other DoD agencies. NETCONN supports net-centric IT operations, including data center infrastructure, value engineering, information assurance and edge computing. The company is based in Hagerstown, Md., and has approximately 160 employees.

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Buyer(S) 1

Buyer

General Dynamics

Reston, Virginia, United States

Category Company
Founded 1899
Sector Defense
Employees117,000
Revenue 47.7B USD (2024)
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 22 of 30
Sector: Information Technology M&A 6 of 8
Type: Add-on Acquisition M&A Deals 19 of 27
State: Maryland M&A 1 of 2
Country: United States M&A 18 of 26
Year: 2011 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-14 Fortress Technologies

Westford, Massachusetts, United States

Fortress Technologies, Inc. is a provider of wireless security products for enterprise networks. The Fortress security system leverages a combination of advanced wireless security technology and a robust processing architecture to deliver security services, networking services, policy management and monitoring that creates a more inherently secure enterprise network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-21 Metro Machine

Norfolk, Virginia, United States

Metro Machine Corp. is an East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. Metro Machine operates a Norfolk shipyard which includes the docks and warehouses of the Imperial Tobacco Company and the property of the former Old Dominion Shipyard located in the Berkley Section of Norfolk. This facility was progressively upgraded by the addition of machinery and equipment to provide modern facilities.

Buy -