M&A Deal Summary

General Dynamics Acquires Vangent

On September 30, 2011, General Dynamics acquired business services company Vangent from Veritas Capital for 960M USD

Acquisition Highlights
  • This is General Dynamics’ 1st transaction in the Business Services sector.
  • This is General Dynamics’ 8th largest (disclosed) transaction.
  • This is General Dynamics’ 20th transaction in the United States.
  • This is General Dynamics’ 7th transaction in Virginia.

M&A Deal Summary

Date 2011-09-30
Target Vangent
Sector Business Services
Buyer(s) General Dynamics
Sellers(s) Veritas Capital
Deal Type Add-on Acquisition
Deal Value 960M USD

Target

Vangent

Arlington, Virginia, United States
Vangent, Inc. is a premier provider of Consulting, Systems Integration, Human Capital Management and Business Process Outsourcing services to the U.S. federal and international governments, higher education institutions, student financial aid entities and corporations.

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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 24 of 30
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 21 of 27
State: Virginia M&A 7 of 8
Country: United States M&A 20 of 26
Year: 2011 M&A 4 of 5
Size (of disclosed) 8 of 11
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 Force Protection Industries

Summerville, South Carolina, United States

Force Protection is a manufacturer of armored vehicles. Provides survivability solutions to support the armed forces of the United States and its allies. The company designs, manufactures, tests, delivers and supports its blast- and ballistic-protected products to increase survivability for users.

Buy $360M

Seller(S) 1

SELLER

Veritas Capital

New York, New York, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York, New York.


DEAL STATS #
Overall 8 of 28
Sector: Business Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 6 of 15
State: Virginia M&A 4 of 9
Country: United States M&A 8 of 28
Year: 2011 M&A 1 of 2
Size (of disclosed) 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-29 Excelitas Technologies

Waltham, Massachusetts, United States

Excelitas Technologies is a global provider of photonics technology solutions. The Company’s components, modules and sub-systems enable its customers to develop unique, technology-driven products that serve a broad range of growing end markets. Excelitas’ core capabilities include expertise in detection, optics, illumination and advanced electronics. The Company primarily targets high-growth applications within the life sciences, industrial, semiconductor, consumer and defense and aerospace markets. Excelitas Technologies was founded in 1931 and is based in Waltham, Massachusetts.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 ViaPath Technologies

Falls Church, Virginia, United States

ViaPath Technologies is a provider of telecommunications and technology services to the United States corrections industry. ViaPath Technologies offers innovative product solutions including offender management systems, case management systems, and inmate phone systems. ViaPath Technologies was founded in 1989 and is based in Falls Church, Virginia.

Sell -