M&A Deal Summary

Leidos Acquires Gibbs & Cox

On February 23, 2021, Leidos acquired engineering company Gibbs & Cox for 380M USD

Acquisition Highlights
  • This is Leidos’ 1st transaction in the Engineering sector.
  • This is Leidos’ 5th largest (disclosed) transaction.
  • This is Leidos’ 15th transaction in the United States.
  • This is Leidos’ 3rd transaction in Virginia.

M&A Deal Summary
Date 2021-02-23
Target Gibbs & Cox
Sector Engineering
Buyer(s) Leidos
Deal Type Add-on Acquisition
Deal Value 380M USD
Advisor(s) Houlihan Lokey (Financial)
GreenbergTraurig (Legal)

Target

Gibbs & Cox

Arlington, Virginia, United States
Gibbs & Cox is an independent engineering and design firm specializing in naval architecture, marine engineering, management support, and engineering consulting. Gibbs & Cox was founded in 1929 and is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

Leidos

Reston, Virginia, United States
Category Company
Founded 1969
Sector Information Technology
Employees47,000
Revenue 15.4B USD (2023)
DESCRIPTION
Entrance to Leidos' office in Columbia, Maryland.
Entrance to Leidos' office in Columbia, Maryland.

Leidos is a provider of science and technology solutions in the United States. The company delivers solutions and services for data analytics, systems integration, and cybersecurity to the agencies of the U.S. Department of Defense, the intelligence community, and the U.S. Department of Homeland Security, as well as other U.S. Government civil agencies, state and local government agencies, foreign governments, and customers in a range of commercial markets. Leidos was founded in 1969 and is based in Reston, Virginia.

DEAL STATS #
Overall 15 of 17
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 11 of 11
State (Virginia) 3 of 4
Country (United States) 15 of 16
Year (2021) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 1901 Group

Reston, Virginia, United States

1901 Group LLC is a provider of managed IT services to federal agencies and its commercial customers. 1901 Group I3SS Platform has received FedRAMP Moderate certification from the U.S. Government that enables the confidence in security for Federal agencies to trustingly utilize monitoring and managed services. 1901 Group was founded in 1901 and is based in Reston, Virginia.

Buy $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 HawkEye 360

Herndon, Virginia, United States

HawkEye 360 is a provider of geospatial information solutions that will use radio frequency (RF) technology to help monitor global activity across air, land, and sea and assist with emergencies. HawkEye 360 was founded in 2015 and is based in Herndon, Virginia.

Buy -
Mergr

Product

Company

Legal