M&A Deal Summary

Leidos Acquires 1901 Group

On December 10, 2020, Leidos acquired information technology company 1901 Group from Enlightenment Capital for 215M USD

Acquisition Highlights
  • This is Leidos’ 6th transaction in the Information Technology sector.
  • This is Leidos’ 6th largest (disclosed) transaction.
  • This is Leidos’ 14th transaction in the United States.
  • This is Leidos’ 2nd transaction in Virginia.

M&A Deal Summary
Date 2020-12-10
Target 1901 Group
Sector Information Technology
Buyer(s) Leidos
Sellers(s) Enlightenment Capital
Deal Type Add-on Acquisition
Deal Value 215M USD
Advisor(s) Pillsbury Winthrop Shaw Pittman (Legal)

Target

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.

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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 14 of 17
Sector (Information Technology) 6 of 7
Type (Add-on Acquisition) 10 of 11
State (Virginia) 2 of 4
Country (United States) 14 of 16
Year (2020) 2 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 L3Harris Technologies - Security Detection and Automation Business

Tewksbury, Massachusetts, United States

L3Harris' Security Detection and Automation businesses provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products. With headquarters in Tewksbury, Mass. and Luton, England, the combined businesses have 1,200 employees and a global sales and services operations footprint with more than 20,000 systems deployed world-wide across more than 100 countries.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 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.

Buy $380M

Seller(S) 1

SELLER

Enlightenment Capital

Chevy Chase, Maryland, United States
Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enlightenment Capital is a private investment firm that provides flexible capital solutions and strategic support to middle-market businesses in the Aerospace, Defense, Government & Technology (ADG&T) sector. The firm invests in equity (minority and control), senior debt, and mezzanine debt. Enlightenment Capital was founded in 2012 and is headquartered in Chevy Chase, Maryland.

DEAL STATS #
Overall 10 of 17
Sector (Information Technology) 4 of 7
Type (Add-on Acquisition) 6 of 12
State (Virginia) 5 of 9
Country (United States) 10 of 17
Year (2020) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Telos

Ashburn, Virginia, United States

Telos empowers and protects security-conscious organizations with solutions and services for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions and services for IT risk management and information security; secure mobility to protect globally connected organizations; and identity management to establish trust in personnel and continuously monitor for insider threats. Telos was founded in 1968 and is based in Ashburn, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Aeyon

Vienna, Virginia, United States

Aeyon is a provider of Robotic Process Automation (RPA), data analytics, program management, and management consulting services to support large-scale acquisition programs of the Federal Government. Aeyon was founded in 2011 and is based in Vienna, Virginia.

Buy -
Mergr

Product

Company

Legal