M&A Deal Summary

ManTech Acquires Gryphon Technologies

On November 1, 2021, ManTech acquired defense company Gryphon Technologies from AE Industrial Partners for 350M USD

Acquisition Highlights
  • This is ManTech’s 4th transaction in the Defense sector.
  • This is ManTech’s largest (disclosed) transaction.
  • This is ManTech’s 21st transaction in the United States.
  • This is ManTech’s 1st transaction in District of Columbia.

M&A Deal Summary

Date 2021-11-01
Target Gryphon Technologies
Sector Defense
Buyer(s) ManTech
Sellers(s) AE Industrial Partners
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

Gryphon Technologies

Washington, District of Columbia, United States
Gryphon Technologies is a provider specializing in defense systems and integration, naval architecture and marine engineering, program management, test and evaluation, cybersecurity and logistics. Gryphon Technologies was founded in 1997 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

ManTech

Herndon, Virginia, United States

Category Company
Founded 1968
Sector Information Technology
Revenue 2.6B USD (2021)
DESCRIPTION
ManTech office building in Herndon, Virginia.
ManTech office building in Herndon, Virginia.

ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence and federal civilian agencies. It excels in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security. ManTech was formed in 1968 and is based in Herndon, Virginia.


DEAL STATS #
Overall 21 of 23
Sector (Defense) 4 of 4
Type (Add-on Acquisition) 19 of 21
State (District of Columbia) 1 of 1
Country (United States) 21 of 23
Year (2021) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-18 InfoZen

Bethesda, Maryland, United States

InfoZen is a IT solutions provider with domain expertise in modernization, agile / DevOps software development, cloud migration, and threat monitoring and assessment capabilities in support of critical national and homeland security missions. InfoZen has built a strong legacy of successfully delivering next-generation mission IT solutions to transform legacy environments for its customers.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Technical and Management Assistance

Columbia, Maryland, United States

Technical and Management Assistance is a provider of advanced data engineering services and solutions to the U.S. Intelligence Community. Technical and Management Assistance was founded in 2008 is based in Columbia, Maryland.

Buy -

Seller(S) 1

SELLER

AE Industrial Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.2B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 9 of 19
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 6 of 11
State (District of Columbia) 1 of 1
Country (United States) 9 of 19
Year (2021) 3 of 4
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Fire Team Solutions

Reston, Virginia, United States

Fire Team Solutions is a Service-Disabled Veteran-Owned Small Business that delivers a broad range of premier engineering, development, and programmatic services to customers across the Department of Defense and Intelligence community. Fire Team Solutions is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 BigBear.ai

Columbia, Maryland, United States

BigBear.ai provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services. It serves nation defense and intelligence agencies, border protection, transportation security, manufacturing, distribution and logistics, travel, entertainment, and tourism sectors. BigBear.ai was founded in 1988 and is based in Columbia, Maryland.

Sell -