M&A Deal Summary

Perspecta Acquires KeyPoint Government Solutions

On October 11, 2017, Perspecta acquired defense company KeyPoint Government Solutions from Veritas Capital and Manulife Investment Management

Acquisition Highlights
  • This is Perspecta’s 1st transaction in the Defense sector.
  • This is Perspecta’s 2nd transaction in the United States.
  • This is Perspecta’s 1st transaction in Colorado.

M&A Deal Summary
Date 2017-10-11
Target KeyPoint Government Solutions
Sector Defense
Buyer(s) Perspecta
Sellers(s) Veritas Capital
Manulife Investment Management
Deal Type Merger

Target

KeyPoint Government Solutions

Loveland, Colorado, United States
KeyPoint Government Solutions is a mission-critical provider of specialized investigative services to a broad range of U.S. Federal Government organizations spanning the civilian, defense and intelligence sectors.

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Buyer(S) 1

Buyer

Perspecta

Chantilly, Virginia, United States
Category Company
Sector Information Technology
Employees14,300
Revenue 4.5B USD (2020)
DESCRIPTION

Perspecta, Inc. is a provider of high impact, analytical and technical expertise in the areas of data analytics, system engineering, and integration and cyber security for the U.S. Government and commercial customers. Perspecta is based in Chantilly, Virginia.

DEAL STATS #
Overall 2 of 3
Sector (Defense) 1 of 1
Type (Merger) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 DXC Technology - U.S. Public Sector Business

Virginia, United States

DXC Technology Co. - U.S. Public Sector Business is a provider of end-to-end IT services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 DHPC Technologies

Woodbridge, New Jersey, United States

DHPC Technologies, Inc. is a developer of innovative electronic warfare (EW) technologies in support of both air and ground weapon platforms. DHPC Technologies provides the requisite engineering, technical services, and program management skills to successfully deliver the best value services and solutions to customers across the domestic military spectrum. DHPC Technologies was founded in 1992 and is based in Woodbridge, New Jersey.

Buy -

Seller(S) 2

SELLER

Veritas Capital

New York, New York, United States
Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B 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 City.

DEAL STATS #
Overall 14 of 27
Sector (Defense) 1 of 1
Type (Merger) 1 of 3
State (Colorado) 1 of 1
Country (United States) 14 of 27
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-22 Perspecta

Chantilly, Virginia, United States

Perspecta, Inc. is a provider of high impact, analytical and technical expertise in the areas of data analytics, system engineering, and integration and cyber security for the U.S. Government and commercial customers. Perspecta is based in Chantilly, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 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.

Sell -
SELLER

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.

DEAL STATS #
Overall 11 of 19
Sector (Defense) 1 of 1
Type (Merger) 2 of 2
State (Colorado) 1 of 1
Country (United States) 11 of 18
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 Creative Foam

Fenton, Michigan, United States

Creative Foam is a manufacturer and supplier of custom-engineered die-cut, formed foam, nonwoven, and multi-material component solutions to the automotive, medical, and wind energy markets. Creative Foam was founded in 1969 and is based in Fenton, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Eddy Packing Company

Yoakum, Texas, United States

Eddy Packing Company is a broadly diversified, premier processor of beef, pork, and poultry products. The Company offers a complete line of fully cooked, marinated, cured, fresh, and frozen meat products, such as smoked sausage, fajita meat, pulled beef/pork/chicken, ribs, pork chops/loins, chicken breast, brisket, and other meat products. Eddy Packing was founded in 1953 and is based in Yoakum, Texas.

Sell -
Mergr

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