M&A Deal Summary

Veritas Capital Acquires Arcfield

On September 30, 2021, private equity firm Veritas Capital acquired engineering company Arcfield from Peraton

Acquisition Highlights
  • This is Veritas Capital’s 2nd transaction in the Engineering sector.
  • This is Veritas Capital’s 32nd transaction in the United States.
  • This is Veritas Capital’s 11th transaction in Virginia.

M&A Deal Summary

Date 2021-09-30
Target Arcfield
Sector Engineering
Buyer(s) Veritas Capital
Sellers(s) Peraton
Deal Type Divestiture

Target

Arcfield

Chantilly, Virginia, United States
Arcfield is a provider of full lifecycle, mission-focused systems engineering and integration capabilities to the U.S. Intelligence Community, Department of Defense and other agencies. The company has more than 60 years of proven experience providing advanced engineering and analysis, IT and C5ISR capabilities to support nation’s most critical national security missions. Arcfield is headquartered in Chantilly, Virginia.

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Buyer(S) 1

Buyer

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 32 of 42
Sector: Engineering M&A 2 of 2
Type: Divestiture M&A Deals 16 of 19
State: Virginia M&A 11 of 12
Country: United States M&A 32 of 41
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Alion

McLean, Virginia, United States

Alion provides engineering, information technology, naval architecture, and operational solutions for defense, civilian government, foreign governments, and commercial industries in the United States and internationally. Alion was founded in 2001 and is based in McLean, Virginia.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 athenahealth

Boston, Massachusetts, United States

athenahealth is a provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and live patient communications services. athenahealth was founded in 1997 and is based in Boston, Massachusetts.

Sell $17.0B

Seller(S) 1

SELLER

Peraton

Reston, Virginia, United States

Category Company
Sector Information Technology
DESCRIPTION

Peraton is a provider of technology-focused services and solutions to various federal government agencies, including space, intelligence, defense, civil, and healthcare. Capabilities include complex software and technology services and solutions, and end-to-end mission operations abilities, including software systems development, cyber, modeling & simulation, mission operations, signal intelligence (SIGINT), and quick reaction capabilities (QRC) / research & development. Peraton is based in Reston, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 ViON - Cloud Services Business

Herndon, Virginia, United States

ViON's Cloud Services Business provides an on-prem, cloud-like experience with a platform that enables scale and governance. ViON's Cloud Services Business is based in Herndon, Virginia.

Buy -