HURST latest 'deal of the week' review, comes from Corporate Finance Manager, Ryan Niblock, who shares his perspective on the Peraton’s $3.4bn acquisition of the Federal IT and Mission Support Division of Nothrop Gruman.
The merger will bring together
Peraton of Herndon, Virginia is backed by the US-based investment firm Veritas Capital. Peraton provide an unrivalled range of trusted technology capabilities, and solutions to support customers’ needs across the intelligence community, Department of defence, federal civil and local governments.
Northrop Gruman provides aerospace and defence technology to government agencies across the world has revenues to $30bn.
Key-points about the deal
Peraton is expected to see significant growth in 2021, as they have recently announced the acquisition of Perspecta, a $4.5bn turnover business providing information technology services to government agencies.
Acquiring the federal IT and mission support division of Northrop and Perspecta, will enable Peraton to expand their service range and become a full-service provider of IT and mission support services.
Veritas Capital, has previously been an investor in Perspecta and has seen the opportunity to create a business providing governments with leading technology solutions. The government technology market has been a key focus area for Veritas since its inception.
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