VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the IT Government Contracting industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Read the full report: IT Government Contracting: March 2018
Past Industry Updates:
March 2018 Industry Highlights
- Consolidation continues. On February 12 General Dynamics’ agreement to acquire CSRA in a transaction valued $9.6 billion was announced. After a subsequent bid by CACI, GD raised its offer by 50 cents per share and is expected to close shortly. The deal follows other scale building transactions including Leidos/Lockheed’s IS&GS business, CACI/NSS, SAIC/Scitor and Engility/TASC. At the same time GD is expanding its services business, others large primes have exited, most notably Lockheed, Harris and L3.
- In October, ending months of speculation, a spinoff was announced for DXC’s public sector business with a subsequent merger with Veritas portfolio companies Vencore and KeyPoint Government Solutions into an entity, Perspecta. The new company, a top five government services firm, is expected to debut in May. DXC shareholders will own 86 percent of the combined entity and Veritas, 14 percent.
- Read the full March 2018 report here.