Deal Details

ManTech Technical Advisory Services Programs Sale to SPA

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Summary

About

The DARPA, OSD, and select NRO Technical Advisory Services programs have supported national security customers for more than three decades delivering highly specialized research and development driven solutions to address mission needs. ManTech’s divestiture aligns with the company’s strategy to accelerate innovation and mission performance in high-end cyber, AI, engineering, and emerging technology domains across their Defense, Intelligence, and Federal Civilian Sectors.

SPA’s acquisition of the Business illustrates the following buyer priorities in Defense & Government M&A: (1) pure-play strategies in highly-specialized systems engineering and technical advisory services supporting marquee customers; and (2) continued private equity buy & build investments in the Defense & Government sector.

ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence, and Federal Civilian agencies. In business for more than 55 years, ManTech is a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering, and software application development solutions that support national and homeland security. ManTech is headquartered in Herndon, Virginia.

Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $426 billion of assets under management as of December 31, 2023, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs nearly 2,200 people in 28 offices across four continents. Carlyle is headquartered in Washington, D.C.

SPA is a premier global provider of innovative solutions in support of complex national security programs and defense priorities with a heritage spanning more than 50 years. With over 2,000 professionals, SPA’s employees are subject matter experts in numerous domains, including Land, Undersea, Surface, and Air Warfare Operations; Intelligence Community, Radar, and Sensor Systems; Unmanned Systems and Counter Systems; Defense Industrial Base and Economic Security; Space Systems; Ballistic Missile Systems; Cybersecurity Analysis and Policy; and Hypersonics. SPA is headquartered in Alexandria, Virginia.

ACP is a Washington, D.C. area private investment firm specializing in government regulated industries. The firm partners with founders and management teams to build strategically important businesses in the aerospace and defense, government services and technology, and healthcare sectors. Since its inception in 1999, Arlington has invested in over 150 companies and is currently investing out of its $3.8 billion Fund VI. ACP is headquartered in Bethesda, Maryland.

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