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Some M&A deals catch you by surprise. Some make small companies big players. Some move markets. Some do all three.
Washington Technology asked a panel of experts to select the Big Impact deals of 2004 in the government IT services arena. Although the size of the transaction is important, we asked our experts to consider a variety of factors as they ranked the top 10 deals.
- Was the deal unusual? The privately held Argon Engineering Associates Inc., for example, used a reverse merger to become a publicly traded company.
- Did it surprise the market? Dimensions International Inc. and ITS Services Inc. each took a big bite by acquiring companies of roughly their own size.
- Does it create a significant new competitor? Many of our top 10 transactions did just that.
Here is Washington Technology’s inaugural list of Big Impact deals.
| 1 |
BAE Systems North America Inc. buys DigitalNet Holdings Inc. | |
| 2 |
CGI Group Inc. and CACI International Inc. buy American Management Systems Inc. |
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| 3 |
Veritas Capital Fund II LP buys McNeil Technologies Inc. |
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4 |
SI International Inc. buys Matcom International Corp. |
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| 5 |
ITS Services Inc. buys Science & Engineering Associates Inc. | |
| 6 |
Argon Engineering Associates Inc. buys SenSyTech Inc. |
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| 7 |
QinetiQ Group Plc. buys Foster-Miller Inc. and Westar Aerospace & Defense Group Inc. |
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8 |
PEC Solutions Inc. buys AC Technologies Inc. |
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9 |
Harris Corp. buys Orkand Corp. |
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| 10 |
Dimensions International Inc. buys Sentel Corp. | |
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Cover Story
2004 M & A List
Panel of Experts
John Allen, Windsor Group LLC;
Don Blair, Raymond James & Associates Inc.;
Craig Chason, ShawPittman LLP;
Kerry Hall, Grant Thornton LLP;
Bob Kipps, Houlihan Lokey Howard & Zukin;
Jon Kutler, Jeffries Quarterdeck;
Paul Lombardi, INpower;
Mark Moore, Longstreet Partners LLC;
Tom Peltier, Legg Mason Wood Walker Inc.;
Rob Rubin, Aronson Capital Partners LLC;
Paul Serotkin, Minuteman Ventures LLC.
More on this report:
Big
deals
Mergers and Acquisitions – 2004 Roundup
How many people does it take to complete an acquisition?
With BB&T deal, Windsor sees both sides now
Lockheed-Titan: Lessons from a deal gone awry
Market Watch: Will 2005 surpass 2004 as best M&A market ever?
Survival Guide: Perspectives from the field
WebExtra! How to move from letter of intent to M&A success
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