:

Business/Financial

H.I.G. Capital Taking NCI Private In $283 Million Acquisition

By Cal Biesecker

Monday, July 3rd, 2017

SHARE:

H.I.G. Capital Taking NCI Private In $283 Million Acquisition

Paul Dillahay, president and CEO of NCI, Inc. Photo: NCI.

Federal information technology (IT) services provider NCI, Inc. [NCIT] on Monday said it has agreed to be acquired by the private equity firm H.I.G. Capital in a $283 million cash acquisition.NCI said the acquisition will allow it to speed up its growth plans.“This partnership with H.I.G. Capital will offer NCI an opportunity to accelerate our growth strategy, enhance our delivery of premier solutions to our customers, including the use of artificial intelligence and agile software development to increase the speed,…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]