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Business/Financial

H.I.G. Capital’s Pending Acquisition Of NCI Clears Government Hurdle

By Cal Biesecker

Monday, July 31st, 2017

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H.I.G. Capital’s Pending Acquisition Of NCI Clears Government Hurdle

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

NCI, Inc. [NCIT] on Monday said its pending sale to the private equity firm H.I.G. Capital has been granted early termination of the waiting period required under the Hart-Scott-Rodino antitrust law, clearing one condition of the acquisition.H.I.G. in early July agreed to acquire NCI for $283 million in cash. NCI, a federal information technology services provider, said the acquisition will accelerate its growth plans.H.I.G. is paying $20 per share for NCI. The tender offer is currently set to expire on…

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