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ManTech To Acquire Federal IT Solutions Provider InfoZen

Cal Biesecker By
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ManTech To Acquire Federal IT Solutions Provider InfoZen

ManTech International [MANT] on Monday said it has agreed to acquire InfoZen for $180 million in cash in a deal that expands customer base with the Department of Homeland Security (DHS) with information technology (IT) solutions.ManTech said it will fund the deal with cash on hand and from its existing credit line. The acquisition is expected to close in October subject to regulatory approvals. ManTech expects the deal to be slightly accretive to its earnings in 2017.InfoZen, which has core…

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