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Business/Financial

ManTech Acquiring Government Business Of Kforce, Boosting Federal IT, Health Work

By Cal Biesecker

Friday, March 1st, 2019

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ManTech Acquiring Government Business Of Kforce, Boosting Federal IT, Health Work

Kevin Phillips, chairman, president and CEO of ManTech International. Photo: ManTech

ManTech International [MANT] on Friday said it has agreed to acquire the federal business of staffing and solutions provider Kforce Inc. [KFRC] for $115 million in cash, expanding its presence in the federal civilian information technology and health space. ManTech said that Kforce Government Solutions (KGS) had about $98 million in sales last year and profitability comparable to its own. ManTech expects the acquisition to be slightly accretive to earnings this year. It had nearly $2 billion in sales last…

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