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Private Equity Firm Ares To Acquire GTEC

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The private equity firm Ares Management LLC last Thursday said it has agreed to acquire Global Defense Technology & Systems, Inc. [GTEC] in a deal valued at $315 million, adding to its portfolio a provider of software and information technology services and solutions to the federal government. The deal includes a $24.25 cash tender offer for GTEC's shares, which represents a 51 percent premium over GTEC's closing stock price last Wednesday, and the assumption of debt prior to expenses. The…

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Contract Updates

UPDATE: Affirmative Solutions LLC (Cheyenne, Wyoming (SPE2DE-26-D-0003) – $49,500,000)

UPDATE: Affirmative Solutions LLC,** Cheyenne, Wyoming (SPE2DE-26-D-0003, $49,500,000) has been added as an awardee to the multiple award contract for medical and surgical supplies for the Defense Logistics Agency Electronic Catalog, issued against solicitation SPE2DE-22-R-0017/SPE2DE-26-R-0003 and awarded Sept. 28, 2023. 

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