Archive: Mergers and Acquisitions

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Larry Davis Spoke on an Expert Mergers & Acquisitions Panel

Larry Davis, managing partner of Aronson LLC and partner of Aronson Capital Partners spoke on a panel of Mergers & Acquisitions experts at the Tower Club on Wednesday 3/13. It takes three to five years to successfully plan and execute an exit! An audience including C-Level government contractor executives gained significant insight from this panel of […]

Disaster at Kraft: What Purchase Price Allocations and Goodwill Impairment Can Teach Us about M&A Gone Wrong

On February 22, 2019, investors woke up to a shocking 27% decline at the opening bell of the stock price of The Kraft Heinz Company (Nasdaq:KHC). Overnight, the market capitalization of Kraft dropped $15.9 billion, from $58.8 billion to $43.0 billion. The sell-off was a result of Kraft Heinz’s announcement of fourth quarter and full […]

Q3 2015 M&A Market Update: M&A Activity Continues Steady Pace

M&A activity in 2015 has continued at a steady pace, driven primarily by divestures and spin-offs of non-core or lower margin divisions from large primes, and strong participation from private equity sponsors that are adding to existing platforms and acquiring new targets. The combination of these factors is expected to realign the market and create […]

Aronson Capital Partners Advises TATE, Inc. on its Sale to CENTRA Technology, Inc.

Washington Area Investment Bank Represents Personnel Security Training Firm Rockville, MD.  January 2, 2015. — Aronson Capital Partners (“ACP”) is pleased to announce the acquisition of TATE, Incorporated (“TATE” or the “Company”) by CENTRA Technology, Inc.  The transaction expands CENTRA’s training and technical solutions for high risk personnel of the United States Military, Intelligence, Law […]

Aronson Capital Partners Advises the Sale of KSSI to Vistronix

Vistronix closed its second acquisition this week, adding Kimmich Software Systems Inc. to expand its work with the U.S. intelligence community. The acquisition is the second in just two days for Vistronix, which on Wednesday acquired NetCentric Technology, a company with big data, cyber and cloud computing skills. Terms of the acquisition of Kimmich, which […]

Building Shareholder Value in Today's Defense and Government Services Market

Free Webinar, October 31, 2013, 10:00 am   Please join Aronson Capital Partners on October 31st for a webinar that covers the current state of the defense and government services M&A market and ways for management teams to build shareholder value in advance of an exit. The current budgetary environment has created new challenges and opportunities […]
October 21, 2013
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  • Aronson Capital Partners

Government Services Index Rebounds After Sequestration Overcorrection

Over the past four years, valuations in the government services market have been subject to a roller coaster ride marked by significant drops and quick rebounds in response to a variety of federal budget uncertainty manifestations, including threats of insourcing, continuing resolutions, and sequestration. When discussing today’s government services market, the most frequent topics of […]

Strategic Alternatives – Leveraged ESOP Transactions

As M&A valuations have declined for the majority of the Defense and Government Services market over the past five years, the adoption of Employee Stock Ownership Plans (“ESOPs”) is becoming a more viable partial exit strategy. Many business owners who are exploring a near term liquidity event are looking to ESOP transactions if an M&A […]

Mergers & Acquisitions: Who Gets the Employee Compensation Deduction?

What is more precious than the workforce that you have trained and nurtured over the years? Quite often, human capital-related tax issues stemming from ill-advised structuring and planning strategies create employee resentment.  This resentment can jeopardize employee goodwill and loyalty, affecting the overall long-term stability of your business model. As the saying goes, “you are […]

Industry Trends: Discretionary Spending Down, Profit Margins Up – Read more!

Deltek releases GovConClarity Industry Trends this week, confirming our observation of trends over the past year. Highlights from the survey are: Overall pool of available dollars for discretionary spending is down 4%. There are a few growth sectors – Energy/Conservation, Budget Streamline Processes for the Government; Healthcare; and, of course, Cyber. In general, it appears […]