The Deals Keep Coming

Washington Technology came out with its annual ranking of top M&A deals this week. Despite the downturned economy, the publication reported there were 77 deals in the government contracting community in 2009, down just 11 from 2008. While the number of deals was not fully reflective of the economy, the type of M&A activity highlighted is indicative of the times.

Deloitte’s acquisition of Bearing Point’s government business, named best mid-market deal, was the most direct reflection on the economy. Northrop Gumman’s sale of its TASC unit to private equity firms General Atlantic and Kohlberg Kravis Roberts was named best overall deal. Northorp was forced to sell TASC due to organizational conflicts of interest. Deals like this may grow in the coming years as the administration is taking a strong look at large integrators and conflicts within their numerous operating units. The feature also points out this deal marked the entrance of General Atlantic and Kohlberg Kravis Roberts onto the Washington equity scene, a sign of more deals to come?

Read the full coverage here and let us know what you think about their picks.

-Piper Conrad