BigBear.ai Completes Business Combination With GigCapital4

BigBear.ai Acquires ProModel Corporation

April 11, 2022

Software

BigBear.ai (NYSE: BBAI) has acquired ProModel Corporation, a provider of simulation-based predictive analytics software for manufacturing, healthcare, shipbuilding and other industries. The acquisition advances BigBear.ai’s commercial growth strategy by adding ProModel’s modeling applications, customers and channel relationships to expand capabilities in operational AI and accelerate market penetration.

NuWave Solutions Acquires BigBear Inc.

December 3, 2020

Data & Analytics

NuWave Solutions has acquired BigBear Inc., a San Diego–based provider of cloud-based big data analytics, AI and geospatial solutions for the U.S. national security community. The acquisition — NuWave's first since being acquired by private equity firm AE Industrial Partners earlier in 2020 — expands NuWave's data analytics, AI and cloud capabilities to better serve federal defense and intelligence customers. Terms were not disclosed.

BigBear.ai to Acquire Pangiam for Approximately $70M

November 6, 2023

AI & Machine Learning

BigBear.ai has signed a definitive merger agreement to acquire Pangiam (Pangiam Intermediate Holdings, LLC) in an all-stock transaction valued at roughly $70 million, expected to close in Q1 2024. The deal combines Pangiam's facial recognition and biometric capabilities with BigBear.ai's computer vision and AI analytics to create a comprehensive Vision AI portfolio and expand the combined company's customer base into airlines, airports, identity-verification firms and additional U.S. government contracts.

BigBear.ai Acquires Ask Sage for $250M

December 31, 2025

Software

BigBear.ai completed the acquisition of Ask Sage, a secure generative AI platform for defense and regulated environments, for $250 million in cash. The deal expands BigBear.ai's mission-ready AI portfolio by adding Ask Sage's secure generative AI workflows and agentic capabilities for government and regulated commercial customers.

The Acacia Group Acquires The Baer Group

May 25, 2022

IT Services

The Acacia Group, a specialist investment firm focused on digital transformation, has acquired The Baer Group, an Atlanta-based technology consulting and services firm. The Baer Group will form a new platform within Acacia’s portfolio to scale its technical talent network and expand capabilities across ERP, cloud integration and data transformation for commercial and government clients.

Ginkgo Bioworks to Go Public via Soaring Eagle SPAC Business Combination

May 11, 2021

Biotechnology

Ginkgo Bioworks has agreed to a business combination with Soaring Eagle Acquisition Corp., which values Ginkgo at a $15.0 billion pre-money equity valuation and is expected to provide up to $2.5 billion of primary proceeds (including a $775 million PIPE). The transaction will take Ginkgo public, expand capital to scale its synthetic biology Foundry and platform capabilities across therapeutics, industrials, food and agriculture, and is expected to close in 3Q 2021 subject to customary approvals.