Peraton (Veritas Capital) Acquires Northrop Grumman Federal IT and Mission Support Services Business

December 8, 2020

An affiliate of Veritas Capital completed the $3.4 billion cash acquisition of Northrop Grumman's federal IT and mission support services business. The business, which generated approximately $2.3 billion in revenue in 2020, will be combined with Veritas portfolio company Peraton to create a scaled government mission capability integrator serving defense, intelligence, civil and health agencies.

Buyers
Veritas Capital, Peraton
Targets
Northrop Grumman Federal IT and Mission Support Services Business
Sellers
Northrop Grumman
Platforms
Peraton
Industry
IT Services
Location
Virginia, United States
Transaction Type
Divestiture

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