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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