Security Experts:

Connect with us

Hi, what are you looking for?


M&A Tracker

Carlyle to Acquire Defense Contractor ManTech in $4.2 Billion Deal

Private equity firm Carlyle is acquiring US defense contractor ManTech International Corporation in an all-cash deal valued at roughly $4.2 billion.

Private equity firm Carlyle is acquiring US defense contractor ManTech International Corporation in an all-cash deal valued at roughly $4.2 billion.

ManTech provides a wide range of technology solutions to government agencies, including cyber, mission and enterprise IT, data analytics, software development, intelligence systems engineering, and mission operations.

Cybersecurity services include offensive cyber operations, defense, analytics, SOAR, hardening and resilience, training, and risk management and compliance.

As part of the deal with Carlyle, ManTech shareholders will get $96 per share in cash, which represents a 32% premium to a share price of $72.82 on February 2, 2022, just before Reuters reported that the company’s co-founder, George Pedersen, was exploring options for his controlling stake. The stock price on May 13, 2022, was close to $82.

The transaction is expected to close in the second half of calendar 2022.

“We have always admired ManTech’s unwavering commitment to support national security customers and their critical missions through differentiated capabilities and technology solutions. ManTech’s talented employees and leadership team have built a remarkable Company with strong market positions across the federal government,” said Dayne Baird, a managing director on Carlyle’s Aerospace & Government Services team.

ManTech reported a revenue of $2.55 billion for 2021 (up from $2.51 billion in 2020), and a net income of $137 million, up from $120 million in the previous year.

Related: SecurityWeek Study: Over 430 Cybersecurity Mergers & Acquisitions Announced in 2021

Related: Cybersecurity M&A Roundup: 42 Deals Announced in April 2022

Related: Private Equity Firm Permira to Acquire Mimecast in $5.8 Billion Deal

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.


Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

M&A Tracker

The SecurityWeek editorial team huddled over the holidays to look back at the stories that shaped 2022 and, more importantly, to stare into a...


Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek


Forty cybersecurity-related M&A deals were announced in January 2023.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.