ManTech International Corporation (Nasdaq: MANT) completed the acquisition of H2M Group (H2M), a Manassas, Virginia-based provider of intelligence analysis services and solutions to primarily the National Geospatial-Intelligence Agency (NGA).
The amount of the deal – funded from cash on hand and its existing line of credit – was not disclosed.
The acquisition strengthens ManTech’s ability to help key government agencies implement new automation techniques that enable intelligence analysts to more effectively navigate large amounts of data, and to distill the critical information that informs actionable intelligence necessary to make mission-critical decisions.
The acquisition also brings to ManTech approximately 180 skilled employees, most of whom are directly supporting intelligence missions.
Founded in 2014, H2M offers a range of services that support the intelligence community (IC), including geospatial analysis, imagery and full motion video analysis, GEOINT operations and cartography.
H2M will become part of ManTech’s Mission, Cyber & Intelligence Solutions Group, led by President Rick Wagner.
The acquisition was structured such that ManTech will receive a step-up in the tax basis of the intangible assets acquired.
Led by Kevin Phillips, President and CEO, ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence community and federal civilian agencies. In business more than 50 years, the company is a leader in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security.