Baird Defense & Government 2024 Year-In-Review
Defense & Government Companies Continue to Make Strategic Moves in a Highly Dynamic Market
Baird's Defense & Government team would like to thank our clients and our partners for contributing to a successful 2024, executing 12 M&A transactions and 3 equity capital raises, totaling $4 billion in aggregate value.
The Baird Defense & Government team closed several transactions with large strategics including the sale of Applied Insight to CACI, LinQuest to KBR, BlackSignal to Parsons, and Boeing's DRT subsidiary to Thales. Additionally, companies continued to engage in portfolio re-shaping initiatives – the Baird team worked on four closed divestitures including sell-side engagements for Boeing, ManTech, and PAR Technology.
As the federal government embraces software and innovation, we were also active in DefenseTech and GovTech, with announced transactions that include CMP's investment in Parry Labs and, most recently, Thoma Bravo's investment in Casepoint. Public equity capital markets are likewise supportive of National Security companies, as Baird led several Defense & Government public equity transactions including follow-on offerings for Kratos and V2X.
Select Defense & Government Transactions
On November 21st, we hosted our 7th Annual Defense & Government Conference, where more than 1,200 attendees participated in presentations and panels featuring over 75 public and private company executives and Government officials. We look forward to seeing you at our 2025 Defense & Government Conference on Tuesday, November 18th.
We are grateful to have worked with each of our clients and industry partners in 2024. Looking ahead, 2025 is certain to be filled with challenges and opportunities associated with the new administration's initiatives and priorities. Baird's Defense & Government team welcomes the opportunity to collaborate with you in the coming year.
