Carlyle Group in talks to acquire US defense contractor ManTech International Corp 

According to sources familiar with the matter at hand, Carlyle Group Inc is in advanced talks to acquire U.S. defense contractor ManTech International Corp in a deal that values it at around $4 billion.

Ever since reports of ManTech’s co-founder George Pederson looking to explore options for his controlling stake which included a sale of the company reached the market, shares of Herndon, Virginia-based company have jumped. ManTech is now worth $3.4 billion based on its last closing value on last Friday.

A potential deal with Carlyle could be announced as soon as later this week. Having said that, its to be noted that negotiations are ongoing and there is no certainty that an agreement will be reached; talks could also fall apart.

ManTech performs defense and non-defense contracting services for the intelligence community, the Pentagon and other government agencies. It has an employee strength of 9,400.

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