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Carlyle Agrees to Buy US Government Contractor ManTech for $3.9 Billion

  • ManTech’s board has unanimously approved the takeover
  • PE firms have been targeting contractors with an IT bent
Kevin Phillips, president and chief executive officer of ManTech International Corp.

Kevin Phillips, president and chief executive officer of ManTech International Corp.

Photographer: Zach Gibson/Bloomberg
Updated on

Carlyle Group Inc. agreed to acquire ManTech International Corp. in a deal valuing the US government contractor at about $3.9 billion. 

The buyout firm will pay $96 per share in cash, according to a statement Monday, which confirmed an earlier Bloomberg News report. The offer represents a 32% premium to ManTech’s closing price on Feb. 2, the last trading day before reports on a potential sale of the company.