ManTech Purchases Digital Engineering Firm Gryphon for $350 Million

Earlier in the month, ManTech International Corporation announced that it had signed a definitive agreement to acquire Gryphon Technologies, a leading systems engineering firm, from AE Industrial Partners, for $350 million. The move will broaden ManTech's advanced digital engineering capabilities, the company reported.

Headquartered in Washington, D.C., Gryphon Technologies specializes in an array of advanced digital and systems engineering capabilities for Defense Department agencies. They perform model-based systems engineering, predictive analytics, data/computational science and cloud engineering solutions now deployed for the U.S. Navy, U.S. Air Force, DARPA, the Missile Defense Agency and other DoD agencies. The purchase will add more than 1,500 employees to ManTech. 

“This acquisition maps directly to our Defense Sector expansion strategy of leveraging transformational innovation to advance missions, modernize operations and safeguard military systems and personnel across the DoD landscape,” said Kevin Phillips, Chairman, Chief Executive Officer and President of ManTech. “We are very pleased to welcome Gryphon’s talented employees, sophisticated capabilities and customers.”

Gryphon CEO and Founder P.J. Braden said, “We are very excited to become a part of ManTech, a recognized leader in supporting national and homeland security. This is a great opportunity for our employees, who will benefit from ManTech’s more than 50 years of serving our nation, as well as its advanced professional development and commitment to career enablement.”

ManTech will fund the acquisition from cash on hand with additional funding from its existing line of credit and delayed draw term loan facilities. The acquisition is subject to various closing conditions and approvals including approval under the Hart-Scott-Rodino Act, and is expected to be completed by the end of this calendar year.