“ManTech's agreement on its sale to the Carlyle Group marks both the end of one era and the beginning of something new. Market watchers have been wondering about the potential of a transaction for months. But many of us have wondered about ManTech’s future for even longer because of the unusual ownership and control of the company by George Pedersen, co-founder and long-time CEO and chairman... But in looking at ManTech’s track record, it is hard to argue that Pedersen held the company back. He led ManTech through an initial public offering in 2002 when they had about $400 million in revenue and he was 64 years old. In 2021, they reported annual revenue of $2.6 billion... Under Carlyle, our expectation is that ManTech's acquisition engine will only rev up even more. I don’t think the Gryphon Technologies record as the largest-ever will last for long. It’s a near-perfect platform for Carlyle: Strong management team led by Kevin Phillips Experience in integrating acquisitions Good track record in bid, proposal and capture Scale to take on large programs Going to a private equity owner also makes sense when considering Pedersen still controls the voting stock. After decades leading the company, I can’t imagine that he wanted ManTech to be absorbed into a larger entity and effectively disappear...” Read the full article here. Source: Carlyle's buy of ManTech preserves one legacy and opens the door to another – By Nick Wakeman, May 16, 2022. Washington Technology.