Government Services Industry Update 1st Half 2023
Read more about M&A activity and trends in this sector here
Government Services Review 1st Half 2023
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- Deal Volume: Government Services Deal volume remains strong but below 2022 levels with 57 M&A deals in the 1st Half of 2023 v. 78 in the same period a year ago.
- Private Equity Participation: Private Equity continues to play an integral part of Gov’t Services M&A with platform and bolt-on deals accounting for 66% of deals (Platform: 23%, Bolt-On: 43%) in the 1st half of 2023 v. 53% in 2022.
- FY24 Budget: The Biden administration submits $842 billion FY24 Defense Budget, representing a 3.2% increase ($26 billion) over FY23 and a $100 billion increase from 2 years ago.
- Geopolitical Landscape: Autocratic leaders continue to drive global security policy; NATO countries are reinvigorated on defense cooperation as they, along with others, the US included, look to secure symmetric and asymmetric defenses.
- Speed of Technology: Mission problems continue to be bigger, more complex and more real-time; Gov’t will continue to lead on Industry to help accelerate IT solutions at scale; Need to control & dominate the digital battlespace.
Government Services Deals
Government Services PE Platforms
National & Military Intelligence Programs Budgets
($ billions)
*Requested
NIP: National Intelligence Programs
MIP: Military Intelligence Programs
Defense Budget
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Government Services Review 1st Half 2023
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Government Services Industry Update 2nd Half 2023
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